EMCOR Group, Inc. (NYSE:EME) Shares Sold by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD reduced its holdings in EMCOR Group, Inc. (NYSE:EME – Get Rating) by 9.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 480,229 shares of the construction company’s stock after selling 51,752 shares during the quarter. Price T Rowe Associates Inc. MD owned approximately 1.01% of EMCOR Group worth $55,458,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in EME. AMG National Trust Bank increased its stake in shares of EMCOR Group by 0.7% during the 3rd quarter. AMG National Trust Bank now owns 10,815 shares of the construction company’s stock valued at $1,249,000 after acquiring an additional 79 shares during the last quarter. Quantinno Capital Management LP grew its stake in shares of EMCOR Group by 3.9% during the 3rd quarter. Quantinno Capital Management LP now owns 2,319 shares of the construction company’s stock valued at $268,000 after buying an additional 88 shares during the period. Laurel Wealth Advisors Inc. grew its stake in shares of EMCOR Group by 1.3% during the 3rd quarter. Laurel Wealth Advisors Inc. now owns 7,391 shares of the construction company’s stock valued at $854,000 after buying an additional 93 shares during the period. BDO Wealth Advisors LLC increased its holdings in shares of EMCOR Group by 19.4% during the 3rd quarter. BDO Wealth Advisors LLC now owns 585 shares of the construction company’s stock worth $68,000 after buying an additional 95 shares during the last quarter. Finally, Parkside Financial Bank & Trust raised its position in shares of EMCOR Group by 66.2% in the 1st quarter. Parkside Financial Bank & Trust now owns 251 shares of the construction company’s stock worth $28,000 after buying an additional 100 shares during the period. 93.44% of the stock is currently owned by hedge funds and other institutional investors.

EMCOR Group Price Performance

EME opened at $155.68 on Tuesday. EMCOR Group, Inc. has a 52-week low of $95.64 and a 52-week high of $169.88. The company has a 50 day moving average of $152.02 and a two-hundred day moving average of $141.30. The company has a market cap of $7.42 billion, a P/E ratio of 19.06 and a beta of 1.09. The company has a quick ratio of 1.23, a current ratio of 1.26 and a debt-to-equity ratio of 0.12.

EMCOR Group (NYSE:EME – Get Rating) last announced its quarterly earnings results on Thursday, February 23rd. The construction company reported $2.63 earnings per share for the quarter, topping analysts’ consensus estimates of $2.28 by $0.35. EMCOR Group had a net margin of 3.67% and a return on equity of 20.55%. The firm had revenue of $2.95 billion during the quarter, compared to analysts’ expectations of $2.88 billion. During the same period in the prior year, the company earned $1.89 EPS. The firm’s revenue was up 11.7% on a year-over-year basis. On average, analysts expect that EMCOR Group, Inc. will post 9.13 earnings per share for the current year.

EMCOR Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 31st. Shareholders of record on Tuesday, January 17th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date of this dividend was Friday, January 13th. EMCOR Group’s dividend payout ratio is presently 7.34%.

Wall Street Analyst Weigh In

Separately, DA Davidson upped their price target on EMCOR Group from $165.00 to $188.00 and gave the stock a “buy” rating in a research note on Friday, February 24th.

Insider Buying and Selling at EMCOR Group

In other news, EVP Maxine Lum Mauricio sold 2,500 shares of the company’s stock in a transaction on Tuesday, January 17th. The shares were sold at an average price of $149.62, for a total value of $374,050.00. Following the completion of the transaction, the executive vice president now directly owns 26,478 shares in the company, valued at $3,961,638.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.70% of the stock is owned by corporate insiders.

EMCOR Group Profile

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EMCOR Group, Inc engages in the provision of electrical and mechanical construction, and facilities services. It operates through the following segments: United States Electrical Construction and Facilities Services, United States Mechanical Construction and Facilities Services, United States Building Services, United States Industrial Services, and United Kingdom Building Services.