Cwm LLC Decreases Position in EMCOR Group, Inc. (NYSE:EME)

Cwm LLC decreased its position in EMCOR Group, Inc. (NYSE:EME) by 4.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 923 shares of the construction company’s stock after selling 44 shares during the period. Cwm LLC’s holdings in EMCOR Group were worth $199,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of the company. Lindbrook Capital LLC raised its stake in shares of EMCOR Group by 32.5% in the fourth quarter. Lindbrook Capital LLC now owns 208 shares of the construction company’s stock valued at $45,000 after buying an additional 51 shares during the period. Knights of Columbus Asset Advisors LLC bought a new position in shares of EMCOR Group during the 4th quarter worth $4,054,000. Federated Hermes Inc. increased its holdings in EMCOR Group by 20.1% in the 4th quarter. Federated Hermes Inc. now owns 102,556 shares of the construction company’s stock worth $22,094,000 after acquiring an additional 17,188 shares during the last quarter. Daiwa Securities Group Inc. raised its stake in EMCOR Group by 0.4% in the 4th quarter. Daiwa Securities Group Inc. now owns 14,150 shares of the construction company’s stock valued at $3,049,000 after acquiring an additional 50 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in EMCOR Group by 7.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,338 shares of the construction company’s stock valued at $2,227,000 after purchasing an additional 730 shares during the last quarter. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Insider Buying and Selling at EMCOR Group

In related news, CEO Anthony Guzzi sold 6,000 shares of the company’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $319.65, for a total value of $1,917,900.00. Following the completion of the transaction, the chief executive officer now directly owns 219,023 shares in the company, valued at $70,010,701.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.60% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts have recently issued reports on EME shares. KeyCorp began coverage on shares of EMCOR Group in a research report on Wednesday, January 10th. They issued a “sector weight” rating on the stock. DA Davidson reiterated a “buy” rating and issued a $375.00 price objective on shares of EMCOR Group in a research note on Friday, March 22nd.

EMCOR Group Stock Up 2.1 %

Shares of EME opened at $363.77 on Friday. The business’s 50-day moving average price is $338.99 and its 200-day moving average price is $261.30. EMCOR Group, Inc. has a twelve month low of $161.49 and a twelve month high of $369.53. The stock has a market cap of $17.10 billion, a PE ratio of 24.00 and a beta of 1.07.

EMCOR Group (NYSE:EME) last posted its earnings results on Thursday, April 25th. The construction company reported $4.17 earnings per share for the quarter, topping analysts’ consensus estimates of $2.92 by $1.25. EMCOR Group had a net margin of 5.48% and a return on equity of 30.38%. The business had revenue of $3.43 billion for the quarter. Analysts expect that EMCOR Group, Inc. will post 16.1 earnings per share for the current fiscal year.

EMCOR Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 16th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.27%. The ex-dividend date was Monday, April 15th. This is an increase from EMCOR Group’s previous quarterly dividend of $0.18. EMCOR Group’s dividend payout ratio (DPR) is 6.60%.

About EMCOR Group

EMCOR Group, Inc provides construction and facilities, building, and industrial services in the United States and the United Kingdom. It offers design, integration, installation, start-up, operation, and maintenance services related to power transmission, distribution, and generation systems; energy solutions; premises electrical and lighting systems; process instrumentation; low-voltage systems; voice and data communications systems; roadway and transit lighting, signaling, and fiber optic lines; computerized traffic control systems, and signal and communication equipment; heating, ventilation, air conditioning, refrigeration, and geothermal solutions; clean-room process ventilation systems; fire protection and suppression systems; plumbing, process, and high-purity piping systems; controls and filtration systems; water and wastewater treatment systems; central plant heating and cooling systems; crane and rigging services; millwright services; and steel fabrication, erection, and welding services.