208 Shares in EMCOR Group, Inc. (NYSE:EME) Purchased by AlphaCentric Advisors LLC

AlphaCentric Advisors LLC bought a new position in shares of EMCOR Group, Inc. (NYSE:EME) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 208 shares of the construction company’s stock, valued at approximately $76,000.

Other hedge funds have also recently bought and sold shares of the company. Matrix Trust Co acquired a new position in EMCOR Group during the 2nd quarter worth about $26,000. Proffitt & Goodson Inc. acquired a new position in EMCOR Group during the 2nd quarter worth about $27,000. V Square Quantitative Management LLC acquired a new position in EMCOR Group during the 1st quarter worth about $28,000. ORG Partners LLC acquired a new position in EMCOR Group during the 2nd quarter worth about $31,000. Finally, Independence Bank of Kentucky acquired a new position in EMCOR Group during the 1st quarter worth about $33,000. Institutional investors and hedge funds own 92.59% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, DA Davidson increased their price target on EMCOR Group from $410.00 to $430.00 and gave the company a “buy” rating in a research report on Friday, July 26th.

EMCOR Group Price Performance

EME stock opened at $377.16 on Tuesday. The firm has a market capitalization of $17.73 billion, a P/E ratio of 24.88 and a beta of 1.06. The business’s 50-day moving average is $367.71 and its two-hundred day moving average is $351.83. EMCOR Group, Inc. has a 1 year low of $191.50 and a 1 year high of $401.98.

EMCOR Group (NYSE:EME) last posted its quarterly earnings results on Thursday, July 25th. The construction company reported $5.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.76 by $1.49. The company had revenue of $3.67 billion for the quarter, compared to analyst estimates of $3.52 billion. EMCOR Group had a return on equity of 32.73% and a net margin of 6.01%. EMCOR Group’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same quarter last year, the company earned $2.95 EPS. On average, analysts expect that EMCOR Group, Inc. will post 19.5 EPS for the current year.

EMCOR Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 30th. Stockholders of record on Monday, July 15th were issued a $0.25 dividend. The ex-dividend date was Monday, July 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.27%. EMCOR Group’s payout ratio is currently 6.60%.

Insider Activity

In other news, Director Robin A. Walker-Lee sold 1,300 shares of the stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $370.79, for a total value of $482,027.00. Following the transaction, the director now owns 8,637 shares in the company, valued at approximately $3,202,513.23. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director Carol P. Lowe sold 1,245 shares of the firm’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $374.23, for a total transaction of $465,916.35. Following the transaction, the director now owns 16,807 shares in the company, valued at approximately $6,289,683.61. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Robin A. Walker-Lee sold 1,300 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $370.79, for a total value of $482,027.00. Following the transaction, the director now owns 8,637 shares in the company, valued at approximately $3,202,513.23. The disclosure for this sale can be found here. Company insiders own 1.26% of the company’s stock.

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.