CX Institutional Invests $95,000 in EMCOR Group, Inc. (NYSE:EME)

CX Institutional purchased a new stake in shares of EMCOR Group, Inc. (NYSE:EME) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 258 shares of the construction company’s stock, valued at approximately $95,000.

Several other hedge funds have also recently bought and sold shares of EME. Van ECK Associates Corp lifted its position in shares of EMCOR Group by 5.3% in the fourth quarter. Van ECK Associates Corp now owns 9,903 shares of the construction company’s stock worth $4,495,000 after purchasing an additional 502 shares in the last quarter. Asset Management One Co. Ltd. increased its stake in EMCOR Group by 16.3% in the 4th quarter. Asset Management One Co. Ltd. now owns 19,738 shares of the construction company’s stock valued at $9,067,000 after buying an additional 2,770 shares during the period. Montag A & Associates Inc. lifted its position in EMCOR Group by 13.0% in the 4th quarter. Montag A & Associates Inc. now owns 5,404 shares of the construction company’s stock worth $2,453,000 after buying an additional 621 shares in the last quarter. Principal Securities Inc. lifted its position in EMCOR Group by 7.7% in the 4th quarter. Principal Securities Inc. now owns 3,087 shares of the construction company’s stock worth $1,401,000 after buying an additional 220 shares in the last quarter. Finally, Csenge Advisory Group boosted its stake in shares of EMCOR Group by 4.7% during the 4th quarter. Csenge Advisory Group now owns 983 shares of the construction company’s stock valued at $446,000 after buying an additional 44 shares during the period. 92.59% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on EME shares. Wall Street Zen lowered EMCOR Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 25th. UBS Group started coverage on shares of EMCOR Group in a research note on Friday. They issued a “buy” rating and a $570.00 price objective on the stock. Finally, Stifel Nicolaus decreased their price objective on EMCOR Group from $514.00 to $503.00 and set a “buy” rating on the stock in a report on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $509.60.

Insiders Place Their Bets

In other EMCOR Group news, Director Robin A. Walker-Lee sold 947 shares of the firm’s stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $412.83, for a total transaction of $390,950.01. Following the transaction, the director now owns 7,094 shares in the company, valued at approximately $2,928,616.02. This trade represents a 11.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Anthony Guzzi sold 7,000 shares of the company’s stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $436.03, for a total value of $3,052,210.00. Following the completion of the sale, the chief executive officer now directly owns 208,989 shares of the company’s stock, valued at approximately $91,125,473.67. This trade represents a 3.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.83% of the company’s stock.

EMCOR Group Stock Performance

EMCOR Group stock opened at $485.88 on Tuesday. The business’s fifty day moving average is $438.25 and its two-hundred day moving average is $438.92. The firm has a market cap of $21.75 billion, a P/E ratio of 24.68 and a beta of 1.23. EMCOR Group, Inc. has a 52 week low of $319.49 and a 52 week high of $545.30.

EMCOR Group (NYSE:EME) last posted its quarterly earnings data on Wednesday, April 30th. The construction company reported $5.41 earnings per share for the quarter, topping the consensus estimate of $4.57 by $0.84. The firm had revenue of $3.87 billion during the quarter, compared to analysts’ expectations of $3.78 billion. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. EMCOR Group’s revenue was up 12.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.17 EPS. On average, equities research analysts predict that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Thursday, April 17th were given a $0.25 dividend. The ex-dividend date was Thursday, April 17th. This represents a $1.00 dividend on an annualized basis and a yield of 0.21%. EMCOR Group’s payout ratio is 4.42%.

EMCOR Group announced that its board has approved a share buyback plan on Wednesday, February 26th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the construction company to buy up to 2.6% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

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.