Rhumbline Advisers reduced its position in shares of Emcor Group Inc (NYSE:EME) by 0.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 183,191 shares of the construction company’s stock after selling 1,587 shares during the period. Rhumbline Advisers’ holdings in Emcor Group were worth $13,388,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. TIAA CREF Investment Management LLC grew its position in Emcor Group by 2.3% in the third quarter. TIAA CREF Investment Management LLC now owns 558,476 shares of the construction company’s stock worth $41,947,000 after acquiring an additional 12,568 shares during the period. Vanguard Group Inc increased its position in Emcor Group by 1.0% in the 3rd quarter. Vanguard Group Inc now owns 5,531,946 shares of the construction company’s stock valued at $415,505,000 after acquiring an additional 53,572 shares during the period. Sit Investment Associates Inc. increased its position in Emcor Group by 2.1% in the 4th quarter. Sit Investment Associates Inc. now owns 24,000 shares of the construction company’s stock valued at $1,433,000 after acquiring an additional 500 shares during the period. Boston Advisors LLC increased its position in Emcor Group by 34.5% in the 4th quarter. Boston Advisors LLC now owns 39,984 shares of the construction company’s stock valued at $2,387,000 after acquiring an additional 10,253 shares during the period. Finally, Nisa Investment Advisors LLC increased its position in Emcor Group by 5.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 41,295 shares of the construction company’s stock valued at $2,465,000 after acquiring an additional 2,000 shares during the period. Institutional investors and hedge funds own 95.19% of the company’s stock.
EME has been the topic of several recent research reports. Maxim Group set a $73.00 price target on Emcor Group and gave the company a “hold” rating in a research report on Friday, April 26th. ValuEngine raised Emcor Group from a “sell” rating to a “hold” rating in a report on Wednesday, March 20th. Finally, Zacks Investment Research raised Emcor Group from a “hold” rating to a “strong-buy” rating and set a $75.00 price objective on the stock in a report on Thursday, January 31st.
Shares of EME opened at $81.70 on Thursday. Emcor Group Inc has a twelve month low of $57.29 and a twelve month high of $84.75. The company has a market capitalization of $4.51 billion, a price-to-earnings ratio of 16.64, a price-to-earnings-growth ratio of 0.98 and a beta of 1.20. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.36 and a current ratio of 1.38.
Emcor Group (NYSE:EME) last announced its quarterly earnings data on Tuesday, April 30th. The construction company reported $1.28 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.05 by $0.23. Emcor Group had a return on equity of 17.18% and a net margin of 3.58%. The company had revenue of $2.16 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same quarter in the previous year, the company earned $0.94 EPS. The firm’s revenue for the quarter was up 13.7% compared to the same quarter last year. Analysts expect that Emcor Group Inc will post 5.45 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Thursday, April 18th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date was Wednesday, April 17th. Emcor Group’s dividend payout ratio is presently 6.52%.
In other Emcor Group news, CEO Anthony Guzzi sold 1,000 shares of Emcor Group stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $75.00, for a total value of $75,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Mark A. Pompa sold 8,000 shares of the business’s stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $80.00, for a total value of $640,000.00. The disclosure for this sale can be found here. Insiders sold a total of 28,546 shares of company stock worth $2,219,188 in the last ninety days. 1.90% of the stock is owned by corporate insiders.
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Emcor Group Profile
EMCOR Group, Inc provides electrical and mechanical construction, and facilities services in the United States. The company designs, integrates, installs, starts-up, operates, and maintains electric power transmission and distribution systems; premises electrical and lighting systems; process instrumentation in the refining, chemical and food processing, and mining industries; low-voltage, voice and data communications, fire protection, water and wastewater treatment, controls and filtration, central plant heating and cooling, plumbing, process, and piping systems; roadway and transit lighting, and fiber-optic lines; and heating, ventilation, air conditioning, refrigeration, and clean-room process ventilation systems, as well as offers crane, rigging, and millwright; and steel fabrication, erection, and welding services.
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