Westover Capital Advisors LLC Invests $2.15 Million in EMCOR Group, Inc. (NYSE:EME)

Westover Capital Advisors LLC purchased a new stake in shares of EMCOR Group, Inc. (NYSE:EME) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 9,986 shares of the construction company’s stock, valued at approximately $2,151,000.

A number of other institutional investors and hedge funds also recently modified their holdings of EME. Fuller & Thaler Asset Management Inc. increased its position in shares of EMCOR Group by 41.0% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 1,068,555 shares of the construction company’s stock valued at $224,813,000 after acquiring an additional 310,718 shares during the last quarter. Pacer Advisors Inc. increased its position in shares of EMCOR Group by 3,091.7% during the fourth quarter. Pacer Advisors Inc. now owns 313,998 shares of the construction company’s stock valued at $67,645,000 after acquiring an additional 304,160 shares during the last quarter. Invesco Ltd. increased its position in shares of EMCOR Group by 40.1% during the third quarter. Invesco Ltd. now owns 919,304 shares of the construction company’s stock valued at $193,412,000 after acquiring an additional 263,330 shares during the last quarter. FMR LLC increased its position in shares of EMCOR Group by 7.3% during the third quarter. FMR LLC now owns 3,551,683 shares of the construction company’s stock valued at $747,239,000 after acquiring an additional 241,920 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in EMCOR Group by 155.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 325,625 shares of the construction company’s stock worth $68,509,000 after buying an additional 198,214 shares during the last quarter. 92.59% of the stock is owned by hedge funds and other institutional investors.

EMCOR Group Price Performance

Shares of EMCOR Group stock traded down $0.70 during trading hours on Thursday, reaching $354.54. The company had a trading volume of 194,925 shares, compared to its average volume of 428,343. EMCOR Group, Inc. has a one year low of $161.49 and a one year high of $369.53. The business has a fifty day simple moving average of $335.17 and a 200 day simple moving average of $259.12. The firm has a market cap of $16.66 billion, a PE ratio of 23.45 and a beta of 1.07.

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

EMCOR Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 16th were issued a $0.25 dividend. This is a positive change from EMCOR Group’s previous quarterly dividend of $0.18. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.28%. The ex-dividend date of this dividend was Monday, April 15th. EMCOR Group’s dividend payout ratio (DPR) is presently 6.60%.

Insider Transactions at EMCOR Group

In related news, CEO Anthony Guzzi sold 6,000 shares of EMCOR Group stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $319.65, for a total transaction of $1,917,900.00. Following the completion of the sale, the chief executive officer now owns 219,023 shares of the company’s stock, valued at $70,010,701.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.60% of the company’s stock.

Wall Street Analysts Forecast Growth

EME has been the subject of a number of recent research reports. KeyCorp initiated coverage on EMCOR Group in a research report on Wednesday, January 10th. They issued a “sector weight” rating for the company. DA Davidson reissued a “buy” rating and issued a $375.00 target price on shares of EMCOR Group in a research report on Friday, March 22nd.

EMCOR Group Company Profile

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.