Duality Advisers LP Sells 10,312 Shares of EMCOR Group, Inc. (NYSE:EME)

Duality Advisers LP lessened its holdings in EMCOR Group, Inc. (NYSE:EME) by 74.6% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,513 shares of the construction company’s stock after selling 10,312 shares during the quarter. Duality Advisers LP’s holdings in EMCOR Group were worth $1,230,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. V Square Quantitative Management LLC bought a new stake in EMCOR Group during the first quarter worth about $28,000. Allworth Financial LP raised its stake in EMCOR Group by 83.8% during the fourth quarter. Allworth Financial LP now owns 136 shares of the construction company’s stock worth $29,000 after acquiring an additional 62 shares in the last quarter. Independence Bank of Kentucky acquired a new position in EMCOR Group during the first quarter worth about $33,000. CVA Family Office LLC acquired a new position in shares of EMCOR Group in the fourth quarter valued at approximately $39,000. Finally, Evermay Wealth Management LLC acquired a new position in shares of EMCOR Group in the fourth quarter valued at approximately $39,000. Institutional investors own 92.59% of the company’s stock.

Insider Buying and Selling

In related news, Director Carol P. Lowe sold 1,245 shares of the stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $374.23, for a total value of $465,916.35. Following the transaction, the director now directly owns 16,807 shares in the company, valued at approximately $6,289,683.61. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.26% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Separately, DA Davidson reissued a “buy” rating and set a $375.00 target price on shares of EMCOR Group in a research report on Friday, March 22nd.

EMCOR Group Stock Performance

Shares of EMCOR Group stock traded up $2.81 on Friday, reaching $378.27. 166,177 shares of the company’s stock were exchanged, compared to its average volume of 462,902. The company has a market capitalization of $17.78 billion, a P/E ratio of 24.76 and a beta of 1.06. EMCOR Group, Inc. has a 52 week low of $186.00 and a 52 week high of $401.98. The firm’s 50-day moving average is $378.35 and its two-hundred day moving average is $318.17.

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

EMCOR Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 30th. Investors of record on Monday, July 15th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.26%. The ex-dividend date is Monday, July 15th. EMCOR Group’s dividend payout ratio is currently 6.60%.

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.