Hantz Financial Services Inc. Invests $14.18 Million in EMCOR Group, Inc. (NYSE:EME)

Hantz Financial Services Inc. bought a new stake in EMCOR Group, Inc. (NYSE:EME) during the 2nd quarter, HoldingsChannel.com reports. The fund bought 38,833 shares of the construction company’s stock, valued at approximately $14,177,000.

Several other hedge funds have also recently made changes to their positions in EME. GAMMA Investing LLC acquired a new stake in EMCOR Group during the 4th quarter worth about $47,000. Truist Financial Corp grew its position in EMCOR Group by 12.0% during the 4th quarter. Truist Financial Corp now owns 11,220 shares of the construction company’s stock worth $2,417,000 after purchasing an additional 1,201 shares during the period. Russell Investments Group Ltd. grew its position in EMCOR Group by 84.2% during the 4th quarter. Russell Investments Group Ltd. now owns 69,559 shares of the construction company’s stock worth $14,998,000 after purchasing an additional 31,787 shares during the period. Van ECK Associates Corp grew its position in EMCOR Group by 40.6% during the 4th quarter. Van ECK Associates Corp now owns 13,958 shares of the construction company’s stock worth $3,007,000 after purchasing an additional 4,031 shares during the period. Finally, Mission Wealth Management LP grew its position in EMCOR Group by 3.3% during the 4th quarter. Mission Wealth Management LP now owns 2,962 shares of the construction company’s stock worth $638,000 after purchasing an additional 95 shares during the period. 92.59% of the stock is owned by institutional investors and hedge funds.

EMCOR Group Stock Up 2.0 %

EME stock opened at $393.06 on Friday. The company’s 50-day simple moving average is $367.71 and its 200-day simple moving average is $354.23. EMCOR Group, Inc. has a 52-week low of $191.50 and a 52-week high of $401.98. The firm has a market cap of $18.47 billion, a P/E ratio of 25.91 and a beta of 1.06.

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

EMCOR Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 30th. Stockholders of record on Monday, July 15th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.25%. The ex-dividend date of this dividend was Monday, July 15th. EMCOR Group’s payout ratio is currently 6.60%.

Insider Activity at EMCOR Group

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

Wall Street Analyst Weigh In

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

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.