HighPoint Advisor Group LLC Acquires 32 Shares of EMCOR Group, Inc. (NYSE:EME)

HighPoint Advisor Group LLC increased its stake in EMCOR Group, Inc. (NYSE:EME) by 4.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 804 shares of the construction company’s stock after purchasing an additional 32 shares during the period. HighPoint Advisor Group LLC’s holdings in EMCOR Group were worth $359,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. B. Metzler seel. Sohn & Co. AG grew its position in EMCOR Group by 97.3% during the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 2,305 shares of the construction company’s stock valued at $1,046,000 after acquiring an additional 1,137 shares during the last quarter. Summit Financial LLC purchased a new position in EMCOR Group during the 4th quarter valued at about $225,000. Wellington Management Group LLP raised its position in EMCOR Group by 152.6% during the 4th quarter. Wellington Management Group LLP now owns 83,294 shares of the construction company’s stock valued at $37,807,000 after purchasing an additional 50,323 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its holdings in EMCOR Group by 1.8% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 43,783 shares of the construction company’s stock worth $19,873,000 after buying an additional 769 shares during the period. Finally, Physician Wealth Advisors Inc. bought a new stake in shares of EMCOR Group in the 4th quarter worth approximately $126,000. 92.59% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other EMCOR Group news, CAO Maxine Lum Mauricio sold 1,250 shares of the firm’s stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $370.07, for a total transaction of $462,587.50. Following the completion of the sale, the chief accounting officer now directly owns 27,642 shares in the company, valued at approximately $10,229,474.94. This trade represents a 4.33 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.26% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on EME shares. Stifel Nicolaus dropped their price target on EMCOR Group from $600.00 to $514.00 and set a “buy” rating for the company in a research note on Thursday, February 27th. StockNews.com lowered shares of EMCOR Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 25th. One research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $497.25.

EMCOR Group Stock Up 2.5 %

Shares of EME stock opened at $384.89 on Thursday. The business’s fifty day moving average is $415.38 and its 200 day moving average is $451.06. The stock has a market cap of $17.50 billion, a price-to-earnings ratio of 19.55 and a beta of 1.14. EMCOR Group, Inc. has a twelve month low of $319.49 and a twelve month high of $545.30.

EMCOR Group (NYSE:EME) last released its earnings results on Wednesday, February 26th. The construction company reported $6.32 earnings per share for the quarter, topping analysts’ consensus estimates of $5.53 by $0.79. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. The firm had revenue of $3.77 billion for the quarter, compared to the consensus estimate of $3.81 billion. Equities research analysts expect that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group announced that its Board of Directors has authorized a stock buyback plan on Wednesday, February 26th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the construction company to reacquire up to 2.6% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s leadership believes its shares are undervalued.

EMCOR Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Thursday, January 16th were given a $0.25 dividend. The ex-dividend date was Thursday, January 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.26%. EMCOR Group’s dividend payout ratio is currently 4.64%.

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.