Kowal Investment Group LLC Raises Holdings in EMCOR Group, Inc. (NYSE:EME)

Kowal Investment Group LLC lifted its stake in EMCOR Group, Inc. (NYSE:EME) by 59.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 937 shares of the construction company’s stock after acquiring an additional 350 shares during the period. Kowal Investment Group LLC’s holdings in EMCOR Group were worth $403,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in EME. Matrix Trust Co purchased a new position in EMCOR Group in the 2nd quarter worth $26,000. Proffitt & Goodson Inc. bought a new position in EMCOR Group in the 2nd quarter valued at approximately $27,000. Innealta Capital LLC purchased a new stake in shares of EMCOR Group during the 2nd quarter valued at about $29,000. ORG Partners LLC bought a new stake in shares of EMCOR Group in the second quarter worth $31,000. Finally, Independence Bank of Kentucky bought a new stake in shares of EMCOR Group during the 1st quarter valued at $33,000. Institutional investors own 92.59% of the company’s stock.

EMCOR Group Stock Performance

EME stock opened at $447.29 on Thursday. The firm has a market cap of $21.02 billion, a PE ratio of 29.50 and a beta of 1.07. EMCOR Group, Inc. has a one year low of $191.50 and a one year high of $454.84. The firm’s fifty day moving average is $400.02 and its 200 day moving average is $379.27.

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

EMCOR Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 30th. Stockholders of record on Tuesday, October 15th will be issued a $0.25 dividend. The ex-dividend date is Tuesday, October 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.22%. EMCOR Group’s payout ratio is 6.60%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on EME. StockNews.com upgraded shares of EMCOR Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 9th. DA Davidson upped their price objective on EMCOR Group from $410.00 to $430.00 and gave the company a “buy” rating in a research report on Friday, July 26th.

Insider Transactions at EMCOR Group

In other news, Director Robin A. Walker-Lee sold 1,300 shares of the stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $370.79, for a total value of $482,027.00. Following the completion of the sale, the director now directly owns 8,637 shares of the company’s stock, valued at approximately $3,202,513.23. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.26% of the company’s stock.

About EMCOR Group

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.