Precision Wealth Strategies LLC Has $470,000 Stake in EMCOR Group, Inc. (NYSE:EME)

Precision Wealth Strategies LLC reduced its holdings in shares of EMCOR Group, Inc. (NYSE:EME) by 7.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,092 shares of the construction company’s stock after selling 93 shares during the quarter. Precision Wealth Strategies LLC’s holdings in EMCOR Group were worth $470,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC increased its position in shares of EMCOR Group by 89.9% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 21,688 shares of the construction company’s stock worth $7,595,000 after purchasing an additional 10,269 shares during the period. Hennessy Advisors Inc. lifted its stake in shares of EMCOR Group by 18.9% in the first quarter. Hennessy Advisors Inc. now owns 143,100 shares of the construction company’s stock worth $50,114,000 after acquiring an additional 22,700 shares during the period. BNP Paribas Financial Markets lifted its stake in shares of EMCOR Group by 92.8% in the first quarter. BNP Paribas Financial Markets now owns 102,516 shares of the construction company’s stock worth $35,901,000 after acquiring an additional 49,346 shares during the period. Wellington Management Group LLP bought a new stake in EMCOR Group in the fourth quarter worth approximately $9,565,000. Finally, Montag A & Associates Inc. bought a new stake in EMCOR Group in the first quarter worth approximately $1,772,000. Institutional investors own 92.59% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on EME shares. DA Davidson lifted their target price on EMCOR Group from $410.00 to $430.00 and gave the stock a “buy” rating in a report on Friday, July 26th. StockNews.com upgraded EMCOR Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 9th.

EMCOR Group Stock Up 0.3 %

NYSE EME opened at $455.10 on Tuesday. The company has a market cap of $21.39 billion, a price-to-earnings ratio of 30.02 and a beta of 1.07. EMCOR Group, Inc. has a 52 week low of $191.50 and a 52 week high of $456.16. The business has a 50 day moving average price of $405.91 and a 200-day moving average price of $381.45.

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

EMCOR Group Dividend Announcement

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 dividend of $0.25 per share. The ex-dividend date is Tuesday, October 15th. This represents a $1.00 annualized dividend and a dividend yield of 0.22%. EMCOR Group’s dividend payout ratio is 6.60%.

Insider Activity

In related news, Director Robin A. Walker-Lee sold 1,300 shares of EMCOR Group stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $370.79, for a total transaction of $482,027.00. Following the transaction, the director now owns 8,637 shares of the company’s stock, valued at $3,202,513.23. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.26% of the company’s stock.

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.