EMCOR Group, Inc. (NYSE:EME – Get Free Report) CAO Maxine Lum Mauricio sold 1,250 shares of the company’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 transaction, the chief accounting officer now owns 27,642 shares in the company, valued at approximately $10,229,474.94. This trade represents a 4.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
EMCOR Group Stock Performance
EMCOR Group stock traded up $16.37 during trading on Friday, reaching $389.29. The company had a trading volume of 231,306 shares, compared to its average volume of 430,852. EMCOR Group, Inc. has a 12-month low of $319.49 and a 12-month high of $545.30. The stock’s 50 day moving average price is $443.95 and its two-hundred day moving average price is $449.14. The firm has a market capitalization of $17.70 billion, a price-to-earnings ratio of 19.77 and a beta of 1.14.
EMCOR Group (NYSE:EME – Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The construction company reported $6.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.53 by $0.79. The company had revenue of $3.77 billion during the quarter, compared to analysts’ expectations of $3.81 billion. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. As a group, research analysts expect that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.
EMCOR Group Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Thursday, January 16th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, January 16th. This represents a $1.00 annualized dividend and a yield of 0.26%. EMCOR Group’s dividend payout ratio is presently 4.64%.
Institutional Trading of EMCOR Group
Institutional investors have recently modified their holdings of the company. Norges Bank acquired a new position in EMCOR Group during the fourth quarter valued at approximately $299,855,000. Invesco Ltd. increased its position in shares of EMCOR Group by 28.0% in the fourth quarter. Invesco Ltd. now owns 1,318,494 shares of the construction company’s stock worth $598,465,000 after acquiring an additional 288,765 shares in the last quarter. World Investment Advisors LLC purchased a new position in shares of EMCOR Group in the 3rd quarter valued at $100,282,000. Ameriprise Financial Inc. lifted its holdings in shares of EMCOR Group by 94.2% during the 4th quarter. Ameriprise Financial Inc. now owns 306,999 shares of the construction company’s stock valued at $139,349,000 after acquiring an additional 148,915 shares in the last quarter. Finally, Nordea Investment Management AB lifted its holdings in shares of EMCOR Group by 2,246.2% during the 4th quarter. Nordea Investment Management AB now owns 142,578 shares of the construction company’s stock valued at $65,036,000 after acquiring an additional 136,501 shares in the last quarter. Hedge funds and other institutional investors own 92.59% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities analysts have recently weighed in on EME shares. StockNews.com lowered shares of EMCOR Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 25th. Northcoast Research began coverage on EMCOR Group in a report on Friday, November 22nd. They issued a “buy” rating and a $600.00 price target for the company. Stifel Nicolaus decreased their price objective on EMCOR Group from $600.00 to $514.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. Finally, The Goldman Sachs Group began coverage on EMCOR Group in a research note on Friday, November 22nd. They issued a “sell” rating and a $445.00 target price for the company. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $497.25.
View Our Latest Stock Report on EMCOR Group
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.
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