EMCOR Group, Inc. (NYSE:EME) Shares Acquired by NBC Securities Inc.

NBC Securities Inc. lifted its stake in EMCOR Group, Inc. (NYSE:EME) by 11.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,661 shares of the construction company’s stock after purchasing an additional 488 shares during the period. NBC Securities Inc.’s holdings in EMCOR Group were worth $1,632,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Allworth Financial LP increased its holdings in EMCOR Group by 83.8% in the fourth quarter. Allworth Financial LP now owns 136 shares of the construction company’s stock valued at $29,000 after buying an additional 62 shares in the last quarter. CVA Family Office LLC purchased a new position in EMCOR Group in the 4th quarter valued at approximately $39,000. Evermay Wealth Management LLC acquired a new position in EMCOR Group during the fourth quarter worth $39,000. Benjamin F. Edwards & Company Inc. boosted its position in EMCOR Group by 182.6% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 195 shares of the construction company’s stock worth $42,000 after purchasing an additional 126 shares in the last quarter. Finally, Alaska Permanent Fund Corp acquired a new stake in EMCOR Group in the fourth quarter valued at $43,000. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Analyst Ratings Changes

Separately, DA Davidson reaffirmed a “buy” rating and set a $375.00 price target on shares of EMCOR Group in a research note on Friday, March 22nd.

EMCOR Group Price Performance

Shares of NYSE EME opened at $385.68 on Thursday. The firm’s 50-day moving average is $370.73 and its two-hundred day moving average is $301.56. The company has a market capitalization of $18.13 billion, a PE ratio of 25.44 and a beta of 1.08. EMCOR Group, Inc. has a 12-month low of $173.24 and a 12-month high of $401.98.

EMCOR Group (NYSE:EME) last issued its quarterly earnings data on Thursday, April 25th. The construction company reported $4.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.92 by $1.25. The firm had revenue of $3.43 billion during the quarter. EMCOR Group had a return on equity of 30.38% and a net margin of 5.48%. On average, analysts forecast that EMCOR Group, Inc. will post 16.1 EPS for the current fiscal year.

EMCOR Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Tuesday, April 16th were paid a dividend of $0.25 per share. The ex-dividend date was Monday, April 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.26%. This is a positive change from EMCOR Group’s previous quarterly dividend of $0.18. EMCOR Group’s dividend payout ratio (DPR) is presently 6.60%.

Insider Buying and Selling

In other EMCOR Group news, Director Carol P. Lowe sold 1,245 shares of the company’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 in the company, valued at approximately $6,289,683.61. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.26% of the stock is currently owned by company insiders.

EMCOR Group 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.