Rise Advisors LLC Invests $40,000 in EMCOR Group, Inc. (NYSE:EME)

Rise Advisors LLC bought a new stake in EMCOR Group, Inc. (NYSE:EME) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 114 shares of the construction company’s stock, valued at approximately $40,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Allworth Financial LP boosted its holdings in EMCOR Group by 83.8% in the 4th quarter. Allworth Financial LP now owns 136 shares of the construction company’s stock valued at $29,000 after purchasing an additional 62 shares during the period. CVA Family Office LLC bought a new stake in shares of EMCOR Group in the fourth quarter valued at approximately $39,000. Evermay Wealth Management LLC acquired a new stake in EMCOR Group during the fourth quarter worth approximately $39,000. Benjamin F. Edwards & Company Inc. increased its stake in EMCOR Group by 182.6% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 195 shares of the construction company’s stock worth $42,000 after acquiring an additional 126 shares during the period. Finally, Alaska Permanent Fund Corp acquired a new position in EMCOR Group in the 4th quarter valued at $43,000. 92.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

EMCOR Group Trading Up 0.1 %

Shares of EMCOR Group stock opened at $385.91 on Friday. The company has a market cap of $18.14 billion, a PE ratio of 25.46 and a beta of 1.08. The company has a 50 day moving average of $371.40 and a 200-day moving average of $302.14. EMCOR Group, Inc. has a 1-year low of $174.01 and a 1-year high of $401.98.

EMCOR Group (NYSE:EME) last released its earnings results on Thursday, April 25th. The construction company reported $4.17 earnings per share 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%. Research analysts forecast that EMCOR Group, Inc. will post 16.1 earnings per share for the current year.

EMCOR Group Increases Dividend

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

Insider Buying and Selling at EMCOR Group

In other news, Director Carol P. Lowe sold 1,245 shares of the 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 completion of the transaction, the director now owns 16,807 shares of the company’s stock, valued at $6,289,683.61. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company 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.