Mather Group LLC. Invests $71,000 in EMCOR Group, Inc. (NYSE:EME)

Mather Group LLC. bought a new stake in EMCOR Group, Inc. (NYSE:EME) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 204 shares of the construction company’s stock, valued at approximately $71,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. AXS Investments LLC grew its stake in shares of EMCOR Group by 238.7% in the fourth quarter. AXS Investments LLC now owns 4,200 shares of the construction company’s stock valued at $905,000 after buying an additional 2,960 shares in the last quarter. Nordea Investment Management AB boosted its position in EMCOR Group by 10.7% during the fourth quarter. Nordea Investment Management AB now owns 101,220 shares of the construction company’s stock worth $21,880,000 after purchasing an additional 9,752 shares during the period. Norges Bank bought a new position in EMCOR Group during the fourth quarter worth $153,739,000. Jump Financial LLC boosted its position in EMCOR Group by 489.6% during the fourth quarter. Jump Financial LLC now owns 11,433 shares of the construction company’s stock worth $2,463,000 after purchasing an additional 9,494 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new position in EMCOR Group during the fourth quarter worth $1,402,000. 92.59% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Insider Activity at EMCOR Group

In related news, Director Carol P. Lowe sold 1,245 shares of the business’s stock in a transaction dated Thursday, June 6th. The stock was 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 legal filing with the SEC, which can be accessed through the SEC website. 1.26% of the stock is owned by insiders.

EMCOR Group Stock Performance

EME opened at $381.27 on Friday. EMCOR Group, Inc. has a fifty-two week low of $174.01 and a fifty-two week high of $401.98. The company has a market capitalization of $17.92 billion, a P/E ratio of 25.15 and a beta of 1.08. The stock has a fifty day moving average of $371.98 and a 200-day moving average of $303.92.

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

EMCOR Group Increases Dividend

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

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.