GAMMA Investing LLC Has $84,000 Stock Holdings in EMCOR Group, Inc. (NYSE:EME)

GAMMA Investing LLC increased its holdings in shares of EMCOR Group, Inc. (NYSE:EME) by 17.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 239 shares of the construction company’s stock after buying an additional 35 shares during the quarter. GAMMA Investing LLC’s holdings in EMCOR Group were worth $84,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Allworth Financial LP grew its stake in shares of EMCOR Group by 83.8% during the fourth quarter. Allworth Financial LP now owns 136 shares of the construction company’s stock worth $29,000 after buying an additional 62 shares during the last quarter. CVA Family Office LLC acquired a new position in EMCOR Group in the 4th quarter worth about $39,000. Evermay Wealth Management LLC acquired a new stake in shares of EMCOR Group during the fourth quarter valued at about $39,000. Benjamin F. Edwards & Company Inc. grew its holdings in shares of 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 during the last quarter. Finally, Alaska Permanent Fund Corp acquired a new position in shares of EMCOR Group in the fourth quarter valued at approximately $43,000. 92.59% of the stock is owned by institutional investors and hedge funds.

EMCOR Group Stock Down 1.2 %

Shares of NYSE:EME opened at $381.27 on Monday. The business has a fifty day simple moving average of $371.98 and a 200 day simple moving average of $304.57. EMCOR Group, Inc. has a 12-month low of $174.01 and a 12-month high of $401.98. The firm has a market cap of $17.92 billion, a P/E ratio of 25.15 and a beta of 1.08.

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

EMCOR Group Increases Dividend

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

Insiders Place Their Bets

In other 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 transaction, the director now directly owns 16,807 shares of the company’s stock, valued at approximately $6,289,683.61. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.26% of the company’s stock.

Analyst Ratings Changes

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

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.