EMCOR Group, Inc. (NYSE:EME) Shares Bought by Choreo LLC

Choreo LLC lifted its position in shares of EMCOR Group, Inc. (NYSE:EME) by 78.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,046 shares of the construction company’s stock after acquiring an additional 460 shares during the quarter. Choreo LLC’s holdings in EMCOR Group were worth $376,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC boosted its position in shares of EMCOR Group by 89.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 21,688 shares of the construction company’s stock worth $7,595,000 after purchasing an additional 10,269 shares in the last quarter. Hennessy Advisors Inc. grew its position in EMCOR Group by 18.9% during the first quarter. Hennessy Advisors Inc. now owns 143,100 shares of the construction company’s stock worth $50,114,000 after buying an additional 22,700 shares during the period. BNP Paribas Financial Markets increased its holdings in EMCOR Group by 92.8% in the first quarter. BNP Paribas Financial Markets now owns 102,516 shares of the construction company’s stock valued at $35,901,000 after buying an additional 49,346 shares in the last quarter. AXS Investments LLC lifted its position in shares of EMCOR Group by 238.7% during the 4th quarter. AXS Investments LLC now owns 4,200 shares of the construction company’s stock valued at $905,000 after acquiring an additional 2,960 shares during the period. Finally, Wellington Management Group LLP purchased a new stake in shares of EMCOR Group during the 4th quarter worth approximately $9,565,000. 92.59% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other EMCOR Group news, Director Robin A. Walker-Lee sold 1,300 shares of EMCOR Group stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $370.79, for a total value of $482,027.00. Following the completion of the sale, the director now directly owns 8,637 shares of the company’s stock, valued at approximately $3,202,513.23. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, DA Davidson raised their price objective on EMCOR Group from $410.00 to $430.00 and gave the company a “buy” rating in a research note on Friday, July 26th.

EMCOR Group Trading Up 1.6 %

NYSE:EME opened at $402.63 on Tuesday. The company has a market capitalization of $18.92 billion, a P/E ratio of 26.56 and a beta of 1.07. The firm has a 50-day moving average price of $369.19 and a two-hundred day moving average price of $363.94. EMCOR Group, Inc. has a twelve month low of $191.50 and a twelve month high of $403.69.

EMCOR Group (NYSE:EME) last issued its quarterly earnings data on Thursday, July 25th. The construction company reported $5.25 earnings per share for the quarter, topping analysts’ consensus estimates of $3.76 by $1.49. EMCOR Group had a net margin of 6.01% and a return on equity of 32.73%. The business had revenue of $3.67 billion during the quarter, compared to analysts’ expectations of $3.52 billion. During the same period last year, the company posted $2.95 EPS. The company’s revenue was up 20.4% on a year-over-year basis. On average, equities research analysts predict that EMCOR Group, Inc. will post 19.5 earnings per share for the current year.

EMCOR Group declared that its board has approved a stock buyback plan on Friday, June 7th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the construction company to purchase up to 2.8% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its stock is undervalued.

EMCOR Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 30th. Shareholders of record on Monday, July 15th were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, July 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.25%. EMCOR Group’s dividend payout ratio (DPR) is 6.60%.

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.