Blair William & Co. IL Grows Stake in EMCOR Group, Inc. (NYSE:EME)

Blair William & Co. IL raised its stake in EMCOR Group, Inc. (NYSE:EME) by 61.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,483 shares of the construction company’s stock after purchasing an additional 942 shares during the quarter. Blair William & Co. IL’s holdings in EMCOR Group were worth $907,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Eagle Bay Advisors LLC raised its position in EMCOR Group by 8.1% in the first quarter. Eagle Bay Advisors LLC now owns 456 shares of the construction company’s stock valued at $160,000 after purchasing an additional 34 shares during the period. GAMMA Investing LLC raised its position in EMCOR Group by 17.2% in the first quarter. GAMMA Investing LLC now owns 239 shares of the construction company’s stock valued at $84,000 after purchasing an additional 35 shares during the period. Miller Howard Investments Inc. NY increased its position in shares of EMCOR Group by 2.2% during the second quarter. Miller Howard Investments Inc. NY now owns 2,156 shares of the construction company’s stock worth $787,000 after acquiring an additional 46 shares during the last quarter. Massmutual Trust Co. FSB ADV increased its position in shares of EMCOR Group by 30.9% during the second quarter. Massmutual Trust Co. FSB ADV now owns 199 shares of the construction company’s stock worth $73,000 after acquiring an additional 47 shares during the last quarter. Finally, Cooper Financial Group increased its position in shares of EMCOR Group by 3.7% during the second quarter. Cooper Financial Group now owns 1,328 shares of the construction company’s stock worth $485,000 after acquiring an additional 47 shares during the last quarter. 92.59% of the stock is owned by hedge funds and other institutional investors.

EMCOR Group Stock Performance

NYSE:EME opened at $433.27 on Wednesday. The company has a market capitalization of $20.36 billion, a price-to-earnings ratio of 28.58 and a beta of 1.07. EMCOR Group, Inc. has a one year low of $191.50 and a one year high of $441.89. The stock has a 50-day simple moving average of $375.05 and a 200 day simple moving average of $368.22.

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

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

EMCOR Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 30th. Investors of record on Monday, July 15th were paid a $0.25 dividend. The ex-dividend date was Monday, July 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.23%. EMCOR Group’s dividend payout ratio (DPR) is 6.60%.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. StockNews.com lowered EMCOR Group from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 20th. DA Davidson lifted their target price on EMCOR Group from $410.00 to $430.00 and gave the stock a “buy” rating in a research report on Friday, July 26th.

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.