Benjamin Edwards Inc. Has $395,000 Stake in EMCOR Group, Inc. (NYSE:EME)

Benjamin Edwards Inc. reduced its position in shares of EMCOR Group, Inc. (NYSE:EME) by 52.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,081 shares of the construction company’s stock after selling 1,172 shares during the quarter. Benjamin Edwards Inc.’s holdings in EMCOR Group were worth $395,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of EME. Wealth Enhancement Advisory Services LLC grew its stake in 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 valued at $7,595,000 after acquiring an additional 10,269 shares in the last quarter. Hennessy Advisors Inc. increased its stake in shares of EMCOR Group by 18.9% in the first quarter. Hennessy Advisors Inc. now owns 143,100 shares of the construction company’s stock worth $50,114,000 after acquiring an additional 22,700 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in shares of EMCOR Group by 92.8% during the first quarter. BNP Paribas Financial Markets now owns 102,516 shares of the construction company’s stock worth $35,901,000 after acquiring an additional 49,346 shares in the last quarter. AXS Investments LLC boosted its position in EMCOR Group by 238.7% during the fourth quarter. AXS Investments LLC now owns 4,200 shares of the construction company’s stock valued at $905,000 after purchasing an additional 2,960 shares during the last quarter. Finally, Wellington Management Group LLP purchased a new position in EMCOR Group in the fourth quarter valued at about $9,565,000. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Wall Street Analyst Weigh In

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

EMCOR Group Price Performance

EMCOR Group stock opened at $435.69 on Friday. EMCOR Group, Inc. has a one year low of $191.50 and a one year high of $437.10. The company’s fifty day moving average price is $373.10 and its two-hundred day moving average price is $366.11. The company has a market capitalization of $20.48 billion, a price-to-earnings ratio of 28.74 and a beta of 1.07.

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, beating analysts’ consensus estimates of $3.76 by $1.49. EMCOR Group had a return on equity of 32.73% and a net margin of 6.01%. The business had revenue of $3.67 billion for the quarter, compared to the consensus estimate of $3.52 billion. During the same period last year, the business earned $2.95 EPS. The firm’s revenue was up 20.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that EMCOR Group, Inc. will post 19.5 earnings per share for the current year.

EMCOR Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 30th. Stockholders of record on Monday, July 15th were given a $0.25 dividend. The ex-dividend date was Monday, July 15th. This represents a $1.00 annualized dividend and a dividend yield of 0.23%. EMCOR Group’s dividend payout ratio is 6.60%.

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

Insider Transactions at EMCOR Group

In other EMCOR Group news, Director Robin A. Walker-Lee sold 1,300 shares of the stock in a transaction 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 sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.26% of the stock is currently owned by corporate insiders.

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.