Yousif Capital Management LLC Sells 181 Shares of EMCOR Group, Inc. (NYSE:EME)

Yousif Capital Management LLC trimmed its position in EMCOR Group, Inc. (NYSE:EME) by 0.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 23,135 shares of the construction company’s stock after selling 181 shares during the quarter. Yousif Capital Management LLC’s holdings in EMCOR Group were worth $4,984,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in EME. 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. Arlington Trust Co LLC bought a new stake in shares of EMCOR Group during the third quarter worth $35,000. CVA Family Office LLC bought a new stake in shares of EMCOR Group during the fourth quarter worth $39,000. Cullen Frost Bankers Inc. bought a new stake in shares of EMCOR Group during the third quarter worth $42,000. Finally, Lindbrook Capital LLC grew its stake in shares of EMCOR Group by 32.5% during the fourth quarter. Lindbrook Capital LLC now owns 208 shares of the construction company’s stock worth $45,000 after buying an additional 51 shares during the last quarter. 92.59% of the stock is owned by institutional investors.

Insider Activity at EMCOR Group

In related news, CEO Anthony Guzzi sold 6,000 shares of the business’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $319.65, for a total value of $1,917,900.00. Following the transaction, the chief executive officer now owns 219,023 shares in the company, valued at $70,010,701.95. The transaction was disclosed in a document filed with the SEC, which is available through this link. 1.60% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on EME. DA Davidson reaffirmed a “buy” rating and set a $375.00 target price on shares of EMCOR Group in a research note on Friday, March 22nd. KeyCorp began coverage on shares of EMCOR Group in a research note on Wednesday, January 10th. They set a “sector weight” rating on the stock.

EMCOR Group Stock Up 3.0 %

Shares of EMCOR Group stock opened at $349.06 on Friday. EMCOR Group, Inc. has a twelve month low of $155.46 and a twelve month high of $369.53. The stock has a market cap of $16.43 billion, a price-to-earnings ratio of 26.23 and a beta of 1.10. The company’s fifty day moving average is $326.74 and its 200 day moving average is $254.57.

EMCOR Group (NYSE:EME) last issued its quarterly earnings data on Thursday, April 25th. The construction company reported $4.17 earnings per share for the quarter, topping the consensus estimate of $2.92 by $1.25. EMCOR Group had a net margin of 5.03% and a return on equity of 28.41%. The company had revenue of $3.43 billion for the quarter. As a group, equities analysts anticipate that EMCOR Group, Inc. will post 14.5 earnings per share for the current fiscal year.

EMCOR Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 16th will be issued a $0.25 dividend. This is a positive change from EMCOR Group’s previous quarterly dividend of $0.18. The ex-dividend date is Monday, April 15th. This represents a $1.00 annualized dividend and a yield of 0.29%. EMCOR Group’s payout ratio is presently 7.51%.

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.