977 Shares in EMCOR Group, Inc. (NYSE:EME) Bought by Linden Thomas Advisory Services LLC

Linden Thomas Advisory Services LLC acquired a new position in EMCOR Group, Inc. (NYSE:EME) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 977 shares of the construction company’s stock, valued at approximately $210,000.

A number of other large investors have also recently bought and sold shares of the business. Modus Advisors LLC boosted its holdings in EMCOR Group by 2.0% in the fourth quarter. Modus Advisors LLC now owns 2,503 shares of the construction company’s stock worth $539,000 after purchasing an additional 49 shares in the last quarter. Daiwa Securities Group Inc. boosted its holdings in EMCOR Group by 0.4% in the fourth quarter. Daiwa Securities Group Inc. now owns 14,150 shares of the construction company’s stock worth $3,049,000 after purchasing an additional 50 shares in the last quarter. Lindbrook Capital LLC boosted its holdings in EMCOR Group by 32.5% in the fourth quarter. Lindbrook Capital LLC now owns 208 shares of the construction company’s stock worth $45,000 after purchasing an additional 51 shares in the last quarter. Synovus Financial Corp boosted its holdings in EMCOR Group by 1.0% in the third quarter. Synovus Financial Corp now owns 6,072 shares of the construction company’s stock worth $1,277,000 after purchasing an additional 62 shares in the last quarter. Finally, Allworth Financial LP boosted its holdings in EMCOR Group by 83.8% in the fourth quarter. Allworth Financial LP now owns 136 shares of the construction company’s stock worth $29,000 after purchasing an additional 62 shares in the last quarter. 92.59% of the stock is currently owned by institutional investors.

Insider Activity at EMCOR Group

In related news, CEO Anthony Guzzi sold 6,000 shares of the stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 219,023 shares in the company, valued at $70,010,701.95. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.60% of the stock is owned by corporate insiders.

EMCOR Group Price Performance

EME stock opened at $353.96 on Friday. EMCOR Group, Inc. has a 52-week low of $161.49 and a 52-week high of $369.53. The company has a 50-day moving average of $328.76 and a two-hundred day moving average of $255.59. The stock has a market capitalization of $16.64 billion, a price-to-earnings ratio of 23.35 and a beta of 1.10.

EMCOR Group (NYSE:EME) last released its earnings results on Thursday, April 25th. The construction company reported $4.17 earnings per share for the quarter, beating the consensus estimate of $2.92 by $1.25. EMCOR Group had a net margin of 5.48% and a return on equity of 30.38%. The business had revenue of $3.43 billion during the quarter. Equities analysts expect that EMCOR Group, Inc. will post 16 EPS for the current fiscal year.

EMCOR Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 16th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.28%. The ex-dividend date is Monday, April 15th. This is a boost from EMCOR Group’s previous quarterly dividend of $0.18. EMCOR Group’s dividend payout ratio (DPR) is presently 6.60%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. KeyCorp assumed coverage on shares of EMCOR Group in a report on Wednesday, January 10th. They set a “sector weight” rating for the company. DA Davidson restated a “buy” rating and set a $375.00 price target on shares of EMCOR Group in a report on Friday, March 22nd.

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.