Norden Group LLC Sells 394 Shares of EMCOR Group, Inc. (NYSE:EME)

Norden Group LLC reduced its stake in EMCOR Group, Inc. (NYSE:EME) by 11.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,133 shares of the construction company’s stock after selling 394 shares during the period. Norden Group LLC’s holdings in EMCOR Group were worth $675,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of EME. AE Wealth Management LLC bought a new stake in EMCOR Group in the 3rd quarter valued at $295,000. Exchange Traded Concepts LLC increased its holdings in EMCOR Group by 93.2% in the 3rd quarter. Exchange Traded Concepts LLC now owns 2,003 shares of the construction company’s stock valued at $421,000 after acquiring an additional 966 shares during the last quarter. Commonwealth Equity Services LLC increased its holdings in EMCOR Group by 4.5% in the 3rd quarter. Commonwealth Equity Services LLC now owns 4,795 shares of the construction company’s stock valued at $1,009,000 after acquiring an additional 206 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in EMCOR Group by 55.0% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 2,402 shares of the construction company’s stock valued at $505,000 after acquiring an additional 852 shares during the last quarter. Finally, Arlington Trust Co LLC bought a new stake in EMCOR Group in the 3rd quarter valued at $35,000. 92.59% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on EME shares. KeyCorp started coverage on shares of EMCOR Group in a report on Wednesday, January 10th. They issued a “sector weight” rating on the stock. DA Davidson restated a “buy” rating and issued a $375.00 target price on shares of EMCOR Group in a report on Friday, March 22nd.

EMCOR Group Stock Down 1.8 %

EMCOR Group stock opened at $357.15 on Wednesday. The company’s 50-day moving average price is $333.10 and its 200-day moving average price is $258.45. EMCOR Group, Inc. has a twelve month low of $161.49 and a twelve month high of $369.53. The company has a market cap of $16.79 billion, a PE ratio of 23.56 and a beta of 1.10.

EMCOR Group (NYSE:EME) last posted its earnings results on Thursday, April 25th. The construction company reported $4.17 earnings per share for the quarter, topping analysts’ consensus estimates of $2.92 by $1.25. EMCOR Group had a net margin of 5.48% and a return on equity of 30.38%. The firm had revenue of $3.43 billion for the quarter. As a group, sell-side analysts expect that EMCOR Group, Inc. will post 16.1 earnings per share for the current fiscal year.

EMCOR Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Tuesday, April 16th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.28%. This is an increase from EMCOR Group’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Monday, April 15th. EMCOR Group’s dividend payout ratio is presently 6.60%.

Insider Buying and Selling at EMCOR Group

In other EMCOR Group news, CEO Anthony Guzzi sold 6,000 shares of the business’s 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 directly owns 219,023 shares of the company’s stock, valued at approximately $70,010,701.95. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.60% of the stock is 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.