Benjamin Edwards Inc. Has $340,000 Stake in EMCOR Group, Inc. (NYSE:EME)

Benjamin Edwards Inc. grew its position in EMCOR Group, Inc. (NYSE:EME) by 11.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,577 shares of the construction company’s stock after purchasing an additional 158 shares during the quarter. Benjamin Edwards Inc.’s holdings in EMCOR Group were worth $340,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Nordea Investment Management AB grew its position in shares of EMCOR Group by 10.7% in the fourth quarter. Nordea Investment Management AB now owns 101,220 shares of the construction company’s stock valued at $21,880,000 after purchasing an additional 9,752 shares during the last quarter. Asset Management One Co. Ltd. acquired a new position in shares of EMCOR Group in the fourth quarter valued at approximately $992,000. Federated Hermes Inc. boosted its stake in shares of EMCOR Group by 20.1% in the fourth quarter. Federated Hermes Inc. now owns 102,556 shares of the construction company’s stock valued at $22,094,000 after buying an additional 17,188 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of EMCOR Group by 1.1% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 260,308 shares of the construction company’s stock valued at $56,078,000 after buying an additional 2,880 shares during the period. Finally, Knights of Columbus Asset Advisors LLC bought a new stake in shares of EMCOR Group in the fourth quarter valued at approximately $4,054,000. Institutional investors and hedge funds own 92.59% of the company’s stock.

Insiders Place Their Bets

In other EMCOR Group news, CEO Anthony Guzzi sold 6,000 shares of the company’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $319.65, for a total transaction of $1,917,900.00. Following the completion of the sale, the chief executive officer now directly owns 219,023 shares in the company, valued at $70,010,701.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.60% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. DA Davidson reiterated a “buy” rating and issued a $375.00 price target on shares of EMCOR Group in a research note on Friday, March 22nd. KeyCorp assumed coverage on EMCOR Group in a research note on Wednesday, January 10th. They issued a “sector weight” rating for the company.

EMCOR Group Stock Performance

Shares of EME stock traded up $7.48 during trading on Friday, hitting $363.77. The company had a trading volume of 330,998 shares, compared to its average volume of 480,061. The stock’s 50-day moving average price is $338.99 and its 200 day moving average price is $260.92. EMCOR Group, Inc. has a one year low of $161.49 and a one year high of $369.53. The firm has a market capitalization of $17.10 billion, a P/E ratio of 23.99 and a beta of 1.07.

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, topping the consensus estimate of $2.92 by $1.25. EMCOR Group had a return on equity of 30.38% and a net margin of 5.48%. The firm had revenue of $3.43 billion during the quarter. On average, research analysts anticipate that EMCOR Group, Inc. will post 16.1 earnings per share for the current fiscal year.

EMCOR Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 16th were paid a dividend of $0.25 per share. The ex-dividend date was Monday, April 15th. This is a boost from EMCOR Group’s previous quarterly dividend of $0.18. This represents a $1.00 annualized dividend and a yield of 0.27%. EMCOR Group’s dividend payout ratio is presently 6.60%.

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.