Aigen Investment Management LP Makes New Investment in EMCOR Group, Inc. (NYSE:EME)

Aigen Investment Management LP purchased a new position in shares of EMCOR Group, Inc. (NYSE:EME) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,725 shares of the construction company’s stock, valued at approximately $587,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Allworth Financial LP grew its position in shares of EMCOR Group by 83.8% in the 4th quarter. Allworth Financial LP now owns 136 shares of the construction company’s stock valued at $29,000 after buying an additional 62 shares during the last quarter. CVA Family Office LLC acquired a new stake in EMCOR Group during the 4th quarter valued at approximately $39,000. Benjamin F. Edwards & Company Inc. raised its holdings in EMCOR Group by 182.6% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 195 shares of the construction company’s stock worth $42,000 after purchasing an additional 126 shares during the last quarter. Alaska Permanent Fund Corp acquired a new position in shares of EMCOR Group in the 4th quarter worth approximately $43,000. Finally, GAMMA Investing LLC acquired a new position in shares of EMCOR Group in the 4th quarter worth approximately $47,000. 92.59% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at EMCOR Group

In related news, CEO Anthony Guzzi sold 6,000 shares of the company’s stock in a transaction that occurred 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 transaction, 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 document filed with the SEC, which can be accessed through this link. Insiders own 1.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, DA Davidson reissued a “buy” rating and set a $375.00 target price on shares of EMCOR Group in a research note on Friday, March 22nd.

EMCOR Group Price Performance

Shares of EMCOR Group stock opened at $393.50 on Thursday. The stock’s 50-day moving average is $356.16 and its 200 day moving average is $277.59. EMCOR Group, Inc. has a one year low of $161.49 and a one year high of $395.88. The firm has a market cap of $18.49 billion, a price-to-earnings ratio of 25.62 and a beta of 1.07.

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

EMCOR Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 16th were issued a dividend of $0.25 per share. The ex-dividend date was Monday, April 15th. This represents a $1.00 annualized dividend and a dividend yield of 0.25%. This is a positive change from EMCOR Group’s previous quarterly dividend of $0.18. EMCOR Group’s dividend payout ratio is currently 6.60%.

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.