Counterpoint Mutual Funds LLC Makes New Investment in EMCOR Group, Inc. (NYSE:EME)

Counterpoint Mutual Funds LLC acquired a new stake in shares of EMCOR Group, Inc. (NYSE:EME) during the first quarter, Holdings Channel.com reports. The firm acquired 1,863 shares of the construction company’s stock, valued at approximately $652,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Rise Advisors LLC purchased a new position in shares of EMCOR Group during the first quarter valued at approximately $40,000. Northwest Investment Counselors LLC bought a new stake in shares of EMCOR Group during the 1st quarter worth approximately $40,000. Allworth Financial LP boosted its holdings in EMCOR Group by 83.8% during the 4th quarter. Allworth Financial LP now owns 136 shares of the construction company’s stock valued at $29,000 after acquiring an additional 62 shares during the period. CVA Family Office LLC bought a new position in EMCOR Group in the 4th quarter valued at $39,000. Finally, Evermay Wealth Management LLC purchased a new stake in EMCOR Group in the fourth quarter worth $39,000. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, DA Davidson restated a “buy” rating and issued a $375.00 price target on shares of EMCOR Group in a report on Friday, March 22nd.

Insider Buying and Selling

In other news, Director Carol P. Lowe sold 1,245 shares of EMCOR Group stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $374.23, for a total transaction of $465,916.35. Following the completion of the transaction, the director now directly owns 16,807 shares of the company’s stock, valued at approximately $6,289,683.61. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.26% of the stock is owned by corporate insiders.

EMCOR Group Stock Down 2.7 %

Shares of NYSE EME traded down $10.23 during mid-day trading on Wednesday, reaching $368.30. 625,462 shares of the company were exchanged, compared to its average volume of 466,213. EMCOR Group, Inc. has a 1 year low of $177.96 and a 1 year high of $401.98. The firm has a 50-day moving average of $373.89 and a 200 day moving average of $307.34. The stock has a market cap of $17.31 billion, a price-to-earnings ratio of 24.29 and a beta of 1.08.

EMCOR Group (NYSE:EME) last announced 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 for the quarter. On average, equities analysts forecast that EMCOR Group, Inc. will post 16.1 earnings per share for the current year.

EMCOR Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 16th were paid a $0.25 dividend. 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. This represents a $1.00 dividend on an annualized basis and a dividend 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.