Oliver Luxxe Assets LLC Purchases 71 Shares of EMCOR Group, Inc. (NYSE:EME)

Oliver Luxxe Assets LLC grew its holdings in EMCOR Group, Inc. (NYSE:EME) by 1.5% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,710 shares of the construction company’s stock after buying an additional 71 shares during the quarter. Oliver Luxxe Assets LLC’s holdings in EMCOR Group were worth $1,649,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Hennessy Advisors Inc. grew its holdings in shares of EMCOR Group by 18.9% in the 1st quarter. Hennessy Advisors Inc. now owns 143,100 shares of the construction company’s stock worth $50,114,000 after purchasing an additional 22,700 shares during the last quarter. AXS Investments LLC boosted its stake in EMCOR Group by 238.7% in the fourth quarter. AXS Investments LLC now owns 4,200 shares of the construction company’s stock worth $905,000 after purchasing an additional 2,960 shares in the last quarter. Wellington Management Group LLP bought a new stake in shares of EMCOR Group during the fourth quarter worth $9,565,000. Nordea Investment Management AB increased its stake 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 buying an additional 9,752 shares in the last quarter. Finally, BTC Capital Management Inc. bought a new position in shares of EMCOR Group in the first quarter valued at about $701,000. 92.59% of the stock is owned by institutional investors.

Insider Buying and Selling at EMCOR Group

In other news, Director Carol P. Lowe sold 1,245 shares of EMCOR Group stock in a transaction 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 transaction, the director now directly owns 16,807 shares of the company’s stock, valued at $6,289,683.61. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 1.26% of the company’s stock.

EMCOR Group Stock Down 0.8 %

EME stock traded down $2.97 during midday trading on Monday, reaching $362.11. The stock had a trading volume of 235,861 shares, compared to its average volume of 467,905. EMCOR Group, Inc. has a twelve month low of $180.63 and a twelve month high of $401.98. The firm has a market cap of $17.02 billion, a price-to-earnings ratio of 24.08 and a beta of 1.06. The business has a fifty day simple moving average of $375.31 and a two-hundred day simple moving average of $310.10.

EMCOR Group (NYSE:EME) last posted its quarterly 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 business had revenue of $3.43 billion during the quarter. On average, equities analysts predict that EMCOR Group, Inc. will post 16.1 earnings per share for the current fiscal year.

EMCOR Group Increases Dividend

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

Analysts Set New Price Targets

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

EMCOR Group 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.