Leeward Investments LLC MA Cuts Stake in EMCOR Group, Inc. (NYSE:EME)

Leeward Investments LLC MA lowered its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 26.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 61,277 shares of the construction company’s stock after selling 22,209 shares during the period. EMCOR Group accounts for about 1.0% of Leeward Investments LLC MA’s investment portfolio, making the stock its 25th largest position. Leeward Investments LLC MA owned about 0.13% of EMCOR Group worth $21,459,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of EME. Allworth Financial LP grew 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 buying an additional 62 shares in the last quarter. Independence Bank of Kentucky bought a new stake in EMCOR Group in the first quarter worth $33,000. CVA Family Office LLC purchased a new stake in EMCOR Group during the fourth quarter valued at $39,000. Evermay Wealth Management LLC bought a new position in EMCOR Group during the fourth quarter valued at $39,000. Finally, Rise Advisors LLC purchased a new position in shares of EMCOR Group in the 1st quarter worth $40,000. Hedge funds and other institutional investors own 92.59% of the company’s stock.

EMCOR Group Price Performance

Shares of EMCOR Group stock traded up $14.23 on Thursday, reaching $371.09. The company had a trading volume of 381,407 shares, compared to its average volume of 465,710. The firm’s 50-day moving average price is $377.31 and its two-hundred day moving average price is $312.90. EMCOR Group, Inc. has a 1 year low of $180.63 and a 1 year high of $401.98. The firm has a market cap of $17.44 billion, a price-to-earnings ratio of 24.48 and a beta of 1.06.

EMCOR Group (NYSE:EME) last posted its quarterly earnings data on Thursday, April 25th. The construction company reported $4.17 EPS for the quarter, topping the consensus estimate of $2.92 by $1.25. EMCOR Group had a net margin of 5.48% and a return on equity of 30.38%. The company had revenue of $3.43 billion during the quarter. As a group, analysts anticipate that EMCOR Group, Inc. will post 16.1 EPS for the current year.

EMCOR Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 30th. Investors of record on Monday, July 15th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.27%. The ex-dividend date of this dividend is Monday, July 15th. EMCOR Group’s dividend payout ratio (DPR) is currently 6.60%.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

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

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.