EMCOR Group, Inc. (NYSE:EME) Shares Bought by Kowal Investment Group LLC

Kowal Investment Group LLC boosted its position in EMCOR Group, Inc. (NYSE:EME) by 59.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 937 shares of the construction company’s stock after acquiring an additional 350 shares during the quarter. Kowal Investment Group LLC’s holdings in EMCOR Group were worth $403,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC lifted its holdings in EMCOR Group by 89.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 21,688 shares of the construction company’s stock worth $7,595,000 after buying an additional 10,269 shares during the last quarter. Hennessy Advisors Inc. raised its holdings in shares of EMCOR Group by 18.9% during the first quarter. Hennessy Advisors Inc. now owns 143,100 shares of the construction company’s stock worth $50,114,000 after acquiring an additional 22,700 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in EMCOR Group by 92.8% in the first quarter. BNP Paribas Financial Markets now owns 102,516 shares of the construction company’s stock valued at $35,901,000 after acquiring an additional 49,346 shares during the last quarter. Wellington Management Group LLP bought a new stake in shares of EMCOR Group during the 4th quarter worth about $9,565,000. Finally, BTC Capital Management Inc. acquired a new position in EMCOR Group in the 1st quarter valued at $701,000. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

EMCOR Group Trading Up 0.5 %

NYSE EME opened at $447.29 on Thursday. The company has a market capitalization of $21.02 billion, a PE ratio of 29.50 and a beta of 1.07. The stock has a 50-day simple moving average of $400.02 and a 200 day simple moving average of $379.27. EMCOR Group, Inc. has a 12 month low of $191.50 and a 12 month high of $454.84.

EMCOR Group (NYSE:EME) last announced its earnings results on Thursday, July 25th. The construction company reported $5.25 EPS for the quarter, topping the consensus estimate of $3.76 by $1.49. The business had revenue of $3.67 billion during the quarter, compared to analysts’ expectations of $3.52 billion. EMCOR Group had a net margin of 6.01% and a return on equity of 32.73%. The firm’s revenue was up 20.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.95 earnings per share. As a group, sell-side analysts predict that EMCOR Group, Inc. will post 19.5 earnings per share for the current fiscal year.

EMCOR Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 30th. Investors of record on Tuesday, October 15th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.22%. The ex-dividend date is Tuesday, October 15th. EMCOR Group’s payout ratio is 6.60%.

Insider Activity

In other news, Director Robin A. Walker-Lee sold 1,300 shares of the company’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $370.79, for a total transaction of $482,027.00. Following the completion of the sale, the director now directly owns 8,637 shares in the company, valued at approximately $3,202,513.23. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.26% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on EME shares. StockNews.com raised shares of EMCOR Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 9th. DA Davidson boosted their target price on shares of EMCOR Group from $410.00 to $430.00 and gave the company a “buy” rating in a research note on Friday, July 26th.

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.