Cwm LLC Sells 44 Shares of EMCOR Group, Inc. (NYSE:EME)

Cwm LLC lowered its holdings in shares of EMCOR Group, Inc. (NYSE:EME) by 4.6% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 923 shares of the construction company’s stock after selling 44 shares during the period. Cwm LLC’s holdings in EMCOR Group were worth $199,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of EME. Fuller & Thaler Asset Management Inc. boosted its stake in shares of EMCOR Group by 41.0% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 1,068,555 shares of the construction company’s stock worth $224,813,000 after acquiring an additional 310,718 shares during the period. Pacer Advisors Inc. lifted its holdings in EMCOR Group by 3,091.7% during the 4th quarter. Pacer Advisors Inc. now owns 313,998 shares of the construction company’s stock valued at $67,645,000 after purchasing an additional 304,160 shares during the last quarter. Invesco Ltd. boosted its position in EMCOR Group by 40.1% during the third quarter. Invesco Ltd. now owns 919,304 shares of the construction company’s stock worth $193,412,000 after purchasing an additional 263,330 shares during the period. FMR LLC increased its holdings in shares of EMCOR Group by 7.3% in the third quarter. FMR LLC now owns 3,551,683 shares of the construction company’s stock valued at $747,239,000 after purchasing an additional 241,920 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of EMCOR Group by 155.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 325,625 shares of the construction company’s stock valued at $68,509,000 after purchasing an additional 198,214 shares during the last quarter. Institutional investors and hedge funds own 92.59% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on EME. DA Davidson restated a “buy” rating and set a $375.00 target price on shares of EMCOR Group in a research note on Friday, March 22nd. KeyCorp began coverage on EMCOR Group in a report on Wednesday, January 10th. They set a “sector weight” rating for the company.

EMCOR Group Price Performance

EME stock opened at $363.77 on Friday. EMCOR Group, Inc. has a fifty-two week low of $161.49 and a fifty-two week high of $369.53. The stock has a market capitalization of $17.10 billion, a price-to-earnings ratio of 24.00 and a beta of 1.07. The business’s fifty day moving average price is $338.99 and its two-hundred day moving average price is $261.30.

EMCOR Group (NYSE:EME) last released its quarterly earnings results on Thursday, April 25th. The construction company reported $4.17 EPS for the quarter, beating 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 business had revenue of $3.43 billion for the quarter. Research analysts expect that EMCOR Group, Inc. will post 16.1 EPS for the current year.

EMCOR Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 16th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.27%. 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. EMCOR Group’s payout ratio is presently 6.60%.

Insider Activity at EMCOR Group

In other EMCOR Group news, CEO Anthony Guzzi sold 6,000 shares of EMCOR Group stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $319.65, for a total value of $1,917,900.00. Following the completion of 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.60% of the stock is currently owned by corporate insiders.

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.