EMCOR Group (NYSE:EME) Stock Price Down 3.8%

EMCOR Group, Inc. (NYSE:EMEGet Free Report)’s share price dropped 3.8% during trading on Friday . The company traded as low as $371.00 and last traded at $371.38. Approximately 43,738 shares changed hands during mid-day trading, a decline of 90% from the average daily volume of 458,166 shares. The stock had previously closed at $385.91.

Analyst Upgrades and Downgrades

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

Read Our Latest Stock Analysis on EMCOR Group

EMCOR Group Stock Performance

The company has a fifty day moving average of $371.40 and a two-hundred day moving average of $302.14. The firm has a market capitalization of $17.62 billion, a price-to-earnings ratio of 24.06 and a beta of 1.08.

EMCOR Group (NYSE:EMEGet Free Report) last issued 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. The company had revenue of $3.43 billion during the quarter. EMCOR Group had a net margin of 5.48% and a return on equity of 30.38%. Equities analysts forecast that EMCOR Group, Inc. will post 16.1 EPS for the current year.

EMCOR Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Tuesday, April 16th were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, April 15th. This is a positive change from EMCOR Group’s previous quarterly dividend of $0.18. This represents a $1.00 annualized dividend and a yield of 0.27%. EMCOR Group’s dividend payout ratio (DPR) is 6.60%.

Insiders Place Their Bets

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

Institutional Investors Weigh In On EMCOR Group

Several hedge funds have recently added to or reduced their stakes in EME. Norges Bank bought a new position in shares of EMCOR Group during the fourth quarter valued at $153,739,000. Pacer Advisors Inc. raised its position in shares of EMCOR Group by 3,091.7% during the fourth quarter. Pacer Advisors Inc. now owns 313,998 shares of the construction company’s stock worth $67,645,000 after acquiring an additional 304,160 shares during the last quarter. Invesco Ltd. lifted its stake in shares of EMCOR Group by 40.1% in the third quarter. Invesco Ltd. now owns 919,304 shares of the construction company’s stock worth $193,412,000 after acquiring an additional 263,330 shares during the period. TimesSquare Capital Management LLC boosted its holdings in EMCOR Group by 93.4% in the fourth quarter. TimesSquare Capital Management LLC now owns 426,083 shares of the construction company’s stock valued at $91,791,000 after acquiring an additional 205,793 shares during the last quarter. Finally, Acadian Asset Management LLC lifted its position in shares of EMCOR Group by 55.6% in the 1st quarter. Acadian Asset Management LLC now owns 391,469 shares of the construction company’s stock worth $137,074,000 after purchasing an additional 139,919 shares during the period. 92.59% of the stock is currently owned by institutional investors and hedge funds.

EMCOR Group Company Profile

(Get Free Report)

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.

Featured Stories

Receive News & Ratings for EMCOR Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EMCOR Group and related companies with MarketBeat.com's FREE daily email newsletter.