EMCOR Group, Inc. (NYSE:EME) Stock Holdings Lessened by Marks Group Wealth Management Inc

Marks Group Wealth Management Inc reduced its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 3.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 39,396 shares of the construction company’s stock after selling 1,570 shares during the quarter. EMCOR Group makes up approximately 1.0% of Marks Group Wealth Management Inc’s portfolio, making the stock its 18th largest position. Marks Group Wealth Management Inc owned about 0.08% of EMCOR Group worth $8,487,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Illinois Municipal Retirement Fund boosted its stake in shares of EMCOR Group by 4.9% during the 4th quarter. Illinois Municipal Retirement Fund now owns 27,796 shares of the construction company’s stock valued at $5,988,000 after buying an additional 1,311 shares during the period. Monument Capital Management boosted its position in EMCOR Group by 3.4% during the fourth quarter. Monument Capital Management now owns 12,027 shares of the construction company’s stock valued at $2,591,000 after purchasing an additional 397 shares during the last quarter. Stock Yards Bank & Trust Co. purchased a new position in EMCOR Group in the fourth quarter valued at about $11,886,000. Duality Advisers LP increased its position in EMCOR Group by 15.2% in the 4th quarter. Duality Advisers LP now owns 13,825 shares of the construction company’s stock worth $2,978,000 after purchasing an additional 1,829 shares during the last quarter. Finally, Lindbrook Capital LLC raised its stake in shares of EMCOR Group by 32.5% during the 4th quarter. Lindbrook Capital LLC now owns 208 shares of the construction company’s stock worth $45,000 after purchasing an additional 51 shares in the last quarter. 92.59% of the stock is owned by hedge funds and other institutional investors.

EMCOR Group Stock Up 1.3 %

EME stock traded up $4.22 during mid-day trading on Monday, reaching $332.85. 449,831 shares of the stock traded hands, compared to its average volume of 418,996. The business has a 50-day moving average of $321.10 and a two-hundred day moving average of $252.39. EMCOR Group, Inc. has a 52 week low of $155.46 and a 52 week high of $369.53. The firm has a market capitalization of $15.66 billion, a PE ratio of 25.01 and a beta of 1.10.

EMCOR Group (NYSE:EME) last released its earnings results on Wednesday, February 28th. The construction company reported $4.47 earnings per share for the quarter, beating the consensus estimate of $3.51 by $0.96. EMCOR Group had a net margin of 5.03% and a return on equity of 28.41%. The business had revenue of $3.44 billion during the quarter, compared to analysts’ expectations of $3.36 billion. During the same quarter last year, the company earned $2.63 earnings per share. The firm’s revenue was up 16.6% on a year-over-year basis. On average, equities research analysts anticipate that EMCOR Group, Inc. will post 14.5 EPS for the current fiscal year.

EMCOR Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 16th will be given a $0.25 dividend. This is a boost from EMCOR Group’s previous quarterly dividend of $0.18. This represents a $1.00 annualized dividend and a yield of 0.30%. The ex-dividend date is Monday, April 15th. EMCOR Group’s dividend payout ratio (DPR) is 7.51%.

Analyst Ratings Changes

EME has been the subject of several recent research reports. DA Davidson reissued a “buy” rating and issued a $375.00 price target on shares of EMCOR Group in a research note on Friday, March 22nd. KeyCorp assumed coverage on shares of EMCOR Group in a research report on Wednesday, January 10th. They issued a “sector weight” rating for the company.

Insiders Place Their Bets

In other news, CEO Anthony Guzzi sold 6,000 shares of EMCOR Group stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $319.65, for a total transaction of $1,917,900.00. Following the sale, the chief executive officer now directly owns 219,023 shares in the company, valued at approximately $70,010,701.95. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.60% of the company’s stock.

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.