Silver Oak Securities Incorporated Purchases Shares of 2,366 EMCOR Group, Inc. (NYSE:EME)

Silver Oak Securities Incorporated bought a new position in shares of EMCOR Group, Inc. (NYSE:EME) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 2,366 shares of the construction company’s stock, valued at approximately $878,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Institute for Wealth Management LLC. acquired a new stake in EMCOR Group during the first quarter valued at approximately $380,000. State of Alaska Department of Revenue grew its holdings in shares of EMCOR Group by 2.7% in the 1st quarter. State of Alaska Department of Revenue now owns 5,387 shares of the construction company’s stock worth $1,991,000 after acquiring an additional 140 shares during the last quarter. CWA Asset Management Group LLC raised its position in shares of EMCOR Group by 218.4% during the first quarter. CWA Asset Management Group LLC now owns 6,798 shares of the construction company’s stock worth $2,513,000 after purchasing an additional 4,663 shares during the period. Mayfair Advisory Group LLC raised its position in shares of EMCOR Group by 45.3% during the first quarter. Mayfair Advisory Group LLC now owns 670 shares of the construction company’s stock worth $248,000 after purchasing an additional 209 shares during the period. Finally, Mezzasalma Advisors LLC increased its position in shares of EMCOR Group by 3.7% in the first quarter. Mezzasalma Advisors LLC now owns 11,886 shares of the construction company’s stock worth $4,393,000 after acquiring an additional 428 shares in the last quarter. 92.59% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. UBS Group started coverage on EMCOR Group in a report on Friday, June 13th. They issued a “buy” rating and a $570.00 target price for the company. Stifel Nicolaus lowered their price objective on shares of EMCOR Group from $514.00 to $503.00 and set a “buy” rating on the stock in a research report on Thursday, May 1st. Finally, Wall Street Zen lowered shares of EMCOR Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 25th. One analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $509.60.

Insider Buying and Selling

In other EMCOR Group news, Director Robin A. Walker-Lee sold 947 shares of the stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $412.83, for a total transaction of $390,950.01. Following the completion of the transaction, the director now directly owns 7,094 shares in the company, valued at $2,928,616.02. This represents a 11.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Anthony Guzzi sold 7,000 shares of the business’s stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $436.03, for a total value of $3,052,210.00. Following the completion of the transaction, the chief executive officer now directly owns 208,989 shares in the company, valued at $91,125,473.67. The trade was a 3.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.83% of the stock is owned by company insiders.

EMCOR Group Price Performance

Shares of EMCOR Group stock opened at $485.38 on Thursday. The firm has a fifty day simple moving average of $441.95 and a 200-day simple moving average of $439.53. EMCOR Group, Inc. has a 1-year low of $319.49 and a 1-year high of $545.30. The stock has a market capitalization of $21.73 billion, a price-to-earnings ratio of 21.45 and a beta of 1.23. The company has a current ratio of 1.16, a quick ratio of 1.14 and a debt-to-equity ratio of 0.08.

EMCOR Group (NYSE:EME) last issued its quarterly earnings results on Wednesday, April 30th. The construction company reported $5.41 EPS for the quarter, topping analysts’ consensus estimates of $4.57 by $0.84. EMCOR Group had a return on equity of 37.12% and a net margin of 7.00%. The company had revenue of $3.87 billion during the quarter, compared to analyst estimates of $3.78 billion. During the same period in the previous year, the company earned $4.17 earnings per share. The company’s quarterly revenue was up 12.7% compared to the same quarter last year. On average, sell-side analysts expect that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Thursday, April 17th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.21%. The ex-dividend date of this dividend was Thursday, April 17th. EMCOR Group’s dividend payout ratio (DPR) is presently 4.42%.

EMCOR Group declared that its Board of Directors has initiated a share buyback plan on Wednesday, February 26th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the construction company to reacquire up to 2.6% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.

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.