Paragon Capital Management Inc. Takes $1.20 Million Position in EMCOR Group, Inc. (NYSE:EME)

Paragon Capital Management Inc. purchased a new position in shares of EMCOR Group, Inc. (NYSE:EME) during the first quarter, Holdings Channel.com reports. The fund purchased 3,247 shares of the construction company’s stock, valued at approximately $1,200,000.

Other hedge funds also recently added to or reduced their stakes in the company. Petra Financial Advisors Inc. boosted its holdings in shares of EMCOR Group by 1.4% during the fourth quarter. Petra Financial Advisors Inc. now owns 1,739 shares of the construction company’s stock worth $789,000 after acquiring an additional 24 shares during the period. True Wealth Design LLC increased its holdings in shares of EMCOR Group by 24.3% during the fourth quarter. True Wealth Design LLC now owns 133 shares of the construction company’s stock worth $60,000 after purchasing an additional 26 shares during the period. GeoWealth Management LLC grew its position in EMCOR Group by 12.4% during the fourth quarter. GeoWealth Management LLC now owns 253 shares of the construction company’s stock worth $115,000 after buying an additional 28 shares in the last quarter. Continuum Advisory LLC increased its position in shares of EMCOR Group by 53.7% in the fourth quarter. Continuum Advisory LLC now owns 83 shares of the construction company’s stock worth $38,000 after purchasing an additional 29 shares during the period. Finally, HighPoint Advisor Group LLC grew its stake in EMCOR Group by 4.1% during the fourth quarter. HighPoint Advisor Group LLC now owns 804 shares of the construction company’s stock worth $359,000 after buying an additional 32 shares in the last quarter. 92.59% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Anthony Guzzi sold 7,000 shares of the company’s stock in a transaction dated 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 owns 208,989 shares of the company’s stock, valued at $91,125,473.67. This represents a 3.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Robin A. Walker-Lee sold 947 shares of the firm’s stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $412.83, for a total transaction of $390,950.01. Following the transaction, the director now directly owns 7,094 shares of the company’s stock, valued at $2,928,616.02. The trade was a 11.78% 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 Stock Up 1.9%

EME stock opened at $512.18 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.14 and a current ratio of 1.16. The business’s 50 day moving average price is $452.94 and its two-hundred day moving average price is $438.96. The company has a market capitalization of $22.93 billion, a price-to-earnings ratio of 22.63 and a beta of 1.23. EMCOR Group, Inc. has a fifty-two week low of $319.49 and a fifty-two week high of $545.30.

EMCOR Group (NYSE:EME) last announced its earnings results on Wednesday, April 30th. The construction company reported $5.41 earnings per share for the quarter, beating analysts’ consensus estimates of $4.57 by $0.84. EMCOR Group had a net margin of 7.00% and a return on equity of 37.12%. The business 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 business earned $4.17 EPS. The company’s quarterly revenue was up 12.7% compared to the same quarter last year. As a group, analysts forecast that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Thursday, April 17th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, April 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.20%. EMCOR Group’s dividend payout ratio (DPR) is presently 4.42%.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Stifel Nicolaus cut their target price 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. UBS Group began coverage on EMCOR Group in a report on Friday, June 13th. They set a “buy” rating and a $570.00 price objective for the company. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $509.60.

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.