Lbp Am Sa Has $1.15 Million Position in EMCOR Group, Inc. $EME

Lbp Am Sa trimmed its position in EMCOR Group, Inc. (NYSE:EME) by 79.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,767 shares of the construction company’s stock after selling 6,895 shares during the quarter. Lbp Am Sa’s holdings in EMCOR Group were worth $1,148,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Quent Capital LLC acquired a new stake in shares of EMCOR Group during the third quarter worth $29,000. Orion Capital Management LLC bought a new position in EMCOR Group during the third quarter worth about $31,000. Tobam increased its position in EMCOR Group by 1,900.0% during the second quarter. Tobam now owns 80 shares of the construction company’s stock worth $43,000 after acquiring an additional 76 shares during the period. Twin Peaks Wealth Advisors LLC acquired a new stake in EMCOR Group in the 2nd quarter worth about $43,000. Finally, Hazlett Burt & Watson Inc. boosted its holdings in EMCOR Group by 37.5% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 110 shares of the construction company’s stock valued at $59,000 after purchasing an additional 30 shares during the period. Institutional investors own 92.59% of the company’s stock.

Insider Buying and Selling

In other news, Director Robin A. Walker-Lee sold 1,325 shares of the stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $677.22, for a total value of $897,316.50. Following the completion of the transaction, the director owned 6,140 shares of the company’s stock, valued at approximately $4,158,130.80. This represents a 17.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.26% of the company’s stock.

EMCOR Group Price Performance

NYSE EME opened at $727.02 on Thursday. The business has a fifty day moving average price of $639.76 and a two-hundred day moving average price of $638.29. EMCOR Group, Inc. has a fifty-two week low of $320.89 and a fifty-two week high of $778.64. The stock has a market capitalization of $32.55 billion, a PE ratio of 29.23 and a beta of 1.17.

EMCOR Group (NYSE:EME) last issued its quarterly earnings results on Thursday, October 30th. The construction company reported $6.57 earnings per share (EPS) for the quarter, meeting the consensus estimate of $6.57. EMCOR Group had a return on equity of 37.04% and a net margin of 6.96%.The company had revenue of $4.30 billion for the quarter, compared to analyst estimates of $4.27 billion. During the same quarter last year, the company posted $5.80 EPS. The company’s revenue for the quarter was up 16.4% compared to the same quarter last year. As a group, sell-side analysts expect that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group declared that its Board of Directors has approved a stock buyback plan on Thursday, December 18th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the construction company to buy up to 1.9% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its shares are undervalued.

EMCOR Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Wednesday, January 14th will be given a $0.40 dividend. This is a boost from EMCOR Group’s previous quarterly dividend of $0.25. This represents a $1.60 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Wednesday, January 14th. EMCOR Group’s dividend payout ratio (DPR) is presently 6.43%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Robert W. Baird set a $713.00 target price on shares of EMCOR Group in a report on Friday, October 31st. Stifel Nicolaus increased their price target on EMCOR Group from $713.00 to $754.00 and gave the stock a “buy” rating in a research report on Monday. Wall Street Zen lowered EMCOR Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 8th. Zacks Research cut EMCOR Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 19th. Finally, DA Davidson increased their target price on EMCOR Group from $725.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $698.83.

About EMCOR Group

EMCOR Group, Inc is a provider of mechanical and electrical construction, industrial and energy infrastructure, and facilities services to commercial, institutional and industrial clients. The company delivers a broad range of services that include design-build and traditional construction of mechanical, electrical and plumbing systems; ongoing facilities maintenance and operations; and specialized industrial services for sectors such as manufacturing, data centers, healthcare and utilities.

EMCOR’s service offerings encompass HVAC, plumbing, electrical installation and maintenance, fire protection, building automation and controls, commissioning, testing and balancing, and energy management solutions.