EP Wealth Advisors LLC bought a new position in EMCOR Group, Inc. (NYSE:EME – Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,030 shares of the construction company’s stock, valued at approximately $855,000.
A number of other large investors have also recently bought and sold shares of EME. North Dakota State Investment Board bought a new stake in shares of EMCOR Group during the 4th quarter worth about $928,000. Thrivent Financial for Lutherans raised its stake in shares of EMCOR Group by 663.4% in the 4th quarter. Thrivent Financial for Lutherans now owns 113,562 shares of the construction company’s stock valued at $69,476,000 after acquiring an additional 98,687 shares in the last quarter. Chase Investment Counsel Corp raised its stake in shares of EMCOR Group by 152.1% in the 4th quarter. Chase Investment Counsel Corp now owns 2,849 shares of the construction company’s stock valued at $1,742,000 after acquiring an additional 1,719 shares in the last quarter. Passumpsic Savings Bank acquired a new stake in EMCOR Group in the 4th quarter worth approximately $1,726,000. Finally, Spectrum Strategic Capital Management LLC acquired a new stake in shares of EMCOR Group in the fourth quarter worth $970,000. 92.59% of the stock is currently owned by institutional investors.
EMCOR Group Trading Up 0.1%
EME opened at $777.68 on Monday. EMCOR Group, Inc. has a 1-year low of $564.92 and a 1-year high of $951.96. The firm has a 50-day moving average price of $797.37 and a two-hundred day moving average price of $800.94. The stock has a market capitalization of $34.30 billion, a PE ratio of 24.19 and a beta of 1.14.
EMCOR Group Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Wednesday, July 15th. EMCOR Group’s payout ratio is presently 4.98%.
Analysts Set New Price Targets
Several analysts recently weighed in on EME shares. UBS Group increased their target price on EMCOR Group from $975.00 to $1,065.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Stifel Nicolaus set a $918.00 price target on shares of EMCOR Group in a report on Thursday, April 30th. Cantor Fitzgerald lowered their price target on EMCOR Group from $1,123.00 to $1,047.00 and set an “overweight” rating on the stock in a research note on Monday, August 10th. Wall Street Zen upgraded shares of EMCOR Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Finally, DA Davidson set a $1,047.00 target price on EMCOR Group in a report on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, EMCOR Group presently has an average rating of “Buy” and a consensus price target of $965.86.
View Our Latest Research Report on EMCOR Group
Insider Activity at EMCOR Group
In other news, Director Carol P. Lowe sold 950 shares of the company’s stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $844.50, for a total value of $802,275.00. Following the completion of the sale, the director directly owned 17,278 shares of the company’s stock, valued at $14,591,271. This represents a 5.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.73% of the stock is currently owned by company insiders.
EMCOR Group Company Profile
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.
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