Central Pacific Bank Trust Division Invests $142,000 in EMCOR Group, Inc. (NYSE:EME)

Central Pacific Bank Trust Division purchased a new position in EMCOR Group, Inc. (NYSE:EME) in the 1st quarter, HoldingsChannel.com reports. The firm purchased 400 shares of the construction company’s stock, valued at approximately $142,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC grew its stake in shares of EMCOR Group by 89.9% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 21,688 shares of the construction company’s stock worth $7,595,000 after purchasing an additional 10,269 shares in the last quarter. Hennessy Advisors Inc. lifted its holdings in shares of EMCOR Group by 18.9% in the first quarter. Hennessy Advisors Inc. now owns 143,100 shares of the construction company’s stock valued at $50,114,000 after buying an additional 22,700 shares during the period. BNP Paribas Financial Markets lifted its holdings in shares of EMCOR Group by 92.8% in the first quarter. BNP Paribas Financial Markets now owns 102,516 shares of the construction company’s stock valued at $35,901,000 after buying an additional 49,346 shares during the period. AXS Investments LLC lifted its holdings in shares of EMCOR Group by 238.7% in the fourth quarter. AXS Investments LLC now owns 4,200 shares of the construction company’s stock valued at $905,000 after buying an additional 2,960 shares during the period. Finally, Wellington Management Group LLP acquired a new stake in shares of EMCOR Group in the fourth quarter valued at $9,565,000. Institutional investors own 92.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, DA Davidson restated a “buy” rating and issued a $375.00 price objective on shares of EMCOR Group in a report on Friday, March 22nd.

EMCOR Group Price Performance

Shares of EMCOR Group stock traded up $4.19 during trading on Wednesday, hitting $367.75. The stock had a trading volume of 26,056 shares, compared to its average volume of 464,391. The firm has a market cap of $17.28 billion, a P/E ratio of 24.00 and a beta of 1.06. The business has a fifty day moving average of $377.62 and a two-hundred day moving average of $317.38. EMCOR Group, Inc. has a fifty-two week low of $184.79 and a fifty-two week high of $401.98.

EMCOR Group (NYSE:EME) last announced its earnings results on Thursday, April 25th. The construction company reported $4.17 EPS for the quarter, beating the consensus estimate of $2.92 by $1.25. EMCOR Group had a return on equity of 30.38% and a net margin of 5.48%. The business had revenue of $3.43 billion during the quarter. As a group, research analysts forecast that EMCOR Group, Inc. will post 16.1 earnings per share for the current year.

EMCOR Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 30th. Stockholders of record on Monday, July 15th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.27%. The ex-dividend date is Monday, July 15th. EMCOR Group’s dividend payout ratio is 6.60%.

Insider Activity

In other news, Director Carol P. Lowe sold 1,245 shares of the company’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $374.23, for a total transaction of $465,916.35. Following the completion of the sale, the director now directly owns 16,807 shares of the company’s stock, valued at $6,289,683.61. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.26% of the stock is currently owned by company insiders.

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.