HighPoint Advisor Group LLC Acquires 32 Shares of EMCOR Group, Inc. (NYSE:EME)

HighPoint Advisor Group LLC raised its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 4.1% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 804 shares of the construction company’s stock after acquiring an additional 32 shares during the period. HighPoint Advisor Group LLC’s holdings in EMCOR Group were worth $359,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Summit Securities Group LLC purchased a new stake in EMCOR Group in the fourth quarter worth approximately $45,000. SJS Investment Consulting Inc. lifted its holdings in shares of EMCOR Group by 494.7% during the 4th quarter. SJS Investment Consulting Inc. now owns 113 shares of the construction company’s stock valued at $51,000 after buying an additional 94 shares during the period. MassMutual Private Wealth & Trust FSB boosted its stake in shares of EMCOR Group by 14.4% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 199 shares of the construction company’s stock worth $90,000 after buying an additional 25 shares during the last quarter. Physician Wealth Advisors Inc. purchased a new position in shares of EMCOR Group in the 4th quarter worth $126,000. Finally, Whittier Trust Co. grew its holdings in shares of EMCOR Group by 40.2% in the fourth quarter. Whittier Trust Co. now owns 279 shares of the construction company’s stock worth $127,000 after acquiring an additional 80 shares during the period. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Analyst Upgrades and Downgrades

EME has been the topic of several research reports. Stifel Nicolaus dropped their target price on EMCOR Group from $600.00 to $514.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. StockNews.com downgraded shares of EMCOR Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 25th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to data from MarketBeat.com, EMCOR Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $497.25.

Insider Activity at EMCOR Group

In other EMCOR Group news, CAO Maxine Lum Mauricio sold 1,250 shares of the stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $370.07, for a total value of $462,587.50. Following the completion of the sale, the chief accounting officer now owns 27,642 shares in the company, valued at approximately $10,229,474.94. This represents a 4.33 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.26% of the stock is owned by corporate insiders.

EMCOR Group Stock Performance

NYSE EME opened at $384.89 on Thursday. The business’s fifty day moving average is $415.38 and its 200 day moving average is $451.06. The company has a market capitalization of $17.50 billion, a PE ratio of 19.55 and a beta of 1.14. 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 quarterly earnings data on Wednesday, February 26th. The construction company reported $6.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.53 by $0.79. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. The company had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $3.81 billion. On average, sell-side analysts forecast that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Thursday, January 16th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, January 16th. This represents a $1.00 annualized dividend and a dividend yield of 0.26%. EMCOR Group’s payout ratio is 4.64%.

EMCOR Group announced that its board has initiated a stock repurchase program on Wednesday, February 26th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the construction company to reacquire up to 2.6% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.

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.