Precision Wealth Strategies LLC Cuts Stock Holdings in EMCOR Group, Inc. (NYSE:EME)

Precision Wealth Strategies LLC lowered its holdings in EMCOR Group, Inc. (NYSE:EME) by 7.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,092 shares of the construction company’s stock after selling 93 shares during the period. Precision Wealth Strategies LLC’s holdings in EMCOR Group were worth $470,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Matrix Trust Co purchased a new position in EMCOR Group in the second quarter worth $26,000. Proffitt & Goodson Inc. purchased a new position in EMCOR Group in the second quarter worth $27,000. Innealta Capital LLC purchased a new position in EMCOR Group in the second quarter worth $29,000. ORG Partners LLC purchased a new position in EMCOR Group in the second quarter worth $31,000. Finally, Independence Bank of Kentucky purchased a new position in shares of EMCOR Group during the 1st quarter valued at $33,000. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on EME shares. DA Davidson upped their price target on EMCOR Group from $410.00 to $430.00 and gave the company a “buy” rating in a research report on Friday, July 26th. StockNews.com raised EMCOR Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 9th.

EMCOR Group Stock Performance

NYSE:EME opened at $455.10 on Tuesday. EMCOR Group, Inc. has a 52-week low of $191.50 and a 52-week high of $456.16. The firm has a market cap of $21.39 billion, a price-to-earnings ratio of 30.02 and a beta of 1.07. The business’s fifty day moving average is $405.91 and its 200 day moving average is $381.45.

EMCOR Group (NYSE:EME) last released its quarterly earnings data on Thursday, July 25th. The construction company reported $5.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.76 by $1.49. EMCOR Group had a return on equity of 32.73% and a net margin of 6.01%. The company had revenue of $3.67 billion for the quarter, compared to analyst estimates of $3.52 billion. During the same period in the previous year, the company posted $2.95 EPS. The firm’s revenue for the quarter was up 20.4% compared to the same quarter last year. Equities analysts predict that EMCOR Group, Inc. will post 19.5 EPS for the current fiscal year.

EMCOR Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 30th. Investors of record on Tuesday, October 15th will be paid a dividend of $0.25 per share. The ex-dividend date is Tuesday, October 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.22%. EMCOR Group’s payout ratio is 6.60%.

Insider Activity at EMCOR Group

In other EMCOR Group news, Director Robin A. Walker-Lee sold 1,300 shares of the company’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $370.79, for a total value of $482,027.00. Following the transaction, the director now directly owns 8,637 shares in the company, valued at $3,202,513.23. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.26% of the stock is currently owned by corporate insiders.

EMCOR Group 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.