Vanguard Personalized Indexing Management LLC Buys 620 Shares of EMCOR Group, Inc. (NYSE:EME)

Vanguard Personalized Indexing Management LLC grew its position in shares of EMCOR Group, Inc. (NYSE:EME) by 9.9% during the second quarter, Holdings Channel.com reports. The fund owned 6,886 shares of the construction company’s stock after purchasing an additional 620 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in EMCOR Group were worth $2,477,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in EME. Eagle Bay Advisors LLC increased its position in shares of EMCOR Group by 8.1% during the first quarter. Eagle Bay Advisors LLC now owns 456 shares of the construction company’s stock valued at $160,000 after acquiring an additional 34 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of EMCOR Group by 17.2% in the 1st quarter. GAMMA Investing LLC now owns 239 shares of the construction company’s stock worth $84,000 after buying an additional 35 shares during the last quarter. Miller Howard Investments Inc. NY grew its position in EMCOR Group by 2.2% during the second quarter. Miller Howard Investments Inc. NY now owns 2,156 shares of the construction company’s stock valued at $787,000 after buying an additional 46 shares during the period. Massmutual Trust Co. FSB ADV boosted its stake in EMCOR Group by 30.9% in the second quarter. Massmutual Trust Co. FSB ADV now owns 199 shares of the construction company’s stock valued at $73,000 after acquiring an additional 47 shares during the last quarter. Finally, Cooper Financial Group grew its position in shares of EMCOR Group by 3.7% during the 2nd quarter. Cooper Financial Group now owns 1,328 shares of the construction company’s stock valued at $485,000 after acquiring an additional 47 shares during the period. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. DA Davidson upped their price objective on EMCOR Group from $410.00 to $430.00 and gave the company a “buy” rating in a research note on Friday, July 26th. StockNews.com cut EMCOR Group from a “strong-buy” rating to a “buy” rating in a research report on Friday.

EMCOR Group Trading Up 1.3 %

EME opened at $435.69 on Friday. The company has a 50 day moving average of $373.10 and a 200 day moving average of $366.11. EMCOR Group, Inc. has a 12 month low of $191.50 and a 12 month high of $437.10. The company has a market cap of $20.48 billion, a PE ratio of 28.74 and a beta of 1.07.

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. Research analysts forecast that EMCOR Group, Inc. will post 19.5 earnings per share for the current fiscal year.

EMCOR Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 30th. Stockholders of record on Monday, July 15th were given a $0.25 dividend. The ex-dividend date was Monday, July 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.23%. EMCOR Group’s dividend payout ratio (DPR) is currently 6.60%.

EMCOR Group declared that its board has authorized a stock buyback program on Friday, June 7th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the construction company to repurchase up to 2.8% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

Insider Buying and Selling at EMCOR Group

In other news, Director Robin A. Walker-Lee sold 1,300 shares of the company’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $370.79, for a total value of $482,027.00. Following the transaction, the director now owns 8,637 shares of the company’s stock, valued at $3,202,513.23. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 1.26% of the company’s stock.

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.