Kowal Investment Group LLC Makes New Investment in EMCOR Group, Inc. (NYSE:EME)

Kowal Investment Group LLC purchased a new position in shares of EMCOR Group, Inc. (NYSE:EME) during the second quarter, Holdings Channel reports. The institutional investor purchased 587 shares of the construction company’s stock, valued at approximately $214,000.

Other institutional investors have also recently made changes to their positions in the company. Avantax Advisory Services Inc. bought a new stake in shares of EMCOR Group in the 4th quarter valued at about $219,000. Janney Montgomery Scott LLC raised its stake in EMCOR Group by 1.2% in the fourth quarter. Janney Montgomery Scott LLC now owns 7,158 shares of the construction company’s stock worth $1,542,000 after buying an additional 85 shares in the last quarter. Corient Private Wealth LLC raised its stake in EMCOR Group by 449.5% in the fourth quarter. Corient Private Wealth LLC now owns 10,511 shares of the construction company’s stock worth $2,264,000 after buying an additional 8,598 shares in the last quarter. Quest Partners LLC bought a new stake in EMCOR Group during the 4th quarter valued at $275,000. Finally, Assetmark Inc. boosted its position in EMCOR Group by 43.2% during the 4th quarter. Assetmark Inc. now owns 5,606 shares of the construction company’s stock valued at $1,208,000 after acquiring an additional 1,690 shares in the last quarter. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on EME. StockNews.com cut EMCOR Group from a “strong-buy” rating to a “buy” rating in a research note on Friday. DA Davidson increased their price target on shares of EMCOR Group from $410.00 to $430.00 and gave the company a “buy” rating in a research report on Friday, July 26th.

Insider Transactions at EMCOR Group

In related news, Director Robin A. Walker-Lee sold 1,300 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at approximately $3,202,513.23. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.26% of the company’s stock.

EMCOR Group Trading Up 1.3 %

Shares of EME opened at $435.60 on Monday. EMCOR Group, Inc. has a 12 month low of $191.50 and a 12 month high of $437.10. The stock has a fifty day moving average price of $373.10 and a 200-day moving average price of $366.69. The firm has a market cap of $20.47 billion, a PE ratio of 28.73 and a beta of 1.07.

EMCOR Group (NYSE:EME) last released its quarterly earnings results on Thursday, July 25th. The construction company reported $5.25 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 during the quarter, compared to analysts’ expectations of $3.52 billion. During the same period last year, the business posted $2.95 earnings per share. The firm’s revenue was up 20.4% compared to the same quarter last year. As a group, research analysts forecast that EMCOR Group, Inc. will post 19.5 EPS for the current year.

EMCOR Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 30th. Shareholders of record on Monday, July 15th were issued a $0.25 dividend. The ex-dividend date of this dividend 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 is currently 6.60%.

EMCOR Group declared that its Board of Directors has initiated a stock repurchase program on Friday, June 7th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits 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 leadership 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.