Xponance Inc. Grows Stock Holdings in EMCOR Group, Inc. (NYSE:EME)

Xponance Inc. raised its holdings in EMCOR Group, Inc. (NYSE:EME) by 28.9% during the second quarter, Holdings Channel reports. The institutional investor owned 9,048 shares of the construction company’s stock after buying an additional 2,026 shares during the period. Xponance Inc.’s holdings in EMCOR Group were worth $3,303,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Bank of Montreal Can lifted its stake in EMCOR Group by 56.2% during the second quarter. Bank of Montreal Can now owns 12,179 shares of the construction company’s stock worth $4,708,000 after purchasing an additional 4,380 shares during the last quarter. Magnetar Financial LLC purchased a new position in EMCOR Group in the second quarter valued at approximately $2,877,000. DRW Securities LLC acquired a new stake in EMCOR Group during the second quarter worth approximately $1,096,000. Fidelis Capital Partners LLC lifted its position in shares of EMCOR Group by 24.6% during the 2nd quarter. Fidelis Capital Partners LLC now owns 1,135 shares of the construction company’s stock worth $395,000 after buying an additional 224 shares during the last quarter. Finally, Holderness Investments Co. lifted its position in shares of EMCOR Group by 37.8% during the 2nd quarter. Holderness Investments Co. now owns 1,674 shares of the construction company’s stock worth $611,000 after buying an additional 459 shares during the last quarter. 92.59% of the stock is owned by hedge funds and other institutional investors.

EMCOR Group Trading Up 0.4 %

EME stock opened at $435.23 on Thursday. The company has a market capitalization of $20.45 billion, a P/E ratio of 28.71 and a beta of 1.07. The business has a 50 day simple moving average of $376.53 and a 200-day simple moving average of $368.69. EMCOR Group, Inc. has a twelve month low of $191.50 and a twelve month high of $442.15.

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

EMCOR Group Announces Dividend

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

EMCOR Group declared that its board has authorized a share repurchase plan on Friday, June 7th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the construction company to repurchase up to 2.8% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

EME has been the topic of several research analyst reports. DA Davidson lifted their price target on shares of EMCOR Group from $410.00 to $430.00 and gave the stock 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, September 20th.

Insider Buying and Selling at EMCOR Group

In other EMCOR Group news, Director Robin A. Walker-Lee sold 1,300 shares of EMCOR Group stock in a transaction that occurred 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 in the company, valued at approximately $3,202,513.23. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.26% of the stock is owned by company insiders.

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.