Cwm LLC Raises Position in EMCOR Group, Inc. (NYSE:EME)

Cwm LLC grew its holdings in EMCOR Group, Inc. (NYSE:EME) by 87.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,243 shares of the construction company’s stock after acquiring an additional 1,985 shares during the period. Cwm LLC’s holdings in EMCOR Group were worth $1,827,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Matrix Trust Co acquired a new position in EMCOR Group during the 2nd quarter worth $26,000. Proffitt & Goodson Inc. acquired a new position in shares of EMCOR Group during the second quarter worth about $27,000. Innealta Capital LLC acquired a new position in shares of EMCOR Group during the second quarter worth about $29,000. ORG Partners LLC acquired a new stake in EMCOR Group in the second quarter valued at approximately $31,000. Finally, Independence Bank of Kentucky purchased a new position in EMCOR Group in the first quarter worth approximately $33,000. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Insider Buying and Selling

In other EMCOR Group news, Director Robin A. Walker-Lee sold 1,300 shares of the business’s 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 completion of the sale, the director now owns 8,637 shares in the company, valued at approximately $3,202,513.23. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.26% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

EME has been the topic of a number of recent analyst reports. DA Davidson increased their price objective 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. StockNews.com upgraded EMCOR Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 9th.

EMCOR Group Stock Down 1.7 %

Shares of EMCOR Group stock opened at $444.99 on Wednesday. EMCOR Group, Inc. has a 52 week low of $191.50 and a 52 week high of $454.84. The firm’s 50 day moving average is $398.04 and its two-hundred day moving average is $378.79. The firm has a market capitalization of $20.91 billion, a P/E ratio of 29.35 and a beta of 1.07.

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

EMCOR Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 30th. Investors of record on Tuesday, October 15th will be given a $0.25 dividend. 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 dividend payout ratio (DPR) is presently 6.60%.

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.