Dimensional Fund Advisors LP Sells 54,823 Shares of EMCOR Group, Inc. (NYSE:EME)

Dimensional Fund Advisors LP reduced its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 10.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 484,288 shares of the construction company’s stock after selling 54,823 shares during the quarter. Dimensional Fund Advisors LP owned about 1.03% of EMCOR Group worth $176,822,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Matrix Trust Co purchased a new position in shares of EMCOR Group during the second quarter valued at approximately $26,000. Proffitt & Goodson Inc. purchased a new position in shares of EMCOR Group during the second quarter valued at approximately $27,000. Innealta Capital LLC purchased a new position in shares of EMCOR Group during the second quarter valued at approximately $29,000. ORG Partners LLC purchased a new position in shares of EMCOR Group during the second quarter valued at approximately $31,000. Finally, Independence Bank of Kentucky purchased a new position in shares of EMCOR Group during the first quarter valued at approximately $33,000. 92.59% of the stock is owned by institutional investors.

Insider Activity at EMCOR Group

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

EMCOR Group Stock Performance

Shares of NYSE EME opened at $435.69 on Friday. The firm has a market capitalization of $20.48 billion, a price-to-earnings ratio of 28.74 and a beta of 1.07. The stock has a 50 day moving average price of $373.10 and a 200 day moving average price of $366.11. EMCOR Group, Inc. has a 52-week low of $191.50 and a 52-week high of $437.10.

EMCOR Group (NYSE:EME) last announced its quarterly earnings results on Thursday, July 25th. The construction company reported $5.25 earnings per share for the quarter, topping the consensus estimate 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%. The company’s revenue was up 20.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.95 EPS. Analysts forecast that EMCOR Group, Inc. will post 19.5 earnings per share for the current year.

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

EMCOR Group Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. DA Davidson boosted their target price 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 lowered EMCOR Group from a “strong-buy” rating to a “buy” rating in a report on Friday.

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.