EMCOR Group, Inc. (NYSE:EME) Position Boosted by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH raised its holdings in shares of EMCOR Group, Inc. (NYSE:EMEFree Report) by 10.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 78,850 shares of the construction company’s stock after acquiring an additional 7,323 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned approximately 0.17% of EMCOR Group worth $16,987,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. VisionPoint Advisory Group LLC bought a new stake in shares of EMCOR Group in the 2nd quarter valued at approximately $25,000. Arlington Trust Co LLC bought a new stake in shares of EMCOR Group in the 3rd quarter valued at approximately $35,000. CVA Family Office LLC bought a new stake in shares of EMCOR Group in the 4th quarter valued at approximately $39,000. ST Germain D J Co. Inc. bought a new stake in shares of EMCOR Group in the 2nd quarter valued at approximately $35,000. Finally, Cullen Frost Bankers Inc. bought a new stake in shares of EMCOR Group in the 3rd quarter valued at approximately $42,000. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. KeyCorp assumed coverage on EMCOR Group in a research note on Wednesday, January 10th. They issued a “sector weight” rating for the company. DA Davidson restated a “buy” rating and issued a $375.00 target price on shares of EMCOR Group in a report on Friday, March 22nd.

View Our Latest Report on EMCOR Group

EMCOR Group Stock Performance

EME opened at $351.18 on Wednesday. The business has a 50 day moving average price of $275.44 and a 200 day moving average price of $233.97. EMCOR Group, Inc. has a twelve month low of $151.52 and a twelve month high of $353.05. The firm has a market cap of $16.53 billion, a P/E ratio of 26.38 and a beta of 1.09.

EMCOR Group (NYSE:EMEGet Free Report) last issued its quarterly earnings results on Wednesday, February 28th. The construction company reported $4.47 EPS for the quarter, topping analysts’ consensus estimates of $3.51 by $0.96. EMCOR Group had a return on equity of 28.41% and a net margin of 5.03%. The company had revenue of $3.44 billion during the quarter, compared to analyst estimates of $3.36 billion. During the same period in the previous year, the company earned $2.63 earnings per share. The company’s quarterly revenue was up 16.6% compared to the same quarter last year. As a group, analysts anticipate that EMCOR Group, Inc. will post 14.5 earnings per share for the current fiscal year.

EMCOR Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Tuesday, January 16th were issued a dividend of $0.18 per share. The ex-dividend date was Friday, January 12th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.21%. EMCOR Group’s dividend payout ratio (DPR) is presently 5.41%.

Insider Transactions at EMCOR Group

In other news, CEO Anthony Guzzi sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $319.65, for a total transaction of $1,917,900.00. Following the completion of the transaction, the chief executive officer now directly owns 219,023 shares in the company, valued at $70,010,701.95. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 1.60% of the company’s stock.

EMCOR Group Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for EMCOR Group (NYSE:EME)

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