EMCOR Group, Inc. (NYSE:EME) Stock Position Raised by Consolidated Portfolio Review Corp

Consolidated Portfolio Review Corp boosted its position in shares of EMCOR Group, Inc. (NYSE:EME) by 791.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,635 shares of the construction company’s stock after purchasing an additional 5,891 shares during the period. Consolidated Portfolio Review Corp’s holdings in EMCOR Group were worth $2,422,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Ritholtz Wealth Management increased its holdings in shares of EMCOR Group by 0.4% in the 2nd quarter. Ritholtz Wealth Management now owns 21,237 shares of the construction company’s stock valued at $7,753,000 after purchasing an additional 78 shares during the period. Hanseatic Management Services Inc. increased its stake in EMCOR Group by 2.6% in the 2nd quarter. Hanseatic Management Services Inc. now owns 2,614 shares of the construction company’s stock valued at $954,000 after buying an additional 65 shares during the period. nVerses Capital LLC increased its stake in EMCOR Group by 1,600.0% in the 2nd quarter. nVerses Capital LLC now owns 1,700 shares of the construction company’s stock valued at $621,000 after buying an additional 1,600 shares during the period. Picton Mahoney Asset Management purchased a new stake in EMCOR Group in the 2nd quarter worth approximately $161,000. Finally, Farther Finance Advisors LLC boosted its stake in shares of EMCOR Group by 3,735.6% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,726 shares of the construction company’s stock valued at $621,000 after buying an additional 1,681 shares during the period. 92.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, DA Davidson upped 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.

EMCOR Group Stock Performance

Shares of EMCOR Group stock traded up $7.89 during trading on Friday, hitting $393.06. 552,455 shares of the stock traded hands, compared to its average volume of 310,833. The stock has a market cap of $18.34 billion, a P/E ratio of 25.93 and a beta of 1.06. The company has a fifty day moving average price of $367.71 and a two-hundred day moving average price of $355.01. EMCOR Group, Inc. has a twelve month low of $191.50 and a twelve month high of $401.98.

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

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 $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.25%. The ex-dividend date was Monday, July 15th. EMCOR Group’s payout ratio is 6.60%.

Insider Buying and Selling

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 shares were sold at an average price of $370.79, for a total transaction of $482,027.00. Following the completion of the sale, 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 link. In other news, Director Robin A. Walker-Lee sold 1,300 shares of EMCOR Group stock in a transaction dated 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 $3,202,513.23. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Carol P. Lowe sold 1,245 shares of the business’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $374.23, for a total value of $465,916.35. Following the transaction, the director now directly owns 16,807 shares of the company’s stock, valued at approximately $6,289,683.61. The disclosure for this sale can be found here. Corporate insiders own 1.26% of the company’s stock.

About EMCOR Group

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.