Maxine Lum Mauricio Sells 1,250 Shares of EMCOR Group, Inc. (NYSE:EME) Stock

EMCOR Group, Inc. (NYSE:EME) CAO Maxine Lum Mauricio sold 1,250 shares of the firm’s stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $370.07, for a total value of $462,587.50. Following the completion of the sale, the chief accounting officer now directly owns 27,642 shares of the company’s stock, valued at approximately $10,229,474.94. This trade represents a 4.33 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

EMCOR Group Trading Up 4.4 %

EME opened at $389.29 on Friday. EMCOR Group, Inc. has a 1 year low of $319.49 and a 1 year high of $545.30. The stock has a fifty day moving average price of $442.26 and a 200 day moving average price of $449.70. The stock has a market cap of $17.70 billion, a price-to-earnings ratio of 19.77 and a beta of 1.14.

EMCOR Group (NYSE:EME) last posted its earnings results on Wednesday, February 26th. The construction company reported $6.32 earnings per share for the quarter, beating the consensus estimate of $5.53 by $0.79. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. The company had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.81 billion. As a group, sell-side analysts forecast that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group declared that its board has authorized a stock buyback plan on Wednesday, February 26th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the construction company to repurchase up to 2.6% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its shares are undervalued.

EMCOR Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Thursday, January 16th were issued a dividend of $0.25 per share. The ex-dividend date was Thursday, January 16th. This represents a $1.00 annualized dividend and a yield of 0.26%. EMCOR Group’s dividend payout ratio (DPR) is currently 4.64%.

Analyst Upgrades and Downgrades

EME has been the subject of several recent analyst reports. Stifel Nicolaus decreased their target price on EMCOR Group from $600.00 to $514.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. Northcoast Research began coverage on EMCOR Group in a research report on Friday, November 22nd. They set a “buy” rating and a $600.00 price objective for the company. The Goldman Sachs Group began coverage on EMCOR Group in a research report on Friday, November 22nd. They set a “sell” rating and a $445.00 price objective for the company. Finally, StockNews.com cut EMCOR Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, EMCOR Group has an average rating of “Moderate Buy” and an average target price of $497.25.

Hedge Funds Weigh In On EMCOR Group

Several institutional investors have recently bought and sold shares of the stock. Norges Bank bought a new position in shares of EMCOR Group in the fourth quarter worth about $299,855,000. Invesco Ltd. increased its stake in shares of EMCOR Group by 28.0% in the fourth quarter. Invesco Ltd. now owns 1,318,494 shares of the construction company’s stock worth $598,465,000 after purchasing an additional 288,765 shares during the period. World Investment Advisors LLC bought a new position in shares of EMCOR Group in the third quarter worth about $100,282,000. Ameriprise Financial Inc. increased its stake in shares of EMCOR Group by 94.2% in the fourth quarter. Ameriprise Financial Inc. now owns 306,999 shares of the construction company’s stock worth $139,349,000 after purchasing an additional 148,915 shares during the period. Finally, Nordea Investment Management AB increased its stake in shares of EMCOR Group by 2,246.2% in the fourth quarter. Nordea Investment Management AB now owns 142,578 shares of the construction company’s stock worth $65,036,000 after purchasing an additional 136,501 shares during the period. 92.59% of the stock is currently owned by institutional investors.

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.