EMCOR Group, Inc. (NYSE:EME) Holdings Boosted by Victory Capital Management Inc.

Victory Capital Management Inc. raised its position in shares of EMCOR Group, Inc. (NYSE:EME) by 130.2% in the first quarter, Holdings Channel reports. The fund owned 209,005 shares of the construction company’s stock after buying an additional 118,206 shares during the quarter. Victory Capital Management Inc.’s holdings in EMCOR Group were worth $77,255,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently bought and sold shares of the stock. BankPlus Trust Department grew its holdings in shares of EMCOR Group by 200.0% during the first quarter. BankPlus Trust Department now owns 72 shares of the construction company’s stock valued at $27,000 after buying an additional 48 shares during the last quarter. Continuum Advisory LLC raised its holdings in shares of EMCOR Group by 53.7% in the fourth quarter. Continuum Advisory LLC now owns 83 shares of the construction company’s stock valued at $38,000 after acquiring an additional 29 shares in the last quarter. Dogwood Wealth Management LLC purchased a new stake in EMCOR Group in the fourth quarter valued at approximately $40,000. Summit Securities Group LLC acquired a new position in shares of EMCOR Group during the 4th quarter worth approximately $45,000. Finally, Park Square Financial Group LLC purchased a new position in shares of EMCOR Group during the 4th quarter worth $48,000. Institutional investors own 92.59% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on EME. TD Securities began coverage on EMCOR Group in a report on Friday, June 27th. They issued a “buy” rating for the company. The Goldman Sachs Group upped their price objective on shares of EMCOR Group from $384.00 to $435.00 and gave the company a “sell” rating in a research report on Tuesday, July 8th. UBS Group started coverage on shares of EMCOR Group in a research note on Friday, June 13th. They issued a “buy” rating and a $570.00 price objective on the stock. Robert W. Baird began coverage on shares of EMCOR Group in a research report on Friday, June 27th. They set an “outperform” rating and a $560.00 target price for the company. Finally, Hovde Group raised shares of EMCOR Group to a “hold” rating in a report on Friday, June 27th. One analyst has rated the stock with a sell rating, one has given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, EMCOR Group presently has an average rating of “Moderate Buy” and a consensus target price of $532.00.

Insider Transactions at EMCOR Group

In other EMCOR Group news, CEO Anthony Guzzi sold 7,000 shares of the stock in a transaction on Monday, May 5th. The stock was sold at an average price of $436.03, for a total transaction of $3,052,210.00. Following the completion of the transaction, the chief executive officer directly owned 208,989 shares of the company’s stock, valued at approximately $91,125,473.67. This represents a 3.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robin A. Walker-Lee sold 947 shares of the company’s stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $412.83, for a total value of $390,950.01. Following the completion of the sale, the director owned 7,094 shares in the company, valued at $2,928,616.02. The trade was a 11.78% decrease in their position. The disclosure for this sale can be found here. 0.83% of the stock is owned by company insiders.

EMCOR Group Price Performance

Shares of EME opened at $559.40 on Friday. EMCOR Group, Inc. has a twelve month low of $319.49 and a twelve month high of $562.77. The company has a quick ratio of 1.14, a current ratio of 1.16 and a debt-to-equity ratio of 0.08. The company has a 50 day moving average of $497.09 and a two-hundred day moving average of $447.13. The company has a market cap of $25.04 billion, a price-to-earnings ratio of 24.72 and a beta of 1.24.

EMCOR Group (NYSE:EME) last announced its quarterly earnings data on Wednesday, April 30th. The construction company reported $5.41 EPS for the quarter, topping analysts’ consensus estimates of $4.57 by $0.84. EMCOR Group had a net margin of 7.00% and a return on equity of 37.12%. The company had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.78 billion. During the same quarter in the prior year, the firm earned $4.17 EPS. EMCOR Group’s quarterly revenue was up 12.7% on a year-over-year basis. As a group, analysts predict that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Tuesday, July 15th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.18%. The ex-dividend date is Tuesday, July 15th. EMCOR Group’s dividend payout ratio (DPR) is 4.42%.

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.