EMCOR Group, Inc. (NYSE:EME) Shares Sold by Csenge Advisory Group

Csenge Advisory Group cut its position in EMCOR Group, Inc. (NYSE:EME) by 10.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,143 shares of the construction company’s stock after selling 136 shares during the quarter. Csenge Advisory Group’s holdings in EMCOR Group were worth $400,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. V Square Quantitative Management LLC purchased a new position in shares of EMCOR Group during the 1st quarter worth approximately $28,000. Independence Bank of Kentucky purchased a new position in shares of EMCOR Group during the 1st quarter worth approximately $33,000. Rise Advisors LLC purchased a new position in shares of EMCOR Group during the 1st quarter worth approximately $40,000. Northwest Investment Counselors LLC purchased a new position in shares of EMCOR Group during the 1st quarter worth approximately $40,000. Finally, Allworth Financial LP raised its stake in shares of EMCOR Group by 83.8% during the 4th quarter. Allworth Financial LP now owns 136 shares of the construction company’s stock worth $29,000 after buying an additional 62 shares in the last quarter. 92.59% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at EMCOR Group

In other EMCOR Group news, Director Carol P. Lowe sold 1,245 shares of the stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $374.23, for a total transaction of $465,916.35. Following the sale, the director now owns 16,807 shares in the company, valued at approximately $6,289,683.61. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.26% of the stock is owned by insiders.

EMCOR Group Stock Up 1.0 %

NYSE EME traded up $3.83 during mid-day trading on Thursday, hitting $376.59. The stock had a trading volume of 121,627 shares, compared to its average volume of 464,152. EMCOR Group, Inc. has a 52-week low of $186.00 and a 52-week high of $401.98. The company has a market cap of $17.70 billion, a price-to-earnings ratio of 24.57 and a beta of 1.06. The company has a 50 day simple moving average of $377.97 and a 200 day simple moving average of $317.77.

EMCOR Group (NYSE:EME) last released its quarterly earnings data on Thursday, April 25th. The construction company reported $4.17 earnings per share for the quarter, beating the consensus estimate of $2.92 by $1.25. EMCOR Group had a return on equity of 30.38% and a net margin of 5.48%. The firm had revenue of $3.43 billion during the quarter. As a group, equities analysts anticipate that EMCOR Group, Inc. will post 16.1 earnings per share for the current fiscal year.

EMCOR Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 30th. Shareholders of record on Monday, July 15th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.27%. The ex-dividend date of this dividend is Monday, July 15th. EMCOR Group’s dividend payout ratio (DPR) is presently 6.60%.

Wall Street Analysts Forecast Growth

Separately, DA Davidson reissued a “buy” rating and set a $375.00 target price on shares of EMCOR Group in a research note on Friday, March 22nd.

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.