Lisanti Capital Growth LLC Has $1.99 Million Stock Holdings in EMCOR Group, Inc. (NYSE:EME)

Lisanti Capital Growth LLC lowered its holdings in shares of EMCOR Group, Inc. (NYSE:EME) by 1.8% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 5,675 shares of the construction company’s stock after selling 105 shares during the period. Lisanti Capital Growth LLC’s holdings in EMCOR Group were worth $1,987,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. V Square Quantitative Management LLC bought a new position in EMCOR Group during the 1st quarter worth $28,000. Allworth Financial LP lifted its stake in shares of EMCOR Group by 83.8% in the fourth quarter. Allworth Financial LP now owns 136 shares of the construction company’s stock worth $29,000 after acquiring an additional 62 shares during the period. Independence Bank of Kentucky bought a new stake in EMCOR Group in the first quarter valued at approximately $33,000. CVA Family Office LLC bought a new stake in EMCOR Group in the fourth quarter valued at approximately $39,000. Finally, Evermay Wealth Management LLC bought a new position in EMCOR Group during the 4th quarter worth approximately $39,000. Institutional investors and hedge funds own 92.59% of the company’s stock.

Insiders Place Their Bets

In related news, Director Carol P. Lowe sold 1,245 shares of the firm’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $374.23, for a total value of $465,916.35. Following the transaction, the director now owns 16,807 shares of the company’s stock, valued at approximately $6,289,683.61. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.26% of the company’s stock.

Analyst Upgrades and Downgrades

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

EMCOR Group Price Performance

Shares of EMCOR Group stock traded up $0.99 on Friday, hitting $376.45. 294,414 shares of the company’s stock traded hands, compared to its average volume of 424,618. The company has a fifty day moving average of $378.60 and a two-hundred day moving average of $319.28. EMCOR Group, Inc. has a one year low of $186.00 and a one year high of $401.98. The company has a market capitalization of $17.69 billion, a price-to-earnings ratio of 24.83 and a beta of 1.06.

EMCOR Group (NYSE:EME) last posted its quarterly earnings results on Thursday, April 25th. The construction company reported $4.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.92 by $1.25. The firm had revenue of $3.43 billion for the quarter. EMCOR Group had a return on equity of 30.38% and a net margin of 5.48%. Equities research analysts anticipate that EMCOR Group, Inc. will post 16.1 earnings per share for the current year.

EMCOR Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 30th. Investors of record on Monday, July 15th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.27%. The ex-dividend date of this dividend is Monday, July 15th. EMCOR Group’s payout ratio is currently 6.60%.

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.