First Hawaiian Bank Sells 2,170 Shares of EMCOR Group, Inc. (NYSE:EME)

First Hawaiian Bank trimmed its stake in EMCOR Group, Inc. (NYSE:EME) by 24.9% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,538 shares of the construction company’s stock after selling 2,170 shares during the period. First Hawaiian Bank’s holdings in EMCOR Group were worth $2,387,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in EME. Wealth Enhancement Advisory Services LLC grew its holdings in shares of EMCOR Group by 89.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 21,688 shares of the construction company’s stock worth $7,595,000 after purchasing an additional 10,269 shares in the last quarter. Hennessy Advisors Inc. grew its holdings in shares of EMCOR Group by 18.9% during the 1st quarter. Hennessy Advisors Inc. now owns 143,100 shares of the construction company’s stock worth $50,114,000 after purchasing an additional 22,700 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in shares of EMCOR Group by 92.8% during the 1st quarter. BNP Paribas Financial Markets now owns 102,516 shares of the construction company’s stock worth $35,901,000 after purchasing an additional 49,346 shares in the last quarter. AXS Investments LLC grew its holdings in shares of EMCOR Group by 238.7% during the 4th quarter. AXS Investments LLC now owns 4,200 shares of the construction company’s stock worth $905,000 after purchasing an additional 2,960 shares in the last quarter. Finally, Wellington Management Group LLP bought a new position in shares of EMCOR Group during the 4th quarter worth approximately $9,565,000. 92.59% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, DA Davidson lifted their price objective on EMCOR Group from $410.00 to $430.00 and gave the company a “buy” rating in a research report on Friday, July 26th.

Insider Buying and Selling at EMCOR Group

In other EMCOR Group news, Director Robin A. Walker-Lee sold 1,300 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $370.79, for a total value of $482,027.00. Following the sale, the director now 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 through this link. In related news, Director Carol P. Lowe sold 1,245 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at $6,289,683.61. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Robin A. Walker-Lee sold 1,300 shares of the stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $370.79, for a total value of $482,027.00. Following the sale, the director now directly owns 8,637 shares in the company, valued at approximately $3,202,513.23. The disclosure for this sale can be found here. Corporate insiders own 1.26% of the company’s stock.

EMCOR Group Stock Down 2.7 %

Shares of EMCOR Group stock traded down $9.48 during trading on Monday, reaching $340.22. 653,707 shares of the company were exchanged, compared to its average volume of 474,521. EMCOR Group, Inc. has a twelve month low of $191.50 and a twelve month high of $401.98. The firm has a market capitalization of $15.87 billion, a price-to-earnings ratio of 22.13 and a beta of 1.06. The business has a 50-day moving average price of $373.98 and a 200-day moving average price of $336.63.

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

EMCOR Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 30th. Shareholders of record on Monday, July 15th were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, July 15th. This represents a $1.00 annualized dividend and a yield of 0.29%. EMCOR Group’s dividend payout ratio is 6.60%.

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.