Massmutual Trust Co. FSB ADV Grows Stock Holdings in EMCOR Group, Inc. (NYSE:EME)

Massmutual Trust Co. FSB ADV grew its position in EMCOR Group, Inc. (NYSE:EME) by 30.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 199 shares of the construction company’s stock after buying an additional 47 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in EMCOR Group were worth $73,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC purchased a new position in EMCOR Group in the 1st quarter worth about $28,000. Independence Bank of Kentucky purchased a new stake in shares of EMCOR Group during the first quarter worth about $33,000. Rise Advisors LLC bought a new stake in EMCOR Group during the 1st quarter valued at approximately $40,000. Northwest Investment Counselors LLC bought a new position in EMCOR Group in the 1st quarter worth approximately $40,000. Finally, Allworth Financial LP raised its position in shares of EMCOR Group by 83.8% during the fourth quarter. Allworth Financial LP now owns 136 shares of the construction company’s stock valued at $29,000 after buying an additional 62 shares during the last quarter. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, DA Davidson raised their target price on shares of EMCOR Group from $410.00 to $430.00 and gave the company a “buy” rating in a research note on Friday, July 26th.

Insider Transactions at EMCOR Group

In other EMCOR Group news, Director Carol P. Lowe sold 1,245 shares of the company’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $374.23, for a total value 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 transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, Director Robin A. Walker-Lee sold 1,300 shares of the business’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 transaction of $482,027.00. Following the transaction, the director now directly owns 8,637 shares in the company, valued at approximately $3,202,513.23. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Carol P. Lowe sold 1,245 shares of the company’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $374.23, for a total value of $465,916.35. Following the completion of the sale, the director now owns 16,807 shares of the company’s stock, valued at $6,289,683.61. The disclosure for this sale can be found here. Company insiders own 1.26% of the company’s stock.

EMCOR Group Price Performance

Shares of EMCOR Group stock traded up $10.21 during trading on Tuesday, hitting $350.43. The stock had a trading volume of 426,662 shares, compared to its average volume of 474,204. EMCOR Group, Inc. has a 12 month low of $191.50 and a 12 month high of $401.98. The stock has a market cap of $16.47 billion, a PE ratio of 23.05 and a beta of 1.06. The firm’s fifty day simple moving average is $373.98 and its 200-day simple moving average is $336.63.

EMCOR Group (NYSE:EME) last released its earnings results on Thursday, July 25th. The construction company reported $5.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.76 by $1.49. The firm had revenue of $3.67 billion for the quarter, compared to the consensus estimate of $3.52 billion. EMCOR Group had a return on equity of 32.73% and a net margin of 6.01%. The firm’s revenue was up 20.4% on a year-over-year basis. During the same period in the prior year, the firm earned $2.95 EPS. Analysts expect that EMCOR Group, Inc. will post 19.5 earnings per share for the current fiscal year.

EMCOR Group Announces Dividend

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

EMCOR Group 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.