First National Bank of Hutchinson Has $1.30 Million Stock Holdings in EMCOR Group, Inc. (NYSE:EME)

First National Bank of Hutchinson raised its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 4.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,865 shares of the construction company’s stock after purchasing an additional 128 shares during the quarter. EMCOR Group accounts for 0.8% of First National Bank of Hutchinson’s portfolio, making the stock its 26th largest holding. First National Bank of Hutchinson’s holdings in EMCOR Group were worth $1,300,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. CIBC Asset Management Inc lifted its holdings in shares of EMCOR Group by 3.3% during the third quarter. CIBC Asset Management Inc now owns 1,363 shares of the construction company’s stock valued at $587,000 after acquiring an additional 43 shares during the period. Claro Advisors LLC acquired a new stake in shares of EMCOR Group during the 3rd quarter worth about $219,000. Quest Partners LLC lifted its holdings in EMCOR Group by 43.0% during the 3rd quarter. Quest Partners LLC now owns 3,217 shares of the construction company’s stock valued at $1,385,000 after purchasing an additional 968 shares during the last quarter. Pathstone Holdings LLC boosted its position in EMCOR Group by 4.3% in the third quarter. Pathstone Holdings LLC now owns 10,536 shares of the construction company’s stock valued at $4,536,000 after buying an additional 439 shares in the last quarter. Finally, Caprock Group LLC grew its stake in EMCOR Group by 0.4% during the third quarter. Caprock Group LLC now owns 5,836 shares of the construction company’s stock worth $2,513,000 after buying an additional 22 shares during the last quarter. 92.59% of the stock is currently owned by institutional investors.

EMCOR Group Trading Up 3.3 %

Shares of NYSE:EME opened at $399.18 on Thursday. The stock has a market capitalization of $18.15 billion, a P/E ratio of 20.27 and a beta of 1.14. EMCOR Group, Inc. has a 1-year low of $319.49 and a 1-year high of $545.30. The business has a 50-day moving average price of $437.41 and a two-hundred day moving average price of $449.86.

EMCOR Group (NYSE:EME) last announced its quarterly earnings data on Wednesday, February 26th. The construction company reported $6.32 earnings per share for the quarter, beating the consensus estimate of $5.53 by $0.79. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. The business had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.81 billion. As a group, equities analysts predict that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Thursday, January 16th were paid a dividend of $0.25 per share. The ex-dividend date was Thursday, January 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.25%. EMCOR Group’s dividend payout ratio (DPR) is presently 4.64%.

EMCOR Group announced that its Board of Directors has approved a stock buyback plan on Wednesday, February 26th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the construction company to reacquire up to 2.6% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

Analysts Set New Price Targets

Several equities analysts have issued reports on EME shares. StockNews.com downgraded EMCOR Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 25th. The Goldman Sachs Group initiated coverage on shares of EMCOR Group in a research report on Friday, November 22nd. They set a “sell” rating and a $445.00 price target on the stock. Northcoast Research initiated coverage on shares of EMCOR Group in a research report on Friday, November 22nd. They issued a “buy” rating and a $600.00 price objective for the company. Finally, Stifel Nicolaus reduced their target price on shares of EMCOR Group from $600.00 to $514.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, EMCOR Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $497.25.

Insider Activity at EMCOR Group

In other news, CAO Maxine Lum Mauricio sold 1,250 shares of the business’s stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $370.07, for a total transaction of $462,587.50. Following the completion of the transaction, the chief accounting officer now directly owns 27,642 shares in the company, valued at approximately $10,229,474.94. The trade was a 4.33 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.26% of the stock is currently owned by corporate insiders.

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.