EMCOR Group, Inc. (NYSE:EME) Shares Bought by Addison Advisors LLC

Addison Advisors LLC raised its position in EMCOR Group, Inc. (NYSE:EME) by 163.3% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 129 shares of the construction company’s stock after buying an additional 80 shares during the quarter. Addison Advisors LLC’s holdings in EMCOR Group were worth $47,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. Victory Capital Management Inc. increased its stake in EMCOR Group by 5.0% in the 2nd quarter. Victory Capital Management Inc. now owns 65,158 shares of the construction company’s stock valued at $23,788,000 after buying an additional 3,102 shares during the period. Horizon Investment Services LLC increased its stake in EMCOR Group by 4.3% in the 2nd quarter. Horizon Investment Services LLC now owns 7,967 shares of the construction company’s stock valued at $2,909,000 after buying an additional 329 shares during the period. Impact Partnership Wealth LLC increased its stake in EMCOR Group by 98.5% in the 2nd quarter. Impact Partnership Wealth LLC now owns 905 shares of the construction company’s stock valued at $330,000 after buying an additional 449 shares during the period. TD Asset Management Inc acquired a new position in EMCOR Group in the 2nd quarter valued at $2,487,000. Finally, Simon Quick Advisors LLC acquired a new position in EMCOR Group in the 2nd quarter valued at $237,000. 92.59% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Robin A. Walker-Lee sold 1,300 shares of the business’s stock in a transaction dated Monday, July 29th. The shares were 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.26% of the company’s stock.

EMCOR Group Stock Performance

Shares of NYSE EME opened at $352.85 on Friday. The firm has a market capitalization of $16.58 billion, a P/E ratio of 23.28 and a beta of 1.06. EMCOR Group, Inc. has a one year low of $191.50 and a one year high of $401.98. The company’s fifty day moving average is $366.99 and its two-hundred day moving average is $357.47.

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

EMCOR Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 30th. Investors of record on Monday, July 15th were given a $0.25 dividend. The ex-dividend date of this dividend was Monday, July 15th. This represents a $1.00 annualized dividend and a dividend yield of 0.28%. EMCOR Group’s dividend payout ratio is presently 6.60%.

Analyst Ratings Changes

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

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.