First National Bank of Hutchinson Cuts Stock Position in EMCOR Group, Inc. (NYSE:EME)

First National Bank of Hutchinson lowered its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 9.9% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,737 shares of the construction company’s stock after selling 302 shares during the quarter. First National Bank of Hutchinson’s holdings in EMCOR Group were worth $1,178,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Eagle Bay Advisors LLC grew its position in shares of EMCOR Group by 8.1% during the 1st quarter. Eagle Bay Advisors LLC now owns 456 shares of the construction company’s stock valued at $160,000 after acquiring an additional 34 shares during the period. Miller Howard Investments Inc. NY lifted its position in shares of EMCOR Group by 2.2% during the 2nd quarter. Miller Howard Investments Inc. NY now owns 2,156 shares of the construction company’s stock valued at $787,000 after buying an additional 46 shares during the last quarter. Massmutual Trust Co. FSB ADV grew its stake in shares of EMCOR Group by 30.9% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 199 shares of the construction company’s stock worth $73,000 after acquiring an additional 47 shares during the period. Cooper Financial Group raised its stake in EMCOR Group by 3.7% in the 2nd quarter. Cooper Financial Group now owns 1,328 shares of the construction company’s stock valued at $485,000 after acquiring an additional 47 shares during the period. Finally, Signaturefd LLC lifted its holdings in EMCOR Group by 11.7% during the third quarter. Signaturefd LLC now owns 469 shares of the construction company’s stock valued at $202,000 after purchasing an additional 49 shares during the last quarter. Institutional investors own 92.59% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. StockNews.com raised shares of EMCOR Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 9th. DA Davidson boosted their target price on shares of EMCOR Group from $410.00 to $430.00 and gave the company a “buy” rating in a report on Friday, July 26th.

Insider Activity 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 dated Monday, July 29th. The stock was sold at an average price of $370.79, for a total value of $482,027.00. Following the transaction, the director now directly owns 8,637 shares in the company, valued at $3,202,513.23. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.26% of the stock is owned by corporate insiders.

EMCOR Group Stock Down 0.6 %

Shares of NYSE EME opened at $445.46 on Thursday. The business has a 50-day simple moving average of $409.24 and a two-hundred day simple moving average of $382.48. EMCOR Group, Inc. has a 52 week low of $191.50 and a 52 week high of $456.16. The company has a market cap of $20.93 billion, a P/E ratio of 29.38 and a beta of 1.07.

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

EMCOR Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 30th. Stockholders of record on Tuesday, October 15th will be issued a $0.25 dividend. The ex-dividend date is Tuesday, October 15th. This represents a $1.00 annualized dividend and a dividend yield of 0.22%. 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.