Insider Selling: EMCOR Group, Inc. (NYSE:EME) EVP Sells 2,500 Shares of Stock

EMCOR Group, Inc. (NYSE:EMEGet Rating) EVP Maxine Lum Mauricio sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, January 17th. The stock was sold at an average price of $149.62, for a total transaction of $374,050.00. Following the sale, the executive vice president now directly owns 26,478 shares of the company’s stock, valued at approximately $3,961,638.36. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Maxine Lum Mauricio also recently made the following trade(s):

  • On Monday, October 31st, Maxine Lum Mauricio sold 5,000 shares of EMCOR Group stock. The stock was sold at an average price of $141.59, for a total transaction of $707,950.00.

EMCOR Group Price Performance

Shares of NYSE:EME opened at $144.03 on Friday. The company has a market cap of $6.86 billion, a price-to-earnings ratio of 19.38 and a beta of 1.13. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.28 and a quick ratio of 1.24. The firm has a 50 day simple moving average of $149.97 and a 200 day simple moving average of $130.16. EMCOR Group, Inc. has a one year low of $95.64 and a one year high of $156.67.

EMCOR Group (NYSE:EMEGet Rating) last issued its quarterly earnings data on Thursday, October 27th. The construction company reported $2.16 EPS for the quarter, beating the consensus estimate of $2.11 by $0.05. The business had revenue of $2.83 billion during the quarter, compared to the consensus estimate of $2.71 billion. EMCOR Group had a net margin of 3.54% and a return on equity of 18.65%. Research analysts predict that EMCOR Group, Inc. will post 7.78 earnings per share for the current fiscal year.

EMCOR Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 31st. Investors of record on Tuesday, January 17th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.42%. The ex-dividend date is Friday, January 13th. EMCOR Group’s payout ratio is 8.08%.

Hedge Funds Weigh In On EMCOR Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Zions Bancorporation N.A. acquired a new position in EMCOR Group in the 1st quarter valued at approximately $26,000. Exchange Traded Concepts LLC acquired a new position in EMCOR Group in the 4th quarter valued at approximately $37,000. Parkside Financial Bank & Trust increased its position in EMCOR Group by 66.2% in the 1st quarter. Parkside Financial Bank & Trust now owns 251 shares of the construction company’s stock valued at $28,000 after acquiring an additional 100 shares during the period. Parallel Advisors LLC increased its position in EMCOR Group by 212.1% in the 2nd quarter. Parallel Advisors LLC now owns 284 shares of the construction company’s stock valued at $29,000 after acquiring an additional 193 shares during the period. Finally, Brown Brothers Harriman & Co. acquired a new position in EMCOR Group in the 1st quarter valued at approximately $35,000. 93.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

EME has been the subject of a number of recent analyst reports. KeyCorp upped their price target on shares of EMCOR Group from $135.00 to $160.00 and gave the stock an “overweight” rating in a report on Friday, November 4th. StockNews.com initiated coverage on shares of EMCOR Group in a report on Wednesday, October 12th. They set a “strong-buy” rating for the company. Finally, DA Davidson upped their price target on shares of EMCOR Group to $165.00 in a report on Tuesday, November 1st.

About EMCOR Group

(Get Rating)

EMCOR Group, Inc engages in the provision of electrical and mechanical construction, and facilities services. It operates through the following segments: United States Electrical Construction and Facilities Services, United States Mechanical Construction and Facilities Services, United States Building Services, United States Industrial Services, and United Kingdom Building Services.

Further Reading

Insider Buying and Selling by Quarter for EMCOR Group (NYSE:EME)

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