Truist Financial Corp Has $635,000 Stock Holdings in EMCOR Group, Inc. (NYSE:EME)

Truist Financial Corp lifted its stake in shares of EMCOR Group, Inc. (NYSE:EMEGet Rating) by 14.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,495 shares of the construction company’s stock after acquiring an additional 695 shares during the quarter. Truist Financial Corp’s holdings in EMCOR Group were worth $635,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Zions Bancorporation N.A. bought a new position in shares of EMCOR Group during the first quarter worth about $26,000. Parkside Financial Bank & Trust increased its holdings in EMCOR Group by 66.2% in the first quarter. Parkside Financial Bank & Trust now owns 251 shares of the construction company’s stock worth $28,000 after purchasing an additional 100 shares in the last quarter. Parallel Advisors LLC increased its holdings in EMCOR Group by 212.1% in the second quarter. Parallel Advisors LLC now owns 284 shares of the construction company’s stock worth $29,000 after purchasing an additional 193 shares in the last quarter. First Horizon Advisors Inc. increased its holdings in EMCOR Group by 4,828.6% in the second quarter. First Horizon Advisors Inc. now owns 345 shares of the construction company’s stock worth $35,000 after purchasing an additional 338 shares in the last quarter. Finally, Brown Brothers Harriman & Co. bought a new stake in EMCOR Group in the first quarter worth approximately $35,000. 93.44% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Anthony Guzzi sold 7,500 shares of the stock in a transaction dated Thursday, October 27th. The shares were sold at an average price of $135.00, for a total value of $1,012,500.00. Following the completion of the sale, the chief executive officer now owns 261,427 shares in the company, valued at $35,292,645. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CFO Mark A. Pompa sold 10,000 shares of the firm’s stock in a transaction dated Thursday, October 27th. The shares were sold at an average price of $135.00, for a total transaction of $1,350,000.00. Following the completion of the sale, the chief financial officer now owns 101,143 shares in the company, valued at $13,654,305. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Anthony Guzzi sold 7,500 shares of the firm’s stock in a transaction dated Thursday, October 27th. The stock was sold at an average price of $135.00, for a total transaction of $1,012,500.00. Following the sale, the chief executive officer now owns 261,427 shares of the company’s stock, valued at approximately $35,292,645. The disclosure for this sale can be found here. Insiders sold a total of 25,000 shares of company stock worth $3,444,500 over the last quarter. Insiders own 1.70% of the company’s stock.

EMCOR Group Trading Up 0.9 %

NYSE EME opened at $145.32 on Monday. The company has a market cap of $6.93 billion, a price-to-earnings ratio of 19.56 and a beta of 1.13. EMCOR Group, Inc. has a 52 week low of $95.64 and a 52 week high of $156.67. The business has a 50 day moving average price of $149.86 and a 200-day moving average price of $130.84. The company has a quick ratio of 1.24, a current ratio of 1.28 and a debt-to-equity ratio of 0.23.

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

EMCOR Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 31st. Stockholders of record on Tuesday, January 17th will be issued a $0.15 dividend. The ex-dividend date is Friday, January 13th. This represents a $0.60 annualized dividend and a dividend yield of 0.41%. EMCOR Group’s dividend payout ratio is currently 8.08%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on EME. StockNews.com began coverage on EMCOR Group in a report on Wednesday, October 12th. They issued a “strong-buy” rating for the company. DA Davidson lifted their target price on EMCOR Group to $165.00 in a report on Tuesday, November 1st. Finally, KeyCorp boosted their price objective on EMCOR Group from $135.00 to $160.00 and gave the company an “overweight” rating in a report on Friday, November 4th.

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.

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Institutional Ownership by Quarter for EMCOR Group (NYSE:EME)

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