Truist Financial Corp Purchases 695 Shares of EMCOR Group, Inc. (NYSE:EME)

Truist Financial Corp raised its position in shares of EMCOR Group, Inc. (NYSE:EME – Get Rating) by 14.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,495 shares of the construction company’s stock after acquiring an additional 695 shares during the period. Truist Financial Corp’s holdings in EMCOR Group were worth $635,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Zions Bancorporation N.A. bought a new stake in shares of EMCOR Group during the first quarter worth approximately $26,000. Parkside Financial Bank & Trust raised its holdings 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 in the last quarter. Parallel Advisors LLC lifted its position in shares of EMCOR Group by 212.1% during 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. Brown Brothers Harriman & Co. acquired a new stake in shares of EMCOR Group during the 1st quarter worth $35,000. Finally, Ronald Blue Trust Inc. acquired a new stake in shares of EMCOR Group during the 2nd quarter worth $37,000. Institutional investors own 93.44% of the company’s stock.

Insider Activity at EMCOR Group

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

Wall Street Analyst Weigh In

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

EMCOR Group Stock Performance

NYSE:EME opened at $145.32 on Monday. The stock’s 50-day simple moving average is $149.86 and its 200 day simple moving average is $130.84. The firm has a market capitalization of $6.93 billion, a PE ratio of 19.56 and a beta of 1.13. 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, Inc. has a twelve month low of $95.64 and a twelve month high of $156.67.

EMCOR Group (NYSE:EME – Get Rating) last released its quarterly earnings data on Thursday, October 27th. The construction company reported $2.16 earnings per share for the quarter, beating the consensus estimate of $2.11 by $0.05. The business had revenue of $2.83 billion for 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%. On average, analysts anticipate that EMCOR Group, Inc. will post 7.78 EPS for the current fiscal year.

EMCOR Group Announces Dividend

The firm 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 0.41%. The ex-dividend date of this dividend is Friday, January 13th. EMCOR Group’s dividend payout ratio (DPR) is presently 8.08%.

About EMCOR Group

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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.