EMCOR Group, Inc. (NYSE:EME) Shares Purchased by Fulton Bank N.A.

Fulton Bank N.A. boosted its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 3.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 3,639 shares of the construction company’s stock after acquiring an additional 116 shares during the period. Fulton Bank N.A.’s holdings in EMCOR Group were worth $784,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. BlackRock Inc. increased its holdings in EMCOR Group by 0.8% during the 1st quarter. BlackRock Inc. now owns 6,152,648 shares of the construction company’s stock worth $1,000,359,000 after purchasing an additional 47,507 shares during the period. Kayne Anderson Rudnick Investment Management LLC increased its holdings in EMCOR Group by 2.4% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,565,326 shares of the construction company’s stock worth $579,687,000 after purchasing an additional 82,360 shares during the period. FMR LLC increased its holdings in EMCOR Group by 7.3% during the 3rd quarter. FMR LLC now owns 3,551,683 shares of the construction company’s stock worth $747,239,000 after purchasing an additional 241,920 shares during the period. State Street Corp increased its holdings in EMCOR Group by 3.6% during the 1st quarter. State Street Corp now owns 1,744,930 shares of the construction company’s stock worth $196,531,000 after purchasing an additional 61,165 shares during the period. Finally, Fuller & Thaler Asset Management Inc. increased its holdings in EMCOR Group by 41.0% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 1,068,555 shares of the construction company’s stock worth $224,813,000 after purchasing an additional 310,718 shares during the period. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on EME. DA Davidson restated a “buy” rating and set a $375.00 price target on shares of EMCOR Group in a report on Friday, March 22nd. KeyCorp started coverage on EMCOR Group in a report on Wednesday, January 10th. They issued a “sector weight” rating on the stock.

EMCOR Group Stock Performance

EME opened at $365.02 on Friday. EMCOR Group, Inc. has a one year low of $151.52 and a one year high of $369.53. The company has a market cap of $17.18 billion, a P/E ratio of 27.42 and a beta of 1.10. The business’s 50-day simple moving average is $297.00 and its 200-day simple moving average is $241.62.

EMCOR Group (NYSE:EME) last released its quarterly earnings data on Wednesday, February 28th. The construction company reported $4.47 EPS for the quarter, beating analysts’ consensus estimates of $3.51 by $0.96. EMCOR Group had a return on equity of 28.41% and a net margin of 5.03%. The business had revenue of $3.44 billion for the quarter, compared to the consensus estimate of $3.36 billion. During the same quarter in the prior year, the business posted $2.63 EPS. The business’s revenue for the quarter was up 16.6% on a year-over-year basis. As a group, analysts predict that EMCOR Group, Inc. will post 14.5 earnings per share for the current fiscal year.

EMCOR Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 16th will be issued a $0.25 dividend. The ex-dividend date is Monday, April 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.27%. This is an increase from EMCOR Group’s previous quarterly dividend of $0.18. EMCOR Group’s dividend payout ratio is presently 5.41%.

Insider Activity

In related news, CEO Anthony Guzzi sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $319.65, for a total transaction of $1,917,900.00. Following the transaction, the chief executive officer now owns 219,023 shares in the company, valued at approximately $70,010,701.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.60% of the company’s stock.

EMCOR Group Profile

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.