Koshinski Asset Management Inc. Takes $280,000 Position in EMCOR Group, Inc. (NYSE:EME)

Koshinski Asset Management Inc. acquired a new stake in shares of EMCOR Group, Inc. (NYSE:EME) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 1,300 shares of the construction company’s stock, valued at approximately $280,000.

A number of other hedge funds also recently bought and sold shares of the company. BlackRock Inc. increased its position in EMCOR Group by 0.8% in the first quarter. BlackRock Inc. now owns 6,152,648 shares of the construction company’s stock worth $1,000,359,000 after buying an additional 47,507 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its position in EMCOR Group by 2.4% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,565,326 shares of the construction company’s stock worth $579,687,000 after buying an additional 82,360 shares in the last quarter. FMR LLC increased its position in EMCOR Group by 7.3% in the third quarter. FMR LLC now owns 3,551,683 shares of the construction company’s stock worth $747,239,000 after buying an additional 241,920 shares in the last quarter. State Street Corp grew its position in shares of EMCOR Group by 3.6% during the first 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 in the last quarter. Finally, Fuller & Thaler Asset Management Inc. grew its position in shares of EMCOR Group by 41.0% during the third 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 in the last quarter. Hedge funds and other institutional investors own 92.59% of the company’s stock.

EMCOR Group Price Performance

NYSE:EME opened at $347.31 on Tuesday. The firm has a market capitalization of $16.34 billion, a price-to-earnings ratio of 26.09 and a beta of 1.10. EMCOR Group, Inc. has a 1 year low of $155.14 and a 1 year high of $369.53. The business has a 50 day simple moving average of $309.31 and a 200-day simple moving average of $246.85.

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

EMCOR Group Increases Dividend

The firm also recently declared 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. This represents a $1.00 annualized dividend and a dividend yield of 0.29%. This is an increase from EMCOR Group’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Monday, April 15th. EMCOR Group’s dividend payout ratio is presently 5.41%.

Insider Transactions at EMCOR Group

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

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. DA Davidson reiterated a “buy” rating and set a $375.00 target price on shares of EMCOR Group in a research report on Friday, March 22nd. KeyCorp started coverage on EMCOR Group in a research note on Wednesday, January 10th. They set a “sector weight” rating for the company.

EMCOR Group Company 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.