Archer Investment Corp Increases Position in EMCOR Group, Inc. (NYSE:EME)

Archer Investment Corp increased its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 32.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,018 shares of the construction company’s stock after buying an additional 250 shares during the quarter. Archer Investment Corp’s holdings in EMCOR Group were worth $376,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in EME. True Wealth Design LLC grew its stake in EMCOR Group by 24.3% during the 4th quarter. True Wealth Design LLC now owns 133 shares of the construction company’s stock valued at $60,000 after acquiring an additional 26 shares in the last quarter. GeoWealth Management LLC grew its stake in EMCOR Group by 12.4% during the 4th quarter. GeoWealth Management LLC now owns 253 shares of the construction company’s stock valued at $115,000 after acquiring an additional 28 shares in the last quarter. Continuum Advisory LLC grew its stake in EMCOR Group by 53.7% during the 4th quarter. Continuum Advisory LLC now owns 83 shares of the construction company’s stock valued at $38,000 after acquiring an additional 29 shares in the last quarter. Alps Advisors Inc. grew its stake in EMCOR Group by 3.4% during the 1st quarter. Alps Advisors Inc. now owns 908 shares of the construction company’s stock valued at $336,000 after acquiring an additional 30 shares in the last quarter. Finally, HighPoint Advisor Group LLC grew its stake in EMCOR Group by 4.1% during the 4th quarter. HighPoint Advisor Group LLC now owns 804 shares of the construction company’s stock valued at $359,000 after acquiring an additional 32 shares in the last quarter. 92.59% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Anthony Guzzi sold 7,000 shares of the firm’s stock in a transaction on Monday, May 5th. The shares were sold at an average price of $436.03, for a total value of $3,052,210.00. Following the sale, the chief executive officer directly owned 208,989 shares in the company, valued at approximately $91,125,473.67. This trade represents a 3.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robin A. Walker-Lee sold 947 shares of the firm’s stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $412.83, for a total transaction of $390,950.01. Following the completion of the sale, the director owned 7,094 shares in the company, valued at $2,928,616.02. The trade was a 11.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.83% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

EME has been the subject of several analyst reports. Stifel Nicolaus increased their price target on shares of EMCOR Group from $503.00 to $597.00 and gave the company a “buy” rating in a research note on Friday, July 11th. William Blair initiated coverage on shares of EMCOR Group in a research note on Friday, June 27th. They issued an “outperform” rating for the company. The Goldman Sachs Group increased their price target on shares of EMCOR Group from $384.00 to $435.00 and gave the company a “sell” rating in a research note on Tuesday, July 8th. Robert W. Baird started coverage on shares of EMCOR Group in a research note on Friday, June 27th. They issued an “outperform” rating and a $560.00 price target for the company. Finally, Hovde Group upgraded shares of EMCOR Group to a “hold” rating in a report on Friday, June 27th. One analyst has rated the stock with a sell rating, one has given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, EMCOR Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $532.00.

EMCOR Group Stock Up 1.2%

EMCOR Group stock traded up $6.98 during mid-day trading on Friday, reaching $566.23. 21,608 shares of the company’s stock were exchanged, compared to its average volume of 448,139. The company has a market cap of $25.34 billion, a P/E ratio of 25.06 and a beta of 1.24. EMCOR Group, Inc. has a twelve month low of $319.49 and a twelve month high of $570.06. The company has a quick ratio of 1.14, a current ratio of 1.16 and a debt-to-equity ratio of 0.08. The company has a fifty day moving average of $497.09 and a 200-day moving average of $447.13.

EMCOR Group (NYSE:EME) last released its earnings results on Wednesday, April 30th. The construction company reported $5.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.57 by $0.84. The company had revenue of $3.87 billion for the quarter, compared to analyst estimates of $3.78 billion. EMCOR Group had a net margin of 7.00% and a return on equity of 37.12%. The firm’s quarterly revenue was up 12.7% on a year-over-year basis. During the same period in the prior year, the business earned $4.17 EPS. Sell-side analysts expect that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Tuesday, July 15th will be issued a $0.25 dividend. The ex-dividend date is Tuesday, July 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.18%. EMCOR Group’s payout ratio is 4.42%.

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.