EMCOR Group, Inc. (NYSE:EME – Get Free Report) declared a quarterly dividend on Thursday, April 2nd. Investors of record on Thursday, April 16th will be paid a dividend of 0.40 per share by the construction company on Thursday, April 30th. This represents a c) annualized dividend and a yield of 0.2%. The ex-dividend date is Thursday, April 16th.
EMCOR Group has increased its dividend payment by an average of 0.3%per year over the last three years and has increased its dividend annually for the last 5 consecutive years. EMCOR Group has a payout ratio of 6.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect EMCOR Group to earn $22.24 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 7.2%.
EMCOR Group Stock Performance
Shares of NYSE EME opened at $812.83 on Tuesday. The stock has a 50 day moving average price of $756.16 and a 200 day moving average price of $690.91. EMCOR Group has a 52 week low of $356.97 and a 52 week high of $835.00. The stock has a market capitalization of $36.20 billion, a PE ratio of 28.79 and a beta of 1.11.
Insider Transactions at EMCOR Group
In other EMCOR Group news, CEO Anthony Guzzi sold 36,000 shares of the company’s stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $729.48, for a total value of $26,261,280.00. Following the sale, the chief executive officer owned 170,299 shares in the company, valued at $124,229,714.52. This represents a 17.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.26% of the stock is owned by corporate insiders.
Institutional Trading of EMCOR Group
Several institutional investors and hedge funds have recently bought and sold shares of EME. Swiss RE Ltd. bought a new position in shares of EMCOR Group during the fourth quarter worth approximately $25,000. Main Street Group LTD increased its stake in shares of EMCOR Group by 110.0% during the third quarter. Main Street Group LTD now owns 42 shares of the construction company’s stock worth $27,000 after purchasing an additional 22 shares during the period. Barnes Dennig Private Wealth Management LLC bought a new position in shares of EMCOR Group during the fourth quarter worth approximately $26,000. Quent Capital LLC bought a new position in shares of EMCOR Group during the third quarter worth approximately $29,000. Finally, Zions Bancorporation National Association UT bought a new position in shares of EMCOR Group during the fourth quarter worth approximately $28,000. Institutional investors own 92.59% of the company’s stock.
About EMCOR Group
EMCOR Group, Inc is a provider of mechanical and electrical construction, industrial and energy infrastructure, and facilities services to commercial, institutional and industrial clients. The company delivers a broad range of services that include design-build and traditional construction of mechanical, electrical and plumbing systems; ongoing facilities maintenance and operations; and specialized industrial services for sectors such as manufacturing, data centers, healthcare and utilities.
EMCOR’s service offerings encompass HVAC, plumbing, electrical installation and maintenance, fire protection, building automation and controls, commissioning, testing and balancing, and energy management solutions.
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