EMCOR Group, Inc. (NYSE:EME) Shares Purchased by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC boosted its holdings in EMCOR Group, Inc. (NYSE:EME) by 0.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,571 shares of the construction company’s stock after acquiring an additional 82 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in EMCOR Group were worth $4,344,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. True Wealth Design LLC lifted its stake in EMCOR Group by 3,466.7% during the third quarter. True Wealth Design LLC now owns 107 shares of the construction company’s stock worth $46,000 after purchasing an additional 104 shares in the last quarter. SJS Investment Consulting Inc. lifted its stake in EMCOR Group by 494.7% during the fourth quarter. SJS Investment Consulting Inc. now owns 113 shares of the construction company’s stock worth $51,000 after purchasing an additional 94 shares in the last quarter. Prospera Private Wealth LLC acquired a new position in EMCOR Group during the third quarter worth $55,000. MassMutual Private Wealth & Trust FSB lifted its stake in EMCOR Group by 14.4% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 199 shares of the construction company’s stock worth $90,000 after purchasing an additional 25 shares in the last quarter. Finally, First Horizon Advisors Inc. lifted its stake in EMCOR Group by 13.0% during the third quarter. First Horizon Advisors Inc. now owns 235 shares of the construction company’s stock worth $101,000 after purchasing an additional 27 shares in the last quarter. 92.59% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CAO Maxine Lum Mauricio sold 1,250 shares of the stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $370.07, for a total transaction of $462,587.50. Following the completion of the sale, the chief accounting officer now owns 27,642 shares in the company, valued at approximately $10,229,474.94. This represents a 4.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.26% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Stifel Nicolaus decreased their price target on EMCOR Group from $600.00 to $514.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. Northcoast Research assumed coverage on EMCOR Group in a research report on Friday, November 22nd. They set a “buy” rating and a $600.00 price objective on the stock. StockNews.com lowered EMCOR Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 25th. Finally, The Goldman Sachs Group assumed coverage on EMCOR Group in a research report on Friday, November 22nd. They set a “sell” rating and a $445.00 price objective on the stock. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to MarketBeat, EMCOR Group currently has a consensus rating of “Moderate Buy” and an average price target of $497.25.

EMCOR Group Price Performance

NYSE:EME opened at $395.11 on Friday. The firm has a market capitalization of $17.97 billion, a PE ratio of 20.07 and a beta of 1.14. The business’s fifty day moving average price is $434.48 and its 200 day moving average price is $449.53. EMCOR Group, Inc. has a 12 month low of $319.49 and a 12 month high of $545.30.

EMCOR Group (NYSE:EME) last posted its earnings results on Wednesday, February 26th. The construction company reported $6.32 EPS for the quarter, beating the consensus estimate of $5.53 by $0.79. The firm had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.81 billion. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. As a group, equities analysts anticipate that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group announced that its Board of Directors has authorized a stock repurchase program on Wednesday, February 26th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the construction company to buy up to 2.6% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

EMCOR Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Thursday, January 16th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.25%. The ex-dividend date of this dividend was Thursday, January 16th. EMCOR Group’s payout ratio is 4.64%.

About EMCOR Group

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.