Louisiana State Employees Retirement System Makes New Investment in EMCOR Group, Inc. (NYSE:EME)

Louisiana State Employees Retirement System purchased a new position in shares of EMCOR Group, Inc. (NYSE:EME) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 13,200 shares of the construction company’s stock, valued at approximately $2,844,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. BlackRock Inc. raised its position in shares of 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 buying an additional 47,507 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its position in shares of 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 buying an additional 82,360 shares in the last quarter. FMR LLC grew its stake in shares of EMCOR Group by 7.3% in 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 last quarter. State Street Corp grew its stake in shares of EMCOR Group by 3.6% in 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 last quarter. Finally, Fuller & Thaler Asset Management Inc. grew its stake in shares of EMCOR Group by 41.0% in 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 last quarter. 92.59% of the stock is currently owned by institutional investors.

Insider Transactions at EMCOR Group

In other news, CEO Anthony Guzzi sold 6,000 shares of EMCOR Group stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $319.65, for a total value of $1,917,900.00. Following the transaction, the chief executive officer now directly owns 219,023 shares of the company’s stock, valued at $70,010,701.95. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.60% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on EME shares. DA Davidson reaffirmed a “buy” rating and issued a $375.00 price objective on shares of EMCOR Group in a research note on Friday, March 22nd. KeyCorp started coverage on shares of EMCOR Group in a research note on Wednesday, January 10th. They issued a “sector weight” rating on the stock.

EMCOR Group Price Performance

Shares of EME opened at $347.31 on Tuesday. The firm’s 50 day moving average is $309.31 and its 200-day moving average is $246.85. The stock has a market capitalization of $16.34 billion, a P/E ratio of 26.09 and a beta of 1.10. EMCOR Group, Inc. has a 12-month low of $155.14 and a 12-month high of $369.53.

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

EMCOR Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 16th will be given a $0.25 dividend. This is an increase from EMCOR Group’s previous quarterly dividend of $0.18. This represents a $1.00 annualized dividend and a dividend yield of 0.29%. The ex-dividend date is Monday, April 15th. EMCOR Group’s dividend payout ratio (DPR) is 5.41%.

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.