Yousif Capital Management LLC Decreases Position in EMCOR Group, Inc. (NYSE:EME)

Yousif Capital Management LLC trimmed its position in shares of EMCOR Group, Inc. (NYSE:EME) by 0.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 23,135 shares of the construction company’s stock after selling 181 shares during the quarter. Yousif Capital Management LLC’s holdings in EMCOR Group were worth $4,984,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Allworth Financial LP raised its holdings in shares of EMCOR Group by 83.8% in the fourth quarter. Allworth Financial LP now owns 136 shares of the construction company’s stock worth $29,000 after acquiring an additional 62 shares during the last quarter. Arlington Trust Co LLC acquired a new position in shares of EMCOR Group in the third quarter worth $35,000. CVA Family Office LLC acquired a new position in shares of EMCOR Group in the fourth quarter worth $39,000. Cullen Frost Bankers Inc. acquired a new position in shares of EMCOR Group in the third quarter worth $42,000. Finally, Lindbrook Capital LLC raised its holdings in shares of EMCOR Group by 32.5% in the fourth quarter. Lindbrook Capital LLC now owns 208 shares of the construction company’s stock worth $45,000 after acquiring an additional 51 shares during the last quarter. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. KeyCorp assumed coverage on EMCOR Group in a report on Wednesday, January 10th. They issued a “sector weight” rating for the company. DA Davidson reissued a “buy” rating and issued a $375.00 price target on shares of EMCOR Group in a report on Friday, March 22nd.

EMCOR Group Trading Up 3.0 %

EMCOR Group stock opened at $349.06 on Friday. The firm has a market capitalization of $16.43 billion, a P/E ratio of 26.23 and a beta of 1.10. The stock has a fifty day moving average price of $326.74 and a 200 day moving average price of $254.57. EMCOR Group, Inc. has a 52 week low of $155.46 and a 52 week high of $369.53.

EMCOR Group (NYSE:EME) last released its earnings results on Thursday, April 25th. The construction company reported $4.17 EPS for the quarter, beating the consensus estimate of $2.92 by $1.25. The firm had revenue of $3.43 billion during the quarter. EMCOR Group had a return on equity of 28.41% and a net margin of 5.03%. As a group, equities analysts predict that EMCOR Group, Inc. will post 14.5 EPS for the current year.

EMCOR Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 16th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, April 15th. This is a positive change from EMCOR Group’s previous quarterly dividend of $0.18. This represents a $1.00 annualized dividend and a yield of 0.29%. EMCOR Group’s dividend payout ratio is currently 7.51%.

Insiders Place Their Bets

In other EMCOR Group news, CEO Anthony Guzzi sold 6,000 shares of the company’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $319.65, for a total transaction of $1,917,900.00. Following the completion of 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.60% of the stock is currently owned by insiders.

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.