NBC Securities Inc. Sells 887 Shares of EMCOR Group, Inc. (NYSE:EME)

NBC Securities Inc. decreased its holdings in shares of EMCOR Group, Inc. (NYSE:EME) by 19.2% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 3,728 shares of the construction company’s stock after selling 887 shares during the period. NBC Securities Inc.’s holdings in EMCOR Group were worth $1,605,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Matrix Trust Co purchased a new stake in shares of EMCOR Group in the 2nd quarter valued at about $26,000. Proffitt & Goodson Inc. bought a new position in shares of EMCOR Group in the second quarter worth approximately $27,000. ORG Wealth Partners LLC purchased a new stake in EMCOR Group in the third quarter valued at approximately $33,000. Innealta Capital LLC bought a new stake in EMCOR Group during the second quarter valued at approximately $29,000. Finally, ORG Partners LLC purchased a new position in EMCOR Group in the 2nd quarter worth approximately $31,000. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on EME shares. StockNews.com upgraded shares of EMCOR Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 9th. DA Davidson lifted their price target on EMCOR Group from $410.00 to $430.00 and gave the stock a “buy” rating in a research note on Friday, July 26th.

EMCOR Group Price Performance

Shares of NYSE EME opened at $444.99 on Wednesday. The stock has a market capitalization of $20.91 billion, a P/E ratio of 29.35 and a beta of 1.07. EMCOR Group, Inc. has a one year low of $191.50 and a one year high of $454.84. The firm’s 50 day simple moving average is $398.04 and its two-hundred day simple moving average is $378.79.

EMCOR Group (NYSE:EME) last released its earnings results on Thursday, July 25th. The construction company reported $5.25 EPS for the quarter, beating the consensus estimate of $3.76 by $1.49. The company had revenue of $3.67 billion for the quarter, compared to analyst estimates of $3.52 billion. EMCOR Group had a net margin of 6.01% and a return on equity of 32.73%. The firm’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same quarter last year, the firm earned $2.95 EPS. As a group, equities analysts expect that EMCOR Group, Inc. will post 19.5 earnings per share for the current fiscal year.

EMCOR Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 30th. Investors of record on Tuesday, October 15th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.22%. The ex-dividend date of this dividend is Tuesday, October 15th. EMCOR Group’s dividend payout ratio is presently 6.60%.

Insider Buying and Selling

In other news, Director Robin A. Walker-Lee sold 1,300 shares of the stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $370.79, for a total transaction of $482,027.00. Following the completion of the sale, the director now owns 8,637 shares of the company’s stock, valued at approximately $3,202,513.23. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.26% of the stock is owned by corporate insiders.

EMCOR Group Company 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.