Retirement Guys Formula LLC Buys New Position in EMCOR Group, Inc. (NYSE:EME)

Retirement Guys Formula LLC bought a new stake in shares of EMCOR Group, Inc. (NYSE:EME) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 513 shares of the construction company’s stock, valued at approximately $221,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Little House Capital LLC boosted its holdings in EMCOR Group by 206.8% during the 3rd quarter. Little House Capital LLC now owns 4,589 shares of the construction company’s stock valued at $1,976,000 after acquiring an additional 3,093 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in EMCOR Group by 4.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 354,045 shares of the construction company’s stock valued at $152,427,000 after acquiring an additional 14,447 shares during the period. Vest Financial LLC boosted its holdings in EMCOR Group by 16.8% during the 3rd quarter. Vest Financial LLC now owns 3,449 shares of the construction company’s stock valued at $1,485,000 after acquiring an additional 497 shares during the period. Warren Street Wealth Advisors LLC purchased a new position in EMCOR Group during the 3rd quarter valued at about $227,000. Finally, Kirr Marbach & Co. LLC IN boosted its holdings in EMCOR Group by 0.3% during the 3rd quarter. Kirr Marbach & Co. LLC IN now owns 71,539 shares of the construction company’s stock valued at $30,800,000 after acquiring an additional 183 shares during the period. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

EMCOR Group Stock Performance

Shares of EME traded down $1.29 during midday trading on Monday, hitting $452.45. The company had a trading volume of 85,446 shares, compared to its average volume of 432,580. The company’s 50-day simple moving average is $403.92 and its 200-day simple moving average is $380.76. The firm has a market capitalization of $21.26 billion, a P/E ratio of 29.93 and a beta of 1.07. EMCOR Group, Inc. has a 1 year low of $191.50 and a 1 year high of $456.16.

EMCOR Group (NYSE:EME) last announced its quarterly earnings data on Thursday, July 25th. The construction company reported $5.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.76 by $1.49. The business had revenue of $3.67 billion during the quarter, compared to analysts’ expectations of $3.52 billion. EMCOR Group had a return on equity of 32.73% and a net margin of 6.01%. The business’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same quarter last year, the business posted $2.95 EPS. Equities analysts predict that EMCOR Group, Inc. will post 19.5 earnings per share for the current fiscal year.

EMCOR Group Dividend Announcement

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

Insider Buying and Selling

In related news, Director Robin A. Walker-Lee sold 1,300 shares of the business’s 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 in the company, valued at $3,202,513.23. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.26% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. DA Davidson increased their price target on EMCOR Group from $410.00 to $430.00 and gave the company a “buy” rating in a research report on Friday, July 26th. StockNews.com upgraded EMCOR Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 9th.

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.