StockNews.com started coverage on shares of EMCOR Group (NYSE:EME – Free Report) in a report published on Thursday morning. The brokerage issued a strong-buy rating on the construction company’s stock.

EMCOR Group Price Performance

Shares of EME stock traded up $1.22 during midday trading on Thursday, reaching $213.19. 28,408 shares of the company were exchanged, compared to its average volume of 374,747. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.26 and a current ratio of 1.29. The company’s 50 day moving average price is $193.60 and its two-hundred day moving average price is $171.88. EMCOR Group has a 12 month low of $112.85 and a 12 month high of $223.49. The company has a market cap of $10.14 billion, a P/E ratio of 21.07 and a beta of 1.12.

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EMCOR Group (NYSE:EME – Get Free Report) last announced its quarterly earnings data on Thursday, July 27th. The construction company reported $2.95 EPS for the quarter, beating analysts’ consensus estimates of $2.37 by $0.58. The firm had revenue of $3.05 billion for the quarter, compared to the consensus estimate of $3.01 billion. EMCOR Group had a net margin of 4.13% and a return on equity of 24.20%. The firm’s revenue was up 12.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.99 earnings per share. On average, sell-side analysts expect that EMCOR Group will post 11.01 earnings per share for the current year.

EMCOR Group Announces Dividend

Insider Transactions at EMCOR Group

The company also recently announced a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Thursday, July 20th were paid a $0.18 dividend. The ex-dividend date of this dividend was Wednesday, July 19th. This represents a $0.72 annualized dividend and a dividend yield of 0.34%. EMCOR Group’s dividend payout ratio is presently 7.16%.

In related news, CEO Anthony Guzzi sold 11,000 shares of the business’s stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $196.37, for a total value of $2,160,070.00. Following the completion of the transaction, the chief executive officer now owns 224,722 shares of the company’s stock, valued at $44,128,659.14. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Over the last 90 days, insiders sold 22,000 shares of company stock valued at $4,196,296. 1.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On EMCOR Group

A number of institutional investors and hedge funds have recently bought and sold shares of EME. Quantinno Capital Management LP grew its stake in EMCOR Group by 2.2% in the second quarter. Quantinno Capital Management LP now owns 2,413 shares of the construction company’s stock worth $446,000 after purchasing an additional 52 shares during the period. Coldstream Capital Management Inc. grew its position in shares of EMCOR Group by 1.4% during the second quarter. Coldstream Capital Management Inc. now owns 4,286 shares of the construction company’s stock worth $792,000 after purchasing an additional 58 shares in the last quarter. Mutual Advisors LLC grew its holdings in EMCOR Group by 4.6% during the 2nd quarter. Mutual Advisors LLC now owns 1,350 shares of the construction company’s stock valued at $249,000 after buying an additional 59 shares in the last quarter. Altus Wealth Group LLC lifted its stake in shares of EMCOR Group by 4.4% in the 1st quarter. Altus Wealth Group LLC now owns 1,552 shares of the construction company’s stock valued at $252,000 after purchasing an additional 65 shares during the last quarter. Finally, Captrust Financial Advisors lifted its stake in shares of EMCOR Group by 1.0% during the 4th quarter. Captrust Financial Advisors now owns 6,867 shares of the construction company’s stock worth $1,017,000 after acquiring an additional 71 shares during the last quarter. 96.67% of the stock is owned by hedge funds and other institutional investors.

EMCOR Group Company Profile

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EMCOR Group, Inc provides electrical and mechanical construction, and facilities services primarily in the United States and the United Kingdom. It offers design, integration, installation, start-up, operation, and maintenance services related to electrical power transmission, distribution, and generation systems; energy solutions; premises electrical and lighting systems; process instrumentation in the refining, chemical processing, and food processing industries; low-voltage systems, such as fire alarm, security, and process control systems; voice and data communications systems; roadway and transit lighting, signaling, and fiber optic lines; 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.

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