Emcor Group Inc (NYSE:EME) Chairman Anthony Guzzi sold 12,314 shares of the business’s stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $78.07, for a total value of $961,353.98. Following the completion of the sale, the chairman now directly owns 394,190 shares of the company’s stock, valued at approximately $30,774,413.30. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Anthony Guzzi also recently made the following trade(s):

  • On Thursday, April 4th, Anthony Guzzi sold 7,232 shares of Emcor Group stock. The shares were sold at an average price of $75.06, for a total value of $542,833.92.
  • On Monday, April 1st, Anthony Guzzi sold 1,000 shares of Emcor Group stock. The shares were sold at an average price of $75.00, for a total value of $75,000.00.

Shares of NYSE:EME opened at $79.80 on Wednesday. Emcor Group Inc has a 1 year low of $57.29 and a 1 year high of $82.04. The stock has a market cap of $4.46 billion, a P/E ratio of 16.25, a price-to-earnings-growth ratio of 1.01 and a beta of 1.15. The company has a current ratio of 1.38, a quick ratio of 1.35 and a debt-to-equity ratio of 0.16.

Emcor Group (NYSE:EME) last announced its quarterly earnings results on Thursday, February 21st. The construction company reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.03. Emcor Group had a return on equity of 16.51% and a net margin of 3.49%. The company had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.05 billion. During the same quarter in the previous year, the business earned $1.13 EPS. Emcor Group’s revenue was up 10.8% compared to the same quarter last year. On average, analysts expect that Emcor Group Inc will post 5.25 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Thursday, April 18th will be issued a dividend of $0.08 per share. The ex-dividend date is Wednesday, April 17th. This represents a $0.32 dividend on an annualized basis and a yield of 0.40%. Emcor Group’s dividend payout ratio is presently 6.52%.

A number of large investors have recently made changes to their positions in EME. Norges Bank purchased a new position in shares of Emcor Group during the 4th quarter worth approximately $39,911,000. Fiera Capital Corp grew its holdings in shares of Emcor Group by 28.1% during the 4th quarter. Fiera Capital Corp now owns 737,008 shares of the construction company’s stock worth $43,992,000 after acquiring an additional 161,524 shares during the period. BlackRock Inc. grew its holdings in shares of Emcor Group by 1.7% during the 4th quarter. BlackRock Inc. now owns 6,848,177 shares of the construction company’s stock worth $408,769,000 after acquiring an additional 117,137 shares during the period. Thrivent Financial for Lutherans grew its holdings in shares of Emcor Group by 29.2% during the 4th quarter. Thrivent Financial for Lutherans now owns 482,241 shares of the construction company’s stock worth $28,785,000 after acquiring an additional 108,919 shares during the period. Finally, Geode Capital Management LLC grew its holdings in shares of Emcor Group by 13.6% during the 4th quarter. Geode Capital Management LLC now owns 900,415 shares of the construction company’s stock worth $53,745,000 after acquiring an additional 107,927 shares during the period. Institutional investors own 95.49% of the company’s stock.

EME has been the topic of a number of research analyst reports. Zacks Investment Research downgraded Emcor Group from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd. ValuEngine upgraded Emcor Group from a “sell” rating to a “hold” rating in a report on Wednesday, March 20th. Finally, Maxim Group restated a “hold” rating and set a $73.00 price target (up previously from $68.00) on shares of Emcor Group in a report on Wednesday, March 6th.

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Emcor Group Company Profile

EMCOR Group, Inc provides electrical and mechanical construction, and facilities services in the United States. The company designs, integrates, installs, starts-up, operates, and maintains electric power transmission and distribution systems; premises electrical and lighting systems; process instrumentation in the refining, chemical and food processing, and mining industries; low-voltage, voice and data communications, fire protection, water and wastewater treatment, controls and filtration, central plant heating and cooling, plumbing, process, and piping systems; roadway and transit lighting, and fiber-optic lines; and heating, ventilation, air conditioning, refrigeration, and clean-room process ventilation systems, as well as offers crane, rigging, and millwright; and steel fabrication, erection, and welding services.

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Insider Buying and Selling by Quarter for Emcor Group (NYSE:EME)

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