Emcor Group Inc (NYSE:EME) Chairman Anthony Guzzi sold 23,434 shares of the firm’s stock in a transaction on Thursday, August 16th. The stock was sold at an average price of $76.55, for a total value of $1,793,872.70. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Shares of NYSE:EME opened at $77.94 on Monday. The firm has a market cap of $4.47 billion, a P/E ratio of 19.20, a P/E/G ratio of 1.09 and a beta of 0.97. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.46 and a quick ratio of 1.43. Emcor Group Inc has a 12-month low of $62.15 and a 12-month high of $85.08.

Emcor Group (NYSE:EME) last posted its quarterly earnings data on Thursday, July 26th. The construction company reported $1.23 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.00 by $0.23. Emcor Group had a return on equity of 15.44% and a net margin of 3.15%. The firm had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.92 billion. During the same period last year, the company posted $0.95 EPS. The business’s quarterly revenue was up 3.1% on a year-over-year basis. analysts expect that Emcor Group Inc will post 4.67 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 31st. Stockholders of record on Friday, July 20th were given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.41%. The ex-dividend date of this dividend was Thursday, July 19th. Emcor Group’s dividend payout ratio (DPR) is presently 7.88%.

Several hedge funds have recently bought and sold shares of the company. Renaissance Technologies LLC raised its position in shares of Emcor Group by 0.4% in the 2nd quarter. Renaissance Technologies LLC now owns 182,000 shares of the construction company’s stock worth $13,865,000 after acquiring an additional 700 shares in the last quarter. Aperio Group LLC raised its position in shares of Emcor Group by 2.6% in the 1st quarter. Aperio Group LLC now owns 28,662 shares of the construction company’s stock worth $2,234,000 after acquiring an additional 720 shares in the last quarter. Segall Bryant & Hamill LLC raised its position in shares of Emcor Group by 1.4% in the 2nd quarter. Segall Bryant & Hamill LLC now owns 53,491 shares of the construction company’s stock worth $4,075,000 after acquiring an additional 760 shares in the last quarter. Amalgamated Bank raised its position in shares of Emcor Group by 9.4% in the 2nd quarter. Amalgamated Bank now owns 9,245 shares of the construction company’s stock worth $704,000 after acquiring an additional 791 shares in the last quarter. Finally, Verition Fund Management LLC raised its position in shares of Emcor Group by 14.2% in the 1st quarter. Verition Fund Management LLC now owns 6,429 shares of the construction company’s stock worth $501,000 after acquiring an additional 799 shares in the last quarter. 93.07% of the stock is owned by hedge funds and other institutional investors.

Separately, Zacks Investment Research raised Emcor Group from a “hold” rating to a “buy” rating and set a $85.00 target price for the company in a research report on Tuesday, July 31st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. Emcor Group has a consensus rating of “Hold” and a consensus target price of $86.00.

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 process, food process, and mining industries; low-voltage, voice and data communications, fire protection, water and wastewater treatment, and controls and filtration systems; roadway and transit lighting and fiber-optic lines; heating, ventilation, air conditioning, refrigeration, and clean-room process ventilation systems; plumbing, processing, and piping systems; and central plant heating and cooling systems, as well as offers cranes and rigging, millwrighting, and steel fabrication, erection, and welding services.

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