NBC Securities Inc. Has $1.16 Million Position in EMCOR Group, Inc. (NYSE:EME)

NBC Securities Inc. boosted its position in EMCOR Group, Inc. (NYSE:EME) by 104,800.0% in the 1st quarter, HoldingsChannel.com reports. The firm owned 3,147 shares of the construction company’s stock after buying an additional 3,144 shares during the period. NBC Securities Inc.’s holdings in EMCOR Group were worth $1,163,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Redwood Investment Management LLC bought a new stake in EMCOR Group in the 4th quarter valued at $1,417,000. Van ECK Associates Corp boosted its stake in EMCOR Group by 5.3% in the 4th quarter. Van ECK Associates Corp now owns 9,903 shares of the construction company’s stock valued at $4,495,000 after purchasing an additional 502 shares during the period. Quantbot Technologies LP bought a new stake in EMCOR Group in the 4th quarter valued at $1,192,000. Asset Management One Co. Ltd. boosted its stake in EMCOR Group by 16.3% in the 4th quarter. Asset Management One Co. Ltd. now owns 19,738 shares of the construction company’s stock valued at $9,067,000 after purchasing an additional 2,770 shares during the period. Finally, Stevens Capital Management LP bought a new stake in EMCOR Group in the 4th quarter valued at $309,000. 92.59% of the stock is currently owned by institutional investors.

EMCOR Group Stock Performance

NYSE:EME opened at $484.58 on Wednesday. The stock has a fifty day moving average price of $417.15 and a 200-day moving average price of $441.47. The company has a market cap of $21.69 billion, a price-to-earnings ratio of 24.61 and a beta of 1.18. EMCOR Group, Inc. has a fifty-two week low of $319.49 and a fifty-two week high of $545.30.

EMCOR Group (NYSE:EME) last released its earnings results on Wednesday, April 30th. The construction company reported $5.41 earnings per share for the quarter, beating analysts’ consensus estimates of $4.57 by $0.84. The firm had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.78 billion. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. The company’s revenue was up 12.7% compared to the same quarter last year. During the same period in the prior year, the company posted $4.17 EPS. Research analysts predict that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group announced that its Board of Directors has authorized a stock repurchase program on Wednesday, February 26th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the construction company to purchase up to 2.6% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

EMCOR Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Thursday, April 17th were given a dividend of $0.25 per share. The ex-dividend date was Thursday, April 17th. This represents a $1.00 annualized dividend and a dividend yield of 0.21%. EMCOR Group’s dividend payout ratio is currently 4.42%.

Insider Buying and Selling

In related news, Director Robin A. Walker-Lee sold 947 shares of the company’s stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $412.83, for a total transaction of $390,950.01. Following the completion of the sale, the director now directly owns 7,094 shares in the company, valued at $2,928,616.02. This represents a 11.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Maxine Lum Mauricio sold 1,250 shares of the company’s stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $370.07, for a total value of $462,587.50. Following the sale, the chief accounting officer now owns 27,642 shares of the company’s stock, valued at approximately $10,229,474.94. This represents a 4.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,197 shares of company stock worth $3,905,748 in the last ninety days. 0.83% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts recently issued reports on EME shares. Wall Street Zen downgraded EMCOR Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 25th. Stifel Nicolaus cut their target price on EMCOR Group from $514.00 to $503.00 and set a “buy” rating for the company in a research report on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, EMCOR Group presently has a consensus rating of “Moderate Buy” and an average target price of $494.50.

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.