RDA Financial Network Grows Stock Position in EMCOR Group, Inc. (NYSE:EME)

RDA Financial Network grew its position in shares of EMCOR Group, Inc. (NYSE:EME) by 5.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 721 shares of the construction company’s stock after buying an additional 40 shares during the period. RDA Financial Network’s holdings in EMCOR Group were worth $267,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Stratos Wealth Partners LTD. purchased a new stake in EMCOR Group during the fourth quarter valued at about $211,000. Sumitomo Mitsui Trust Group Inc. raised its position in shares of EMCOR Group by 1.4% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 104,201 shares of the construction company’s stock valued at $47,297,000 after purchasing an additional 1,447 shares during the period. Vest Financial LLC lifted its stake in shares of EMCOR Group by 52.6% during the 4th quarter. Vest Financial LLC now owns 5,264 shares of the construction company’s stock valued at $2,389,000 after buying an additional 1,815 shares in the last quarter. Wilmington Savings Fund Society FSB boosted its holdings in EMCOR Group by 119.8% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 2,090 shares of the construction company’s stock worth $949,000 after buying an additional 1,139 shares during the period. Finally, Entropy Technologies LP boosted its holdings in EMCOR Group by 386.5% in the 4th quarter. Entropy Technologies LP now owns 6,091 shares of the construction company’s stock worth $2,765,000 after buying an additional 4,839 shares during the period. Institutional investors own 92.59% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at EMCOR Group

In other news, Director Robin A. Walker-Lee sold 947 shares of the stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $412.83, for a total transaction of $390,950.01. Following the transaction, the director now directly owns 7,094 shares in the company, valued at approximately $2,928,616.02. This represents a 11.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Maxine Lum Mauricio sold 1,250 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief accounting officer now owns 27,642 shares of the company’s stock, valued at $10,229,474.94. The trade was a 4.33% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,197 shares of company stock worth $3,905,748 over the last three months. 0.83% of the stock is owned by insiders.

EMCOR Group Price Performance

Shares of NYSE:EME opened at $490.11 on Monday. The firm has a fifty day moving average price of $424.01 and a two-hundred day moving average price of $440.37. The company has a market cap of $21.94 billion, a price-to-earnings ratio of 24.89 and a beta of 1.23. EMCOR Group, Inc. has a one year low of $319.49 and a one year high of $545.30.

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

EMCOR Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Thursday, April 17th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.20%. The ex-dividend date of this dividend was Thursday, April 17th. EMCOR Group’s dividend payout ratio is currently 4.42%.

EMCOR Group declared that its board has approved a stock repurchase program on Wednesday, February 26th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the construction company to purchase up to 2.6% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

EMCOR Group Profile

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.