Royce & Associates LP Sells 2,945 Shares of EMCOR Group, Inc. (NYSE:EME)

Royce & Associates LP reduced its stake in EMCOR Group, Inc. (NYSE:EME - Free Report) by 52.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,698 shares of the construction company's stock after selling 2,945 shares during the quarter. Royce & Associates LP's holdings in EMCOR Group were worth $1,225,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. True Wealth Design LLC boosted its stake in shares of EMCOR Group by 3,466.7% in the 3rd quarter. True Wealth Design LLC now owns 107 shares of the construction company's stock worth $46,000 after buying an additional 104 shares during the last quarter. SJS Investment Consulting Inc. boosted its stake in EMCOR Group by 494.7% in the fourth quarter. SJS Investment Consulting Inc. now owns 113 shares of the construction company's stock valued at $51,000 after acquiring an additional 94 shares during the last quarter. Prospera Private Wealth LLC bought a new position in shares of EMCOR Group during the 3rd quarter valued at approximately $55,000. MassMutual Private Wealth & Trust FSB increased its stake in shares of EMCOR Group by 14.4% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 199 shares of the construction company's stock worth $90,000 after purchasing an additional 25 shares during the last quarter. Finally, First Horizon Advisors Inc. raised its holdings in shares of EMCOR Group by 13.0% in the 3rd quarter. First Horizon Advisors Inc. now owns 235 shares of the construction company's stock worth $101,000 after purchasing an additional 27 shares during the period. 92.59% of the stock is currently owned by institutional investors.

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Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Stifel Nicolaus decreased their target price on EMCOR Group from $600.00 to $514.00 and set a "buy" rating for the company in a research report on Thursday, February 27th. StockNews.com lowered EMCOR Group from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $497.25.

Insider Activity at EMCOR Group

In other news, CAO Maxine Lum Mauricio sold 1,250 shares of the company's stock in a transaction dated 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 transaction, the chief accounting officer now directly owns 27,642 shares in the company, valued at approximately $10,229,474.94. This represents a 4.33 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.26% of the stock is currently owned by insiders.

EMCOR Group Stock Performance

NYSE EME traded down $1.20 on Tuesday, hitting $411.65. The stock had a trading volume of 359,373 shares, compared to its average volume of 432,698. The firm has a 50-day moving average of $433.40 and a 200-day moving average of $451.24. EMCOR Group, Inc. has a 52-week low of $319.49 and a 52-week high of $545.30. The company has a market capitalization of $18.72 billion, a price-to-earnings ratio of 20.91 and a beta of 1.14.

EMCOR Group (NYSE:EME - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The construction company reported $6.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.53 by $0.79. The company had revenue of $3.77 billion during the quarter, compared to analyst estimates of $3.81 billion. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. As a group, research analysts anticipate that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Thursday, January 16th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.24%. The ex-dividend date was Thursday, January 16th. EMCOR Group's dividend payout ratio (DPR) is 4.64%.

EMCOR Group declared that its board has initiated a share repurchase plan on Wednesday, February 26th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the construction company to buy up to 2.6% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's management believes its shares are undervalued.

EMCOR Group Company 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.