EMCOR Group, Inc. (NYSE:EME) Short Interest Update

EMCOR Group, Inc. (NYSE:EME - Get Free Report) was the target of a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 934,600 shares, an increase of 17.0% from the February 13th total of 798,900 shares. Approximately 2.1% of the company's shares are short sold. Based on an average trading volume of 477,000 shares, the short-interest ratio is currently 2.0 days.

Insider Transactions at EMCOR Group

In related news, CAO Maxine Lum Mauricio sold 1,250 shares of the firm's stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $370.07, for a total value of $462,587.50. Following the transaction, the chief accounting officer now owns 27,642 shares in the company, valued at approximately $10,229,474.94. This trade represents a 4.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.26% of the company's stock.

Institutional Trading of EMCOR Group

Hedge funds have recently made changes to their positions in the stock. Continuum Advisory LLC grew its position in shares of EMCOR Group by 53.7% during the fourth quarter. Continuum Advisory LLC now owns 83 shares of the construction company's stock worth $38,000 after buying an additional 29 shares in the last quarter. Dogwood Wealth Management LLC acquired a new stake in shares of EMCOR Group during the fourth quarter worth approximately $40,000. Summit Securities Group LLC acquired a new stake in shares of EMCOR Group during the fourth quarter worth approximately $45,000. Park Square Financial Group LLC acquired a new stake in shares of EMCOR Group during the fourth quarter worth approximately $48,000. Finally, True Wealth Design LLC boosted its holdings in EMCOR Group by 3,466.7% in the third quarter. True Wealth Design LLC now owns 107 shares of the construction company's stock worth $46,000 after purchasing an additional 104 shares during the period. Institutional investors and hedge funds own 92.59% of the company's stock.

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EMCOR Group Stock Down 1.1 %

Shares of EME traded down $4.41 during mid-day trading on Friday, reaching $395.11. 1,255,897 shares of the stock traded hands, compared to its average volume of 432,293. The firm has a market cap of $17.97 billion, a price-to-earnings ratio of 20.07 and a beta of 1.14. The stock has a fifty day simple moving average of $434.48 and a 200 day simple moving average of $450.16. EMCOR Group has a 12-month low of $319.49 and a 12-month high of $545.30.

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 analysts' consensus estimates of $5.53 by $0.79. The company had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.81 billion. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. On average, equities research analysts expect that EMCOR Group will post 20.74 earnings per share for the current fiscal year.

EMCOR Group announced that its board has authorized a share repurchase program on Wednesday, February 26th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the construction company to buy up to 2.6% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's management believes its shares are undervalued.

EMCOR Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Thursday, January 16th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.25%. The ex-dividend date of this dividend was Thursday, January 16th. EMCOR Group's payout ratio is currently 4.64%.

Analyst Ratings Changes

EME has been the topic of several research reports. Stifel Nicolaus cut their price target on shares of EMCOR Group from $600.00 to $514.00 and set a "buy" rating on the stock in a report on Thursday, February 27th. StockNews.com lowered shares of 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 assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $497.25.

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.