EMCOR Group (NYSE:EME) Shares Down 3.6% - Should You Sell?

Shares of EMCOR Group, Inc. (NYSE:EME - Get Free Report) fell 3.6% during trading on Friday . The company traded as low as $425.33 and last traded at $429.97. 92,402 shares traded hands during trading, a decline of 78% from the average session volume of 428,274 shares. The stock had previously closed at $446.11.

Wall Street Analysts Forecast Growth

EME has been the subject of several research analyst reports. StockNews.com raised shares of EMCOR Group from a "buy" rating to a "strong-buy" rating in a report on Wednesday, October 9th. DA Davidson lifted their price objective on shares of EMCOR Group from $410.00 to $430.00 and gave the company a "buy" rating in a research note on Friday, July 26th.

EMCOR Group Trading Down 4.0 %

The stock has a 50 day moving average price of $410.72 and a 200 day moving average price of $382.92. The company has a market capitalization of $20.13 billion, a P/E ratio of 29.42 and a beta of 1.07.

EMCOR Group (NYSE:EME - Get Free Report) last issued its quarterly earnings results on Thursday, July 25th. The construction company reported $5.25 EPS for the quarter, topping analysts' consensus estimates of $3.76 by $1.49. The company had revenue of $3.67 billion for the quarter, compared to analyst estimates of $3.52 billion. EMCOR Group had a net margin of 6.01% and a return on equity of 32.73%. EMCOR Group's revenue was up 20.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.95 earnings per share. On average, research analysts predict that EMCOR Group, Inc. will post 19.5 EPS for the current year.

EMCOR Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 30th. Investors of record on Tuesday, October 15th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.23%. The ex-dividend date of this dividend is Tuesday, October 15th. EMCOR Group's payout ratio is presently 6.60%.

Insider Transactions at EMCOR Group

In related news, Director Robin A. Walker-Lee sold 1,300 shares of the firm's stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $370.79, for a total transaction of $482,027.00. Following the completion of the sale, the director now owns 8,637 shares of the company's stock, valued at $3,202,513.23. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.26% of the stock is currently owned by corporate insiders.

Institutional Trading of EMCOR Group

Several large investors have recently made changes to their positions in EME. GW Henssler & Associates Ltd. raised its stake in shares of EMCOR Group by 6,571.4% in the third quarter. GW Henssler & Associates Ltd. now owns 57,441 shares of the construction company's stock worth $24,730,000 after purchasing an additional 56,580 shares during the last quarter. Cutter & CO Brokerage Inc. purchased a new position in shares of EMCOR Group during the 3rd quarter valued at $205,000. Pallas Capital Advisors LLC lifted its holdings in EMCOR Group by 67.5% during the third quarter. Pallas Capital Advisors LLC now owns 1,759 shares of the construction company's stock valued at $785,000 after purchasing an additional 709 shares during the last quarter. Inscription Capital LLC purchased a new stake in shares of EMCOR Group during the 3rd quarter valued at approximately $349,000. Finally, Semanteon Capital Management LP bought a new position in shares of EMCOR Group in the third quarter worth $1,226,000. 92.59% of the stock is currently owned by institutional investors and hedge funds.

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.