EMCOR Group, Inc. (NYSE:EME) is Hennessy Advisors Inc.'s 5th Largest Position

Hennessy Advisors Inc. raised its stake in EMCOR Group, Inc. (NYSE:EME - Free Report) by 18.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 143,100 shares of the construction company's stock after acquiring an additional 22,700 shares during the quarter. EMCOR Group makes up approximately 2.1% of Hennessy Advisors Inc.'s investment portfolio, making the stock its 5th largest position. Hennessy Advisors Inc. owned approximately 0.30% of EMCOR Group worth $50,114,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Ausbil Investment Management Ltd increased its position in shares of EMCOR Group by 17.7% in the first quarter. Ausbil Investment Management Ltd now owns 10,994 shares of the construction company's stock valued at $3,901,000 after buying an additional 1,655 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of EMCOR Group by 89.9% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 21,688 shares of the construction company's stock valued at $7,595,000 after buying an additional 10,269 shares in the last quarter. Counterpoint Mutual Funds LLC purchased a new stake in shares of EMCOR Group in the first quarter valued at approximately $652,000. Bourne Lent Asset Management Inc. purchased a new stake in shares of EMCOR Group in the first quarter valued at approximately $258,000. Finally, Ignite Planners LLC purchased a new stake in shares of EMCOR Group in the first quarter valued at approximately $209,000. 92.59% of the stock is owned by institutional investors and hedge funds.

EMCOR Group Stock Performance

Shares of EME traded down $5.24 during trading hours on Friday, hitting $365.14. 898,825 shares of the stock were exchanged, compared to its average volume of 469,777. EMCOR Group, Inc. has a 12-month low of $178.52 and a 12-month high of $401.98. The company has a market cap of $17.16 billion, a price-to-earnings ratio of 24.44 and a beta of 1.08. The stock's 50-day moving average price is $374.58 and its two-hundred day moving average price is $307.78.

EMCOR Group (NYSE:EME - Get Free Report) last issued its quarterly earnings results on Thursday, April 25th. The construction company reported $4.17 EPS for the quarter, topping the consensus estimate of $2.92 by $1.25. EMCOR Group had a return on equity of 30.38% and a net margin of 5.48%. The firm had revenue of $3.43 billion during the quarter. On average, research analysts expect that EMCOR Group, Inc. will post 16.1 earnings per share for the current year.

EMCOR Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Tuesday, April 16th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.27%. This is a boost from EMCOR Group's previous quarterly dividend of $0.18. The ex-dividend date was Monday, April 15th. EMCOR Group's payout ratio is presently 6.60%.

Analyst Ratings Changes

Separately, DA Davidson restated a "buy" rating and issued a $375.00 price objective on shares of EMCOR Group in a research report on Friday, March 22nd.

Insider Buying and Selling at EMCOR Group

In other EMCOR Group news, Director Carol P. Lowe sold 1,245 shares of the company's stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $374.23, for a total value of $465,916.35. Following the completion of the sale, the director now directly owns 16,807 shares in the company, valued at approximately $6,289,683.61. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 1.26% of the stock is owned by company insiders.

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.