Wealth Enhancement Advisory Services LLC Purchases 10,269 Shares of EMCOR Group, Inc. (NYSE:EME)

Wealth Enhancement Advisory Services LLC grew its position in EMCOR Group, Inc. (NYSE:EME - Free Report) by 89.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,688 shares of the construction company's stock after buying an additional 10,269 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in EMCOR Group were worth $7,595,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in EME. Rise Advisors LLC purchased a new position in shares of EMCOR Group in the 1st quarter valued at $40,000. Northwest Investment Counselors LLC acquired a new position in EMCOR Group during the first quarter worth about $40,000. Allworth Financial LP raised its position in EMCOR Group by 83.8% during the fourth quarter. Allworth Financial LP now owns 136 shares of the construction company's stock worth $29,000 after acquiring an additional 62 shares during the last quarter. CVA Family Office LLC acquired a new position in EMCOR Group during the fourth quarter worth about $39,000. Finally, Evermay Wealth Management LLC purchased a new stake in shares of EMCOR Group during the fourth quarter worth about $39,000. Hedge funds and other institutional investors own 92.59% of the company's stock.

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 dated Thursday, June 6th. The shares were sold at an average price of $374.23, for a total transaction of $465,916.35. Following the completion of the sale, the director now directly owns 16,807 shares of the company's stock, valued at $6,289,683.61. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.26% of the company's stock.

EMCOR Group Trading Down 1.5 %

EME traded down $5.42 on Monday, reaching $359.66. The company had a trading volume of 468,345 shares, compared to its average volume of 469,778. The company has a fifty day moving average of $375.84 and a 200-day moving average of $311.10. The company has a market capitalization of $16.90 billion, a P/E ratio of 23.72 and a beta of 1.06. EMCOR Group, Inc. has a one year low of $180.63 and a one year high of $401.98.

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

EMCOR Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 16th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, April 15th. This is a positive change from EMCOR Group's previous quarterly dividend of $0.18. This represents a $1.00 dividend on an annualized basis and a yield of 0.28%. EMCOR Group's dividend payout ratio is currently 6.60%.

Analyst Ratings Changes

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

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.