EMCOR Group, Inc. (NYSE:EME) Shares Sold by Inspire Investing LLC

Inspire Investing LLC trimmed its position in EMCOR Group, Inc. (NYSE:EME - Free Report) by 17.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,384 shares of the construction company's stock after selling 3,489 shares during the quarter. EMCOR Group comprises 0.7% of Inspire Investing LLC's investment portfolio, making the stock its 20th biggest position. Inspire Investing LLC's holdings in EMCOR Group were worth $5,981,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Eagle Bay Advisors LLC boosted its holdings in EMCOR Group by 8.1% in the 1st quarter. Eagle Bay Advisors LLC now owns 456 shares of the construction company's stock valued at $160,000 after purchasing an additional 34 shares during the last quarter. GAMMA Investing LLC lifted its holdings in EMCOR Group by 17.2% during the 1st quarter. GAMMA Investing LLC now owns 239 shares of the construction company's stock worth $84,000 after buying an additional 35 shares in the last quarter. Miller Howard Investments Inc. NY lifted its holdings in EMCOR Group by 2.2% during the 2nd quarter. Miller Howard Investments Inc. NY now owns 2,156 shares of the construction company's stock worth $787,000 after buying an additional 46 shares in the last quarter. Massmutual Trust Co. FSB ADV lifted its holdings in EMCOR Group by 30.9% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 199 shares of the construction company's stock worth $73,000 after buying an additional 47 shares in the last quarter. Finally, Cooper Financial Group increased its position in shares of EMCOR Group by 3.7% in the 2nd quarter. Cooper Financial Group now owns 1,328 shares of the construction company's stock valued at $485,000 after purchasing an additional 47 shares during the last quarter. 92.59% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at EMCOR Group

In other news, Director Robin A. Walker-Lee sold 1,300 shares of the firm's stock in a transaction on Monday, July 29th. The shares were sold at an average price of $370.79, for a total value of $482,027.00. Following the completion of the sale, the director now owns 8,637 shares in the company, valued at approximately $3,202,513.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.26% of the company's stock.

Wall Street Analyst Weigh In

Separately, DA Davidson increased their target price on shares of EMCOR Group from $410.00 to $430.00 and gave the company a "buy" rating in a research report on Friday, July 26th.

EMCOR Group Stock Performance

EMCOR Group stock traded up $21.32 during midday trading on Thursday, hitting $430.07. 460,398 shares of the company's stock were exchanged, compared to its average volume of 447,541. EMCOR Group, Inc. has a 12-month low of $191.50 and a 12-month high of $432.88. The stock has a market cap of $20.21 billion, a price-to-earnings ratio of 28.37 and a beta of 1.07. The firm's 50 day simple moving average is $371.92 and its 200 day simple moving average is $365.34.

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

EMCOR Group announced that its board has approved a stock buyback program on Friday, June 7th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the construction company to buy up to 2.8% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's board believes its shares are undervalued.

EMCOR Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 30th. Stockholders of record on Monday, July 15th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.23%. The ex-dividend date was Monday, July 15th. EMCOR Group's dividend payout ratio (DPR) is presently 6.60%.

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.