Highland Capital Management LLC Has $1.70 Million Stake in EMCOR Group, Inc. (NYSE:EME)

Highland Capital Management LLC lifted its stake in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 381.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,958 shares of the construction company's stock after acquiring an additional 3,136 shares during the quarter. Highland Capital Management LLC's holdings in EMCOR Group were worth $1,704,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. Matrix Trust Co bought a new stake in EMCOR Group during the 2nd quarter valued at approximately $26,000. Proffitt & Goodson Inc. bought a new stake in EMCOR Group during the 2nd quarter valued at approximately $27,000. Innealta Capital LLC bought a new stake in EMCOR Group during the 2nd quarter valued at approximately $29,000. ORG Partners LLC bought a new stake in EMCOR Group during the 2nd quarter valued at approximately $31,000. Finally, Independence Bank of Kentucky bought a new stake in EMCOR Group during the 1st quarter valued at approximately $33,000. Institutional investors own 92.59% of the company's stock.

Insider Transactions at EMCOR Group

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

EMCOR Group Stock Down 3.9 %

EMCOR Group stock traded down $17.53 during trading hours on Friday, hitting $428.58. The stock had a trading volume of 502,949 shares, compared to its average volume of 284,278. The company has a 50-day moving average of $411.96 and a two-hundred day moving average of $383.61. The company has a market cap of $20.14 billion, a PE ratio of 28.27 and a beta of 1.07. EMCOR Group, Inc. has a fifty-two week low of $201.96 and a fifty-two week high of $456.16.

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

EMCOR Group Announces Dividend

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

Analyst Upgrades and Downgrades

EME has been the subject of several recent analyst reports. StockNews.com upgraded EMCOR Group from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, October 9th. DA Davidson increased their target price on 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 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.