EMCOR Group, Inc. (NYSE:EME) Position Boosted by Running Oak Capital LLC

Running Oak Capital LLC increased its holdings in shares of EMCOR Group, Inc. (NYSE:EME) by 10.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 47,503 shares of the construction company’s stock after buying an additional 4,337 shares during the quarter. EMCOR Group comprises about 2.0% of Running Oak Capital LLC’s portfolio, making the stock its 4th largest holding. Running Oak Capital LLC’s holdings in EMCOR Group were worth $10,234,000 as of its most recent filing with the SEC.

A number of other hedge funds have also added to or reduced their stakes in the stock. Nordea Investment Management AB grew its stake in shares of EMCOR Group by 10.7% during the fourth quarter. Nordea Investment Management AB now owns 101,220 shares of the construction company’s stock worth $21,880,000 after acquiring an additional 9,752 shares during the last quarter. Asset Management One Co. Ltd. acquired a new stake in shares of EMCOR Group during the fourth quarter worth $992,000. Federated Hermes Inc. grew its holdings in shares of EMCOR Group by 20.1% during the fourth quarter. Federated Hermes Inc. now owns 102,556 shares of the construction company’s stock valued at $22,094,000 after buying an additional 17,188 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of EMCOR Group by 1.1% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 260,308 shares of the construction company’s stock valued at $56,078,000 after acquiring an additional 2,880 shares during the period. Finally, Knights of Columbus Asset Advisors LLC acquired a new position in EMCOR Group in the fourth quarter valued at approximately $4,054,000. 92.59% of the stock is currently owned by institutional investors.

EMCOR Group Stock Up 0.3 %

NYSE:EME traded up $1.05 during trading hours on Thursday, reaching $356.29. 398,498 shares of the stock were exchanged, compared to its average volume of 430,884. EMCOR Group, Inc. has a twelve month low of $161.49 and a twelve month high of $369.53. The business has a 50-day moving average of $335.17 and a two-hundred day moving average of $259.12. The company has a market capitalization of $16.75 billion, a price-to-earnings ratio of 23.45 and a beta of 1.07.

EMCOR Group (NYSE:EME) last posted its quarterly earnings results on Thursday, April 25th. The construction company reported $4.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.92 by $1.25. EMCOR Group had a return on equity of 30.38% and a net margin of 5.48%. The company had revenue of $3.43 billion for the quarter. On average, research analysts forecast that EMCOR Group, Inc. will post 16.1 EPS for the current fiscal year.

EMCOR Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Tuesday, April 16th were given a $0.25 dividend. The ex-dividend date was Monday, April 15th. This is a boost from EMCOR Group’s previous quarterly dividend of $0.18. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.28%. EMCOR Group’s dividend payout ratio is 6.60%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. KeyCorp initiated coverage on shares of EMCOR Group in a research note on Wednesday, January 10th. They set a “sector weight” rating on the stock. DA Davidson reissued a “buy” rating and set a $375.00 target price on shares of EMCOR Group in a research note on Friday, March 22nd.

Insider Buying and Selling

In other news, CEO Anthony Guzzi sold 6,000 shares of the stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $319.65, for a total value of $1,917,900.00. Following the completion of the sale, the chief executive officer now directly owns 219,023 shares of the company’s stock, valued at $70,010,701.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.60% of the stock is currently 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.