Heritage Investors Management Corp Sells 84 Shares of EMCOR Group, Inc. (NYSE:EME)

Heritage Investors Management Corp cut its stake in EMCOR Group, Inc. (NYSE:EME) by 0.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,020 shares of the construction company’s stock after selling 84 shares during the quarter. Heritage Investors Management Corp’s holdings in EMCOR Group were worth $1,943,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. FMR LLC boosted its holdings in shares of EMCOR Group by 7.3% in the 3rd quarter. FMR LLC now owns 3,551,683 shares of the construction company’s stock valued at $747,239,000 after buying an additional 241,920 shares in the last quarter. Fuller & Thaler Asset Management Inc. grew its stake in EMCOR Group by 41.0% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 1,068,555 shares of the construction company’s stock worth $224,813,000 after buying an additional 310,718 shares during the last quarter. Invesco Ltd. raised its stake in EMCOR Group by 40.1% in the third quarter. Invesco Ltd. now owns 919,304 shares of the construction company’s stock valued at $193,412,000 after buying an additional 263,330 shares during the last quarter. Burgundy Asset Management Ltd. increased its holdings in shares of EMCOR Group by 1.2% during the third quarter. Burgundy Asset Management Ltd. now owns 654,661 shares of the construction company’s stock valued at $137,734,000 after acquiring an additional 7,953 shares in the last quarter. Finally, AQR Capital Management LLC raised its position in shares of EMCOR Group by 30.2% in the 3rd quarter. AQR Capital Management LLC now owns 426,706 shares of the construction company’s stock valued at $89,775,000 after purchasing an additional 98,989 shares during the last quarter. 92.59% of the stock is owned by institutional investors.

EMCOR Group Stock Performance

NYSE EME traded up $2.85 on Thursday, reaching $382.28. 286,120 shares of the company’s stock traded hands, compared to its average volume of 427,913. The stock has a 50 day moving average price of $345.76 and a 200-day moving average price of $265.91. The firm has a market cap of $17.97 billion, a price-to-earnings ratio of 25.22 and a beta of 1.07. EMCOR Group, Inc. has a fifty-two week low of $161.49 and a fifty-two week high of $383.98.

EMCOR Group (NYSE:EME) last posted its 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 for the quarter. As a group, equities research analysts anticipate that EMCOR Group, Inc. will post 16.1 EPS for the current fiscal 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 given a $0.25 dividend. The ex-dividend date was Monday, April 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.26%. This is an increase from EMCOR Group’s previous quarterly dividend of $0.18. EMCOR Group’s dividend payout ratio is 6.60%.

Insider Activity

In other EMCOR Group 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 transaction of $1,917,900.00. Following the transaction, the chief executive officer now owns 219,023 shares in the company, valued at $70,010,701.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.60% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. KeyCorp began coverage on shares of EMCOR Group in a report on Wednesday, January 10th. They issued a “sector weight” rating for the company. DA Davidson reiterated a “buy” rating and set a $375.00 price target on shares of EMCOR Group in a research note on Friday, March 22nd.

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.