Emcor Group Inc (NYSE:EME) Chairman Anthony Guzzi sold 23,434 shares of the business’s stock in a transaction that occurred on Thursday, August 16th. The stock was sold at an average price of $76.55, for a total value of $1,793,872.70. The sale was disclosed in a filing with the SEC, which is available through this link.

EME traded up $0.99 during midday trading on Friday, reaching $77.94. 202,800 shares of the company were exchanged, compared to its average volume of 323,847. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.43 and a current ratio of 1.46. The firm has a market capitalization of $4.47 billion, a P/E ratio of 19.04, a P/E/G ratio of 1.09 and a beta of 0.97. Emcor Group Inc has a one year low of $62.15 and a one year high of $85.08.

Emcor Group (NYSE:EME) last issued its quarterly earnings data on Thursday, July 26th. The construction company reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.23. The firm had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.92 billion. Emcor Group had a return on equity of 15.44% and a net margin of 3.15%. The company’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.95 EPS. equities analysts forecast that Emcor Group Inc will post 4.67 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 31st. Stockholders of record on Friday, July 20th were paid a $0.08 dividend. The ex-dividend date of this dividend was Thursday, July 19th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.41%. Emcor Group’s payout ratio is presently 7.88%.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Adviser Investments LLC purchased a new position in shares of Emcor Group in the 1st quarter worth approximately $143,000. GSA Capital Partners LLP purchased a new position in shares of Emcor Group in the 2nd quarter worth approximately $203,000. Element Capital Management LLC purchased a new position in shares of Emcor Group in the 1st quarter worth approximately $227,000. Cubist Systematic Strategies LLC boosted its stake in shares of Emcor Group by 234.4% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 3,598 shares of the construction company’s stock worth $274,000 after buying an additional 2,522 shares during the last quarter. Finally, Itau Unibanco Holding S.A. boosted its stake in shares of Emcor Group by 1,843.1% in the 2nd quarter. Itau Unibanco Holding S.A. now owns 3,925 shares of the construction company’s stock worth $299,000 after buying an additional 3,723 shares during the last quarter. Hedge funds and other institutional investors own 93.07% of the company’s stock.

Separately, Zacks Investment Research raised Emcor Group from a “hold” rating to a “buy” rating and set a $85.00 price objective for the company in a report on Tuesday, July 31st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $86.00.

Emcor Group Company Profile

EMCOR Group, Inc provides electrical and mechanical construction, and facilities services in the United States. The company designs, integrates, installs, starts-up, operates, and maintains electric power transmission and distribution systems; premises electrical and lighting systems; process instrumentation in the refining, chemical process, food process, and mining industries; low-voltage, voice and data communications, fire protection, water and wastewater treatment, and controls and filtration systems; roadway and transit lighting and fiber-optic lines; heating, ventilation, air conditioning, refrigeration, and clean-room process ventilation systems; plumbing, processing, and piping systems; and central plant heating and cooling systems, as well as offers cranes and rigging, millwrighting, and steel fabrication, erection, and welding services.

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