Meeder Asset Management Inc. Buys 7,101 Shares of Emcor Group Inc (NYSE:EME)
Meeder Asset Management Inc. grew its stake in shares of Emcor Group Inc (NYSE:EME) by 166.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,363 shares of the construction company’s stock after buying an additional 7,101 shares during the period. Meeder Asset Management Inc.’s holdings in Emcor Group were worth $1,001,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. ETF Managers Group LLC boosted its holdings in Emcor Group by 8.1% during the first quarter. ETF Managers Group LLC now owns 1,841 shares of the construction company’s stock worth $135,000 after buying an additional 138 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in shares of Emcor Group by 42.9% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 600 shares of the construction company’s stock valued at $53,000 after purchasing an additional 180 shares in the last quarter. Bridge City Capital LLC lifted its holdings in shares of Emcor Group by 0.5% during the 2nd quarter. Bridge City Capital LLC now owns 52,425 shares of the construction company’s stock valued at $4,619,000 after purchasing an additional 257 shares in the last quarter. FinTrust Capital Advisors LLC lifted its holdings in shares of Emcor Group by 62.4% during the 1st quarter. FinTrust Capital Advisors LLC now owns 812 shares of the construction company’s stock valued at $59,000 after purchasing an additional 312 shares in the last quarter. Finally, Icon Wealth Partners LLC bought a new position in shares of Emcor Group during the 1st quarter valued at about $25,000. Hedge funds and other institutional investors own 92.45% of the company’s stock.
In related news, CFO Mark A. Pompa sold 12,000 shares of Emcor Group stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $85.00, for a total value of $1,020,000.00. The sale was disclosed in a document filed with the SEC, which is available at this link. 1.90% of the stock is currently owned by company insiders.
Shares of NYSE:EME traded up $0.98 during trading on Wednesday, hitting $83.29. 61,557 shares of the company’s stock traded hands, compared to its average volume of 369,530. Emcor Group Inc has a 52 week low of $57.29 and a 52 week high of $89.54. The company has a current ratio of 1.42, a quick ratio of 1.40 and a debt-to-equity ratio of 0.25. The company has a market cap of $4.59 billion, a price-to-earnings ratio of 16.96 and a beta of 1.16. The company has a 50-day moving average price of $84.65 and a 200-day moving average price of $78.86.
Emcor Group (NYSE:EME) last released its quarterly earnings data on Tuesday, July 30th. The construction company reported $1.49 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.30 by $0.19. Emcor Group had a return on equity of 17.47% and a net margin of 3.58%. The business had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.12 billion. During the same quarter in the previous year, the business posted $1.21 EPS. Emcor Group’s revenue for the quarter was up 19.0% on a year-over-year basis. On average, analysts predict that Emcor Group Inc will post 5.69 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 30th. Stockholders of record on Friday, July 19th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.38%. The ex-dividend date was Thursday, July 18th. Emcor Group’s dividend payout ratio (DPR) is presently 6.52%.
Emcor Group 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 and food processing, and mining industries; low-voltage, voice and data communications, fire protection, water and wastewater treatment, controls and filtration, central plant heating and cooling, plumbing, process, and piping systems; roadway and transit lighting, and fiber-optic lines; and heating, ventilation, air conditioning, refrigeration, and clean-room process ventilation systems, as well as offers crane, rigging, and millwright; and steel fabrication, erection, and welding services.
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