EMCOR Group, Inc. (NYSE:EME) Shares Bought by Fortem Financial Group LLC

Fortem Financial Group LLC lifted its position in shares of EMCOR Group, Inc. (NYSE:EME) by 2.0% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 6,487 shares of the construction company’s stock after acquiring an additional 130 shares during the quarter. EMCOR Group makes up about 1.0% of Fortem Financial Group LLC’s investment portfolio, making the stock its 24th biggest position. Fortem Financial Group LLC’s holdings in EMCOR Group were worth $2,368,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Matrix Trust Co bought a new stake in EMCOR Group in the second quarter valued at $26,000. Proffitt & Goodson Inc. bought a new stake in EMCOR Group in the 2nd quarter valued at about $27,000. Innealta Capital LLC acquired a new position in EMCOR Group during the 2nd quarter valued at about $29,000. V Square Quantitative Management LLC bought a new position in EMCOR Group in the 1st quarter worth about $28,000. Finally, ORG Partners LLC acquired a new stake in shares of EMCOR Group in the second quarter valued at approximately $31,000. 92.59% of the stock is currently owned by institutional investors.

Insider Transactions at EMCOR Group

In related news, Director Robin A. Walker-Lee sold 1,300 shares of the firm’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $370.79, for a total transaction of $482,027.00. Following the completion of the transaction, the director now owns 8,637 shares of the company’s stock, valued at $3,202,513.23. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director Robin A. Walker-Lee sold 1,300 shares of the stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $370.79, for a total transaction of $482,027.00. Following the completion of the sale, the director now directly owns 8,637 shares of the company’s stock, valued at $3,202,513.23. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Carol P. Lowe sold 1,245 shares of EMCOR Group stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $374.23, for a total transaction of $465,916.35. Following the completion of the transaction, the director now owns 16,807 shares in the company, valued at approximately $6,289,683.61. The disclosure for this sale can be found here. Company insiders own 1.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, DA Davidson increased their price objective on EMCOR Group from $410.00 to $430.00 and gave the stock a “buy” rating in a report on Friday, July 26th.

EMCOR Group Stock Down 8.6 %

EME stock opened at $359.10 on Wednesday. The company has a 50-day simple moving average of $367.57 and a 200 day simple moving average of $357.50. The company has a market capitalization of $16.88 billion, a P/E ratio of 23.69 and a beta of 1.06. EMCOR Group, Inc. has a fifty-two week low of $191.50 and a fifty-two week high of $401.98.

EMCOR Group (NYSE:EME) last released its quarterly earnings results on Thursday, July 25th. The construction company reported $5.25 EPS for the quarter, topping analysts’ consensus estimates of $3.76 by $1.49. The company had revenue of $3.67 billion for the quarter, compared to the consensus estimate of $3.52 billion. EMCOR Group had a net margin of 6.01% and a return on equity of 32.73%. EMCOR Group’s revenue was up 20.4% on a year-over-year basis. During the same period in the previous year, the firm earned $2.95 EPS. Equities analysts anticipate that EMCOR Group, Inc. will post 19.5 EPS for the current year.

EMCOR Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 30th. Stockholders of record on Monday, July 15th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.28%. The ex-dividend date was Monday, July 15th. EMCOR Group’s dividend payout ratio (DPR) is presently 6.60%.

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.