Massmutual Trust Co. FSB ADV Has $73,000 Position in EMCOR Group, Inc. (NYSE:EME)

Massmutual Trust Co. FSB ADV increased its holdings in EMCOR Group, Inc. (NYSE:EME) by 30.9% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 199 shares of the construction company’s stock after buying an additional 47 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in EMCOR Group were worth $73,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Eagle Bay Advisors LLC increased its position in shares of EMCOR Group by 8.1% during the 1st quarter. Eagle Bay Advisors LLC now owns 456 shares of the construction company’s stock worth $160,000 after purchasing an additional 34 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of EMCOR Group by 17.2% in the first quarter. GAMMA Investing LLC now owns 239 shares of the construction company’s stock valued at $84,000 after acquiring an additional 35 shares during the last quarter. Daiwa Securities Group Inc. boosted its holdings in shares of EMCOR Group by 0.4% in the 4th quarter. Daiwa Securities Group Inc. now owns 14,150 shares of the construction company’s stock worth $3,049,000 after acquiring an additional 50 shares in the last quarter. Lindbrook Capital LLC grew its position in EMCOR Group by 32.5% during the 4th quarter. Lindbrook Capital LLC now owns 208 shares of the construction company’s stock worth $45,000 after acquiring an additional 51 shares during the last quarter. Finally, Allworth Financial LP increased its holdings in EMCOR Group by 83.8% during the 4th quarter. Allworth Financial LP now owns 136 shares of the construction company’s stock valued at $29,000 after purchasing an additional 62 shares in the last quarter. 92.59% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, DA Davidson increased their price target on shares of EMCOR Group from $410.00 to $430.00 and gave the company a “buy” rating in a research note on Friday, July 26th.

Insider Buying and Selling at EMCOR Group

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

EMCOR Group Stock Performance

EME traded up $10.21 during midday trading on Tuesday, reaching $350.43. 426,662 shares of the company were exchanged, compared to its average volume of 474,204. The stock has a market capitalization of $16.47 billion, a P/E ratio of 23.05 and a beta of 1.06. EMCOR Group, Inc. has a one year low of $191.50 and a one year high of $401.98. The stock’s 50-day simple moving average is $373.98 and its 200 day simple moving average is $336.63.

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

EMCOR Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 30th. Investors of record on Monday, July 15th were given a dividend of $0.25 per share. The ex-dividend date was Monday, July 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.29%. EMCOR Group’s payout ratio 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.