EMCOR Group, Inc. (NYSE:EME) Short Interest Update

EMCOR Group, Inc. (NYSE:EME) was the recipient of a large increase in short interest in February. As of February 28th, there was short interest totalling 934,600 shares, an increase of 17.0% from the February 13th total of 798,900 shares. Based on an average daily volume of 477,000 shares, the days-to-cover ratio is currently 2.0 days. Approximately 2.1% of the shares of the stock are short sold.

Insider Buying and Selling at EMCOR Group

In other news, CAO Maxine Lum Mauricio sold 1,250 shares of the stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $370.07, for a total transaction of $462,587.50. Following the completion of the sale, the chief accounting officer now owns 27,642 shares in the company, valued at approximately $10,229,474.94. This represents a 4.33 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.26% of the stock is currently owned by corporate insiders.

Institutional Trading of EMCOR Group

A number of institutional investors have recently made changes to their positions in EME. Continuum Advisory LLC boosted its stake in shares of EMCOR Group by 53.7% in the fourth quarter. Continuum Advisory LLC now owns 83 shares of the construction company’s stock valued at $38,000 after buying an additional 29 shares during the period. Dogwood Wealth Management LLC acquired a new stake in EMCOR Group in the fourth quarter valued at approximately $40,000. Summit Securities Group LLC acquired a new stake in EMCOR Group in the fourth quarter valued at approximately $45,000. Park Square Financial Group LLC acquired a new stake in EMCOR Group in the fourth quarter valued at approximately $48,000. Finally, True Wealth Design LLC boosted its position in EMCOR Group by 3,466.7% in the third quarter. True Wealth Design LLC now owns 107 shares of the construction company’s stock valued at $46,000 after buying an additional 104 shares in the last quarter. Institutional investors own 92.59% of the company’s stock.

EMCOR Group Stock Performance

EME traded up $3.12 during trading on Thursday, reaching $401.66. 209,727 shares of the company’s stock were exchanged, compared to its average volume of 427,324. The company’s fifty day moving average price is $437.41 and its 200-day moving average price is $449.86. EMCOR Group has a fifty-two week low of $319.49 and a fifty-two week high of $545.30. The firm has a market capitalization of $18.26 billion, a PE ratio of 20.40 and a beta of 1.14.

EMCOR Group (NYSE:EME) last released its earnings results on Wednesday, February 26th. The construction company reported $6.32 EPS for the quarter, topping analysts’ consensus estimates of $5.53 by $0.79. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. The firm had revenue of $3.77 billion during the quarter, compared to analyst estimates of $3.81 billion. Research analysts forecast that EMCOR Group will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Thursday, January 16th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.25%. The ex-dividend date was Thursday, January 16th. EMCOR Group’s dividend payout ratio (DPR) is presently 4.64%.

EMCOR Group declared that its Board of Directors has authorized a share buyback program on Wednesday, February 26th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the construction company to purchase up to 2.6% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

EME has been the topic of a number of research reports. Northcoast Research initiated coverage on shares of EMCOR Group in a research note on Friday, November 22nd. They issued a “buy” rating and a $600.00 price target on the stock. The Goldman Sachs Group began coverage on shares of EMCOR Group in a research note on Friday, November 22nd. They issued a “sell” rating and a $445.00 price target on the stock. StockNews.com downgraded EMCOR Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 25th. Finally, Stifel Nicolaus reduced their target price on shares of EMCOR Group from $600.00 to $514.00 and set a “buy” rating for the company in a research note on Thursday, February 27th. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $497.25.

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.