Brown Miller Wealth Management LLC Purchases Shares of 500 EMCOR Group, Inc. (NYSE:EME)

Brown Miller Wealth Management LLC acquired a new position in EMCOR Group, Inc. (NYSE:EME) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 500 shares of the construction company’s stock, valued at approximately $215,000.

Other institutional investors have also recently modified their holdings of the company. Acadian Asset Management LLC boosted its stake in shares of EMCOR Group by 55.6% in the 1st quarter. Acadian Asset Management LLC now owns 391,469 shares of the construction company’s stock valued at $137,074,000 after purchasing an additional 139,919 shares in the last quarter. Panagora Asset Management Inc. lifted its stake in EMCOR Group by 155.5% in the second quarter. Panagora Asset Management Inc. now owns 207,263 shares of the construction company’s stock worth $75,668,000 after purchasing an additional 126,148 shares during the last quarter. Renaissance Technologies LLC boosted its position in EMCOR Group by 99.2% during the second quarter. Renaissance Technologies LLC now owns 233,500 shares of the construction company’s stock valued at $85,246,000 after buying an additional 116,300 shares during the period. Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of EMCOR Group by 971.8% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 101,287 shares of the construction company’s stock valued at $36,978,000 after buying an additional 91,837 shares during the last quarter. Finally, AQR Capital Management LLC increased its holdings in shares of EMCOR Group by 27.5% in the second quarter. AQR Capital Management LLC now owns 412,382 shares of the construction company’s stock worth $150,553,000 after buying an additional 88,909 shares during the period. 92.59% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

EME has been the subject of several analyst reports. StockNews.com upgraded EMCOR Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday. DA Davidson increased their price objective on EMCOR Group from $410.00 to $430.00 and gave the company a “buy” rating in a research note on Friday, July 26th.

EMCOR Group Trading Up 1.9 %

Shares of NYSE:EME opened at $450.45 on Friday. The company has a 50-day moving average price of $393.89 and a 200-day moving average price of $377.04. The company has a market cap of $21.17 billion, a price-to-earnings ratio of 29.71 and a beta of 1.07. EMCOR Group, Inc. has a 12 month low of $191.50 and a 12 month high of $450.55.

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

EMCOR Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 30th. Shareholders of record on Tuesday, October 15th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.22%. The ex-dividend date is Tuesday, October 15th. EMCOR Group’s payout ratio is currently 6.60%.

Insiders Place Their Bets

In other news, Director Robin A. Walker-Lee sold 1,300 shares of EMCOR Group stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $370.79, for a total transaction of $482,027.00. Following the sale, the director now owns 8,637 shares of the company’s stock, valued at approximately $3,202,513.23. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.26% of the company’s stock.

EMCOR Group Company Profile

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.