Little House Capital LLC Purchases 3,093 Shares of EMCOR Group, Inc. (NYSE:EME)

Little House Capital LLC raised its holdings in EMCOR Group, Inc. (NYSE:EME) by 206.8% in the 3rd quarter, Holdings Channel.com reports. The firm owned 4,589 shares of the construction company’s stock after acquiring an additional 3,093 shares during the period. Little House Capital LLC’s holdings in EMCOR Group were worth $1,976,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of EME. Matrix Trust Co purchased a new position in EMCOR Group during the 2nd quarter valued at $26,000. Proffitt & Goodson Inc. bought a new stake in EMCOR Group during the 2nd quarter worth approximately $27,000. Innealta Capital LLC purchased a new stake in EMCOR Group during the 2nd quarter valued at approximately $29,000. ORG Partners LLC purchased a new stake in EMCOR Group during the 2nd quarter valued at approximately $31,000. Finally, Independence Bank of Kentucky purchased a new position in shares of EMCOR Group in the first quarter valued at $33,000. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Insider Activity at EMCOR Group

In related news, Director Robin A. Walker-Lee sold 1,300 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $370.79, for a total value 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. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.26% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

EME has been the subject of several research analyst reports. DA Davidson lifted their target price on EMCOR Group from $410.00 to $430.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. StockNews.com upgraded EMCOR Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 9th.

EMCOR Group Trading Down 0.2 %

EME stock traded down $1.06 during trading on Monday, hitting $452.68. 78,789 shares of the company’s stock were exchanged, compared to its average volume of 432,547. The stock has a market capitalization of $21.27 billion, a price-to-earnings ratio of 29.93 and a beta of 1.07. EMCOR Group, Inc. has a 52-week low of $191.50 and a 52-week high of $456.16. The business has a 50-day moving average price of $403.92 and a two-hundred day moving average price of $380.76.

EMCOR Group (NYSE:EME) last posted its 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. EMCOR Group had a return on equity of 32.73% and a net margin of 6.01%. The company had revenue of $3.67 billion for the quarter, compared to the consensus estimate of $3.52 billion. During the same period in the previous year, the business earned $2.95 earnings per share. EMCOR Group’s quarterly revenue was up 20.4% compared to the same quarter last year. On average, equities research analysts anticipate that EMCOR Group, Inc. will post 19.5 earnings per share for the current fiscal year.

EMCOR Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 30th. Investors of record on Tuesday, October 15th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.22%. The ex-dividend date of this dividend is Tuesday, October 15th. EMCOR Group’s dividend payout ratio is currently 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.