Anthony Guzzi, CEO of EMCOR Group, Inc. (NYSE:EME), sells 1,381 shares

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EMCOR Group, Inc. (NYSE:EME – Get Rating) CEO Anthony Guzzi sold 1,381 shares in a trade on Thursday, April 21. The shares were sold at an average price of $120.00, for a total value of $165,720.00. Following completion of the transaction, the CEO now directly owns 291,256 shares of the company, valued at approximately $34,950,720. The transaction was disclosed in a filing with the Securities & Exchange Commission, accessible via this hyperlink.

NYSE:EME shares were down $2.66 on Friday, hitting $113.85. 340,571 shares of the company were traded, against an average volume of 312,120. The company’s 50-day simple moving average is $115.42 and its 200-day simple moving average is $120.29. EMCOR Group, Inc. has a 52-week low of $107.79 and a 52-week high of $135.98. The stock has a market capitalization of $6.00 billion, a P/E ratio of 16.50 and a beta of 1.22. The company has a current ratio of 1.44, a quick ratio of 1.41 and a debt ratio of 0.11.

EMCOR Group (NYSE:EME – Get Rating) last reported quarterly earnings data on Thursday, February 24. The construction company reported earnings per share (EPS) of $1.89 for the quarter, missing the Zacks consensus estimate of $1.92 per ($0.03). The EMCOR Group achieved a net margin of 3.87% and a return on equity of 17.82%. The company posted revenue of $2.64 billion for the quarter, versus a consensus estimate of $2.55 billion. Sell-side analysts expect EMCOR Group, Inc. to post EPS of 7.67 for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, April 29. Shareholders of record on Monday, April 18 will receive a dividend of $0.13 per share. The ex-dividend date is Thursday, April 14. This represents a dividend of $0.52 on an annualized basis and a dividend yield of 0.46%. The EMCOR Group’s dividend payout ratio (DPR) is currently 7.37%.

A number of research analysts have recently commented on the company. Zacks Investment Research downgraded EMCOR Group from a “sell” to a “hold” rating and set a price target of $118.00 on the stock in a Wednesday, March 9 research note. StockNews.com picked up coverage from EMCOR Group in a Thursday, March 31 research note. They issued a “Strong Buy” rating on the stock. Finally, DA Davidson upgraded EMCOR Group from a “neutral” rating to a “buy” rating and set a target price of $142.00 on the stock in a Friday, February 25 research note.

Several hedge funds and other institutional investors have been buying and selling EME stocks recently. CWM LLC purchased a new stake in EMCOR Group stock in the fourth quarter worth approximately $27,000. Northwestern Mutual Wealth Management Co. increased its stake in EMCOR Group shares by 276.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 267 shares of the construction company worth $34,000 after buying 196 more shares in the last quarter. MUFG Americas Holdings Corp bought a new stake in EMCOR Group stock in the third quarter worth about $44,000. First Horizon Advisors Inc. increased its stake in EMCOR Group shares by 156.6% in the third quarter. First Horizon Advisors Inc. now owns 1,034 shares of the construction company worth $52,000 after buying 631 additional shares in the last quarter. Finally, Kings Point Capital Management purchased a new stake in EMCOR Group shares in the third quarter worth approximately $61,000. 93.88% of the shares are currently held by institutional investors.

About EMCOR Group (Get a rating)

EMCOR Group, Inc provides electrical and mechanical construction and installation services primarily in the United States and United Kingdom. It offers design, integration, installation, start-up, operation and maintenance services related to electrical power transmission, distribution and production systems; energy solutions; the electrical and lighting systems of the premises; process instrumentation in the refining, chemical processing and food processing industries; low-voltage systems, such as fire alarm, security, and process control systems; voice and data communication systems; road and transit lighting, signage and fiber optic lines; heating, ventilation, air conditioning, refrigeration and geothermal solutions; clean room process ventilation systems; fire protection and extinguishing systems; high purity plumbing, processing and piping systems; control 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.

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