Murphy & Mullick Capital Management Corp Purchases Shares of 680 EMCOR Group, Inc. (NYSE:EME)

Murphy & Mullick Capital Management Corp acquired a new position in shares of EMCOR Group, Inc. (NYSE:EME) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 680 shares of the construction company’s stock, valued at approximately $309,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Perigon Wealth Management LLC grew its holdings in shares of EMCOR Group by 2.5% during the fourth quarter. Perigon Wealth Management LLC now owns 778 shares of the construction company’s stock worth $353,000 after purchasing an additional 19 shares during the last quarter. Adirondack Trust Co. lifted its position in EMCOR Group by 5.0% during the 4th quarter. Adirondack Trust Co. now owns 420 shares of the construction company’s stock worth $191,000 after buying an additional 20 shares in the last quarter. Exchange Traded Concepts LLC grew its holdings in EMCOR Group by 1.9% during the 4th quarter. Exchange Traded Concepts LLC now owns 1,148 shares of the construction company’s stock worth $521,000 after acquiring an additional 21 shares during the last quarter. Petra Financial Advisors Inc. increased its position in EMCOR Group by 1.4% in the 4th quarter. Petra Financial Advisors Inc. now owns 1,739 shares of the construction company’s stock valued at $789,000 after acquiring an additional 24 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its stake in shares of EMCOR Group by 14.4% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 199 shares of the construction company’s stock worth $90,000 after acquiring an additional 25 shares during the last quarter. 92.59% of the stock is owned by institutional investors.

Analyst Ratings Changes

EME has been the subject of a number of research reports. Stifel Nicolaus lowered their price target on shares of EMCOR Group from $600.00 to $514.00 and set a “buy” rating for the company in a report on Thursday, February 27th. StockNews.com cut EMCOR Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 25th. One analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to data from MarketBeat, EMCOR Group presently has an average rating of “Moderate Buy” and an average price target of $497.25.

Insiders Place Their Bets

In other news, CAO Maxine Lum Mauricio sold 1,250 shares of the stock in a transaction on Thursday, March 13th. The shares were 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 of the company’s stock, valued at $10,229,474.94. This represents a 4.33 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.26% of the company’s stock.

EMCOR Group Price Performance

Shares of EME stock opened at $411.65 on Wednesday. The stock has a market cap of $18.72 billion, a PE ratio of 20.91 and a beta of 1.14. The stock has a 50-day moving average of $431.76 and a 200-day moving average of $451.66. EMCOR Group, Inc. has a one year low of $319.49 and a one year high of $545.30.

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

EMCOR Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Thursday, January 16th were paid a $0.25 dividend. The ex-dividend date was Thursday, January 16th. This represents a $1.00 dividend on an annualized basis and a yield of 0.24%. EMCOR Group’s payout ratio is 4.64%.

EMCOR Group announced that its board has initiated a stock buyback plan on Wednesday, February 26th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the construction company to reacquire up to 2.6% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

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.