MetLife Investment Advisors LLC Lowers Stock Holdings in Emcor Group Inc (NYSE:EME)

MetLife Investment Advisors LLC trimmed its position in shares of Emcor Group Inc (NYSE:EME) by 1.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 59,379 shares of the construction company’s stock after selling 961 shares during the period. MetLife Investment Advisors LLC owned 0.11% of Emcor Group worth $4,339,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Icon Wealth Partners LLC bought a new position in Emcor Group in the 1st quarter worth $25,000. FinTrust Capital Advisors LLC increased its holdings in shares of Emcor Group by 62.4% during the 1st quarter. FinTrust Capital Advisors LLC now owns 812 shares of the construction company’s stock worth $59,000 after purchasing an additional 312 shares during the period. Hilton Capital Management LLC bought a new position in shares of Emcor Group during the 1st quarter worth about $99,000. Ffcm LLC increased its holdings in shares of Emcor Group by 1,699.1% during the 4th quarter. Ffcm LLC now owns 2,015 shares of the construction company’s stock worth $120,000 after purchasing an additional 1,903 shares during the period. Finally, ETF Managers Group LLC increased its holdings in shares of Emcor Group by 8.1% during the 1st quarter. ETF Managers Group LLC now owns 1,841 shares of the construction company’s stock worth $135,000 after purchasing an additional 138 shares during the period. Hedge funds and other institutional investors own 93.65% of the company’s stock.

NYSE:EME traded up $0.38 on Friday, reaching $87.23. The stock had a trading volume of 299,817 shares, compared to its average volume of 266,733. The firm has a market cap of $4.89 billion, a P/E ratio of 17.77, a P/E/G ratio of 1.06 and a beta of 1.19. Emcor Group Inc has a 1-year low of $57.29 and a 1-year high of $89.54. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.36. The stock’s fifty day simple moving average is $84.68.

Emcor Group (NYSE:EME) last announced its earnings results on Tuesday, April 30th. The construction company reported $1.28 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.05 by $0.23. Emcor Group had a net margin of 3.58% and a return on equity of 17.18%. The company had revenue of $2.16 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same period in the prior year, the business earned $0.94 earnings per share. Emcor Group’s quarterly revenue was up 13.7% on a year-over-year basis. As a group, equities analysts anticipate that Emcor Group Inc will post 5.45 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 30th. Stockholders of record on Friday, July 19th will be given a dividend of $0.08 per share. The ex-dividend date is Thursday, July 18th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.37%. Emcor Group’s payout ratio is 6.52%.

In related news, Chairman Anthony Guzzi sold 12,314 shares of the stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $78.07, for a total value of $961,353.98. Following the transaction, the chairman now directly owns 394,190 shares in the company, valued at $30,774,413.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Mark A. Pompa sold 12,000 shares of the company’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $85.00, for a total transaction of $1,020,000.00. The disclosure for this sale can be found here. Insiders have sold 32,314 shares of company stock worth $2,621,354 over the last quarter. 1.90% of the stock is owned by company insiders.

EME has been the topic of a number of analyst reports. Zacks Investment Research cut shares of Hersha Hospitality Trust from a “buy” rating to a “hold” rating in a research note on Thursday, May 2nd. ValuEngine cut shares of Zions Bancorporation NA from a “hold” rating to a “sell” rating in a research note on Wednesday, March 20th. Finally, Maxim Group set a $73.00 target price on shares of Emcor Group and gave the company a “hold” rating in a research note on Friday, April 26th.

Emcor Group Company Profile

EMCOR Group, Inc provides electrical and mechanical construction, and facilities services in the United States. The company designs, integrates, installs, starts-up, operates, and maintains electric power transmission and distribution systems; premises electrical and lighting systems; process instrumentation in the refining, chemical and food processing, and mining industries; low-voltage, voice and data communications, fire protection, water and wastewater treatment, controls and filtration, central plant heating and cooling, plumbing, process, and piping systems; roadway and transit lighting, and fiber-optic lines; and heating, ventilation, air conditioning, refrigeration, and clean-room process ventilation systems, as well as offers crane, rigging, and millwright; and steel fabrication, erection, and welding services.

Further Reading: Buy Rating

Institutional Ownership by Quarter for Emcor Group (NYSE:EME)

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