Emcor Group Inc (NYSE:EME) was the target of a significant decline in short interest during the month of June. As of June 30th, there was short interest totalling 560,700 shares, a decline of 14.8% from the May 30th total of 658,200 shares. Based on an average trading volume of 359,400 shares, the days-to-cover ratio is currently 1.6 days. Approximately 1.0% of the company’s stock are sold short.

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

NYSE EME traded up $0.38 during trading on Friday, reaching $87.23. 299,800 shares of the company’s stock were exchanged, compared to its average volume of 360,691. The firm’s 50 day simple moving average is $84.68. The firm has a market capitalization of $4.87 billion, a PE ratio of 17.77, a P/E/G ratio of 1.06 and a beta of 1.19. The company has a quick ratio of 1.36, a current ratio of 1.38 and a debt-to-equity ratio of 0.15. Emcor Group has a fifty-two week low of $57.29 and a fifty-two week high of $89.54.

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

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

In other Emcor Group news, CFO Mark A. Pompa sold 12,000 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $85.00, for a total transaction of $1,020,000.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Anthony Guzzi sold 12,314 shares of the business’s stock in a transaction that occurred on Thursday, April 18th. The stock was 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 approximately $30,774,413.30. The disclosure for this sale can be found here. In the last ninety days, insiders sold 32,314 shares of company stock worth $2,621,354. 1.90% of the stock is owned by company insiders.

Several institutional investors have recently bought and sold shares of EME. Norges Bank acquired a new position in shares of Emcor Group in the fourth quarter valued at approximately $39,911,000. Wells Fargo & Company MN grew its position in shares of Emcor Group by 18.1% in the first quarter. Wells Fargo & Company MN now owns 994,518 shares of the construction company’s stock valued at $72,679,000 after purchasing an additional 152,580 shares during the last quarter. Thrivent Financial for Lutherans grew its position in shares of Emcor Group by 29.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 482,241 shares of the construction company’s stock valued at $28,785,000 after purchasing an additional 108,919 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Emcor Group by 13.6% in the fourth quarter. Geode Capital Management LLC now owns 900,415 shares of the construction company’s stock valued at $53,745,000 after purchasing an additional 107,927 shares during the last quarter. Finally, Marshall Wace LLP grew its position in shares of Emcor Group by 11,886.9% in the first quarter. Marshall Wace LLP now owns 78,394 shares of the construction company’s stock valued at $5,729,000 after purchasing an additional 77,740 shares during the last quarter. 93.65% of the stock is currently owned by institutional investors.

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.

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