Emcor Group, Inc. (NYSE:EME) reported a series of stock transactions involving its VP and Controller, Robert Peter Lind, according to a recent SEC filing. The executive engaged in both acquisition and disposal of shares in the company.
Lind purchased a total of $603 worth of Emcor Group's common stock, with prices ranging from $228.11 to $357.17 per share. These acquisitions are part of a dividend reinvestment program. On the other side of the ledger, the VP and Controller sold shares valued at $173 at a price of $377.85 each.
The transactions were reported late due to administrative errors, as noted in the footnotes of the document. The filing also included a past transaction where Lind disposed of shares for a total of $49,867 at a price of $224.63 each. Additionally, there were granted shares reported at no cost to the executive.
Following these transactions, Lind's holdings in the company include shares that are issuable in respect of restricted stock units, as indicated in the footnotes.
Emcor Group, Inc., with its headquarters in Norwalk, Connecticut, specializes in electrical work and is recognized within the Real Estate & Construction sector. The company's stock is publicly traded on the New York Stock Exchange under the ticker symbol EME.
InvestingPro Insights
Emcor Group, Inc. (NYSE:EME) has demonstrated a robust financial position, with recent data reflecting its strong market performance. According to InvestingPro Data, the company boasts a market capitalization of 18.24 billion USD, underscoring its significant presence in the Real Estate & Construction sector. The company's Price/Earnings (P/E) ratio, as of Q1 2024, stands at a calculated 25.26, which indicates a valuation that investors are willing to pay for a share relative to its earnings. Additionally, Emcor Group has shown impressive revenue growth of 15.39% over the last twelve months as of Q1 2024, highlighting its ability to increase its earnings over time.
Emcor Group's strong financial health is further supported by an InvestingPro Tip that notes the company holds more cash than debt on its balance sheet, providing it with a solid foundation to manage its financial obligations and invest in growth opportunities. Moreover, the company has raised its dividend for 3 consecutive years, signaling confidence in its financial stability and commitment to shareholder returns. This is a key factor for income-focused investors considering the company's stock.
Investors looking for additional insights and tips on Emcor Group can find more information on InvestingPro, which offers a broader range of financial metrics and expert analysis. For instance, there are 2 analysts who have revised their earnings upwards for the upcoming period, suggesting a positive outlook for the company's performance. To explore these insights in detail, visit https://www.investing.com/pro/EME and remember to use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription. Additionally, there are 15 more InvestingPro Tips available for Emcor Group, providing a comprehensive analysis for investors seeking to make informed decisions.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.