EMCOR Group, Inc. $EME Stock Holdings Lessened by iA Global Asset Management Inc.

iA Global Asset Management Inc. lowered its position in EMCOR Group, Inc. (NYSE:EME) by 8.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,323 shares of the construction company’s stock after selling 118 shares during the period. iA Global Asset Management Inc.’s holdings in EMCOR Group were worth $708,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EME. Private Trust Co. NA grew its holdings in EMCOR Group by 28.6% during the first quarter. Private Trust Co. NA now owns 279 shares of the construction company’s stock valued at $103,000 after purchasing an additional 62 shares during the last quarter. Mutual Advisors LLC lifted its position in EMCOR Group by 21.8% in the first quarter. Mutual Advisors LLC now owns 1,107 shares of the construction company’s stock worth $454,000 after purchasing an additional 198 shares during the period. OneDigital Investment Advisors LLC lifted its position in EMCOR Group by 5.7% in the first quarter. OneDigital Investment Advisors LLC now owns 5,790 shares of the construction company’s stock worth $2,140,000 after purchasing an additional 312 shares during the period. IFM Investors Pty Ltd lifted its position in EMCOR Group by 7.1% in the first quarter. IFM Investors Pty Ltd now owns 9,218 shares of the construction company’s stock worth $3,407,000 after purchasing an additional 615 shares during the period. Finally, Brookstone Capital Management bought a new position in shares of EMCOR Group during the first quarter valued at $1,704,000. Institutional investors and hedge funds own 92.59% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on EME. UBS Group set a $750.00 target price on EMCOR Group and gave the company a “buy” rating in a research note on Tuesday, August 5th. The Goldman Sachs Group upgraded shares of EMCOR Group from a “sell” rating to a “neutral” rating and upped their target price for the company from $495.00 to $676.00 in a research report on Tuesday, October 7th. Weiss Ratings restated a “buy (b)” rating on shares of EMCOR Group in a research report on Wednesday, October 8th. Robert W. Baird set a $713.00 target price on EMCOR Group in a research report on Friday. Finally, DA Davidson increased their target price on EMCOR Group from $725.00 to $800.00 and gave the stock a “buy” rating in a research note on Friday. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $692.83.

EMCOR Group Stock Down 0.2%

EME opened at $674.12 on Tuesday. The company has a current ratio of 1.18, a quick ratio of 1.15 and a debt-to-equity ratio of 0.08. The stock has a market cap of $30.18 billion, a PE ratio of 27.97 and a beta of 1.24. The stock’s fifty day simple moving average is $658.96 and its 200 day simple moving average is $566.20. EMCOR Group, Inc. has a 1-year low of $320.89 and a 1-year high of $778.64.

EMCOR Group (NYSE:EME) last posted its quarterly earnings data on Thursday, October 30th. The construction company reported $6.57 earnings per share for the quarter, hitting the consensus estimate of $6.57. The firm had revenue of $4.30 billion for the quarter, compared to analysts’ expectations of $4.27 billion. EMCOR Group had a return on equity of 38.01% and a net margin of 7.07%.The company’s quarterly revenue was up 16.4% compared to the same quarter last year. During the same quarter last year, the business earned $5.80 EPS. EMCOR Group has set its FY 2025 guidance at 25.000-25.75 EPS. As a group, research analysts expect that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 30th. Stockholders of record on Wednesday, October 15th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend was Wednesday, October 15th. EMCOR Group’s dividend payout ratio (DPR) is presently 4.02%.

EMCOR Group Profile

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.