Meritage Portfolio Management Reduces Holdings in EMCOR Group, Inc. $EME

Meritage Portfolio Management cut its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 4.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,612 shares of the construction company’s stock after selling 305 shares during the quarter. Meritage Portfolio Management’s holdings in EMCOR Group were worth $3,537,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the stock. McLean Asset Management Corp boosted its holdings in EMCOR Group by 2.8% during the 2nd quarter. McLean Asset Management Corp now owns 700 shares of the construction company’s stock valued at $379,000 after acquiring an additional 19 shares during the period. Park Place Capital Corp boosted its holdings in EMCOR Group by 6.9% during the 2nd quarter. Park Place Capital Corp now owns 308 shares of the construction company’s stock valued at $164,000 after acquiring an additional 20 shares during the period. NBC Securities Inc. lifted its holdings in EMCOR Group by 0.7% in the 2nd quarter. NBC Securities Inc. now owns 3,170 shares of the construction company’s stock worth $1,695,000 after buying an additional 23 shares during the period. Institute for Wealth Management LLC. grew its position in shares of EMCOR Group by 2.2% in the 2nd quarter. Institute for Wealth Management LLC. now owns 1,051 shares of the construction company’s stock worth $562,000 after buying an additional 23 shares during the last quarter. Finally, McGlone Suttner Wealth Management Inc. grew its position in shares of EMCOR Group by 1.9% in the 2nd quarter. McGlone Suttner Wealth Management Inc. now owns 1,518 shares of the construction company’s stock worth $812,000 after buying an additional 29 shares during the last quarter. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

EMCOR Group Stock Down 2.5%

Shares of NYSE:EME opened at $663.92 on Friday. EMCOR Group, Inc. has a 52-week low of $320.89 and a 52-week high of $697.91. The firm has a market capitalization of $29.72 billion, a P/E ratio of 27.55 and a beta of 1.24. The stock has a 50 day moving average price of $631.80 and a 200-day moving average price of $527.16. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.15 and a current ratio of 1.18.

EMCOR Group (NYSE:EME) last announced its earnings results on Thursday, July 31st. The construction company reported $6.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.68 by $1.04. EMCOR Group had a return on equity of 38.01% and a net margin of 7.07%.The firm had revenue of $4.30 billion during the quarter, compared to analyst estimates of $4.10 billion. During the same quarter in the prior year, the company earned $5.25 EPS. The business’s revenue was up 17.4% compared to the same quarter last year. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 EPS. As a group, equities research analysts anticipate that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 30th. Investors of record on Wednesday, October 15th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Wednesday, October 15th. EMCOR Group’s dividend payout ratio (DPR) is 4.15%.

Analyst Upgrades and Downgrades

EME has been the topic of several research analyst reports. Baird R W raised EMCOR Group to a “strong-buy” rating in a research note on Friday, June 27th. Weiss Ratings reissued a “buy (b)” rating on shares of EMCOR Group in a research note on Wednesday. Northcoast Research cut EMCOR Group from a “buy” rating to a “neutral” rating and set a $500.00 target price on the stock. in a research note on Thursday, August 7th. Robert W. Baird initiated coverage on EMCOR Group in a research note on Friday, June 27th. They set an “outperform” rating and a $560.00 target price on the stock. Finally, Zacks Research raised EMCOR Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 12th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, EMCOR Group presently has an average rating of “Moderate Buy” and a consensus target price of $634.67.

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.