EMCOR Group, Inc. $EME Shares Sold by Smith Group Asset Management LLC

Smith Group Asset Management LLC reduced its position in EMCOR Group, Inc. (NYSE:EME) by 2.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,900 shares of the construction company’s stock after selling 60 shares during the period. Smith Group Asset Management LLC’s holdings in EMCOR Group were worth $1,551,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in EME. GAMMA Investing LLC boosted its holdings in EMCOR Group by 34.9% during the first quarter. GAMMA Investing LLC now owns 1,012 shares of the construction company’s stock worth $374,000 after buying an additional 262 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in EMCOR Group by 146.6% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 10,700 shares of the construction company’s stock worth $3,955,000 after buying an additional 6,361 shares in the last quarter. Continuum Advisory LLC boosted its holdings in EMCOR Group by 149.4% during the first quarter. Continuum Advisory LLC now owns 207 shares of the construction company’s stock worth $77,000 after buying an additional 124 shares in the last quarter. Asset Management One Co. Ltd. boosted its holdings in EMCOR Group by 6.8% during the first quarter. Asset Management One Co. Ltd. now owns 21,080 shares of the construction company’s stock worth $7,792,000 after buying an additional 1,342 shares in the last quarter. Finally, Perigon Wealth Management LLC boosted its holdings in EMCOR Group by 41.0% during the first quarter. Perigon Wealth Management LLC now owns 1,097 shares of the construction company’s stock worth $405,000 after buying an additional 319 shares in the last quarter. 92.59% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Robert W. Baird began coverage on shares of EMCOR Group in a report on Friday, June 27th. They issued an “outperform” rating and a $560.00 price target for the company. Baird R W raised shares of EMCOR Group to a “strong-buy” rating in a research note on Friday, June 27th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of EMCOR Group in a research note on Wednesday, October 8th. Northcoast Research cut EMCOR Group from a “buy” rating to a “neutral” rating and set a $500.00 target price for the company. in a report on Thursday, August 7th. Finally, UBS Group set a $750.00 price target on EMCOR Group and gave the stock a “buy” rating in a research note on Tuesday, August 5th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, EMCOR Group has an average rating of “Moderate Buy” and a consensus price target of $654.83.

EMCOR Group Price Performance

EME stock opened at $696.79 on Friday. EMCOR Group, Inc. has a 1 year low of $320.89 and a 1 year high of $704.09. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.18 and a quick ratio of 1.15. The firm has a market capitalization of $31.19 billion, a PE ratio of 28.91 and a beta of 1.24. The business has a 50 day simple moving average of $643.57 and a 200-day simple moving average of $545.92.

EMCOR Group (NYSE:EME) last released its quarterly earnings data on Thursday, July 31st. The construction company reported $6.72 earnings per share for the quarter, topping analysts’ consensus estimates of $5.68 by $1.04. EMCOR Group had a return on equity of 38.01% and a net margin of 7.07%.The company had revenue of $4.30 billion for the quarter, compared to analyst estimates of $4.10 billion. During the same quarter in the previous year, the company posted $5.25 earnings per share. The firm’s revenue for the quarter 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. Equities research analysts anticipate that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 30th. Shareholders of record on Wednesday, October 15th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, October 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.1%. EMCOR Group’s payout ratio is 4.15%.

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.