Retirement Systems of Alabama Lowers Stock Holdings in EMCOR Group, Inc. $EME

Retirement Systems of Alabama trimmed its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 1.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 73,613 shares of the construction company’s stock after selling 1,286 shares during the period. Retirement Systems of Alabama’s holdings in EMCOR Group were worth $39,375,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. AQR Capital Management LLC grew its position in shares of EMCOR Group by 43.6% in the first quarter. AQR Capital Management LLC now owns 703,456 shares of the construction company’s stock valued at $253,065,000 after purchasing an additional 213,631 shares in the last quarter. Northern Trust Corp increased its position in shares of EMCOR Group by 3.7% during the first quarter. Northern Trust Corp now owns 571,487 shares of the construction company’s stock valued at $211,239,000 after acquiring an additional 20,604 shares during the last quarter. Pacer Advisors Inc. lifted its stake in EMCOR Group by 3,878.2% during the first quarter. Pacer Advisors Inc. now owns 534,585 shares of the construction company’s stock worth $197,599,000 after purchasing an additional 521,147 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in EMCOR Group by 13.3% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 518,354 shares of the construction company’s stock worth $275,184,000 after acquiring an additional 60,693 shares in the last quarter. Finally, Burgundy Asset Management Ltd. boosted its position in EMCOR Group by 6.9% in the 1st quarter. Burgundy Asset Management Ltd. now owns 515,522 shares of the construction company’s stock valued at $190,552,000 after buying an additional 33,069 shares during the period. 92.59% of the stock is owned by institutional investors and hedge funds.

EMCOR Group Trading Down 16.6%

NYSE EME opened at $648.10 on Friday. The firm’s fifty day moving average price is $656.34 and its 200 day moving average price is $559.63. EMCOR Group, Inc. has a 12 month low of $320.89 and a 12 month high of $778.64. 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 company has a market capitalization of $29.01 billion, a price-to-earnings ratio of 26.89 and a beta of 1.24.

EMCOR Group (NYSE:EME) last released its quarterly earnings data on Thursday, October 30th. The construction company reported $6.57 earnings per share (EPS) for the quarter, meeting the consensus estimate of $6.57. The company had revenue of $4.30 billion during the quarter, compared to the consensus estimate of $4.27 billion. EMCOR Group had a net margin of 7.07% and a return on equity of 38.01%. EMCOR Group’s revenue for the quarter was up 16.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $5.80 earnings per share. EMCOR Group has set its FY 2025 guidance at 25.000-25.75 EPS. On average, sell-side analysts expect 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 was paid on Thursday, October 30th. Investors of record on Wednesday, October 15th were given a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, October 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.2%. EMCOR Group’s dividend payout ratio is 4.15%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on EME shares. Stifel Nicolaus upped their price target on EMCOR Group from $692.00 to $718.00 and gave the stock a “buy” rating in a report on Monday, October 13th. The Goldman Sachs Group upgraded shares of EMCOR Group from a “sell” rating to a “neutral” rating and upped their target price for the stock from $495.00 to $676.00 in a research note on Tuesday, October 7th. Zacks Research upgraded shares of EMCOR Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 12th. Wall Street Zen raised shares of EMCOR Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 2nd. Finally, DA Davidson lifted their price objective on shares of EMCOR Group from $515.00 to $725.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $654.83.

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.