WESPAC Advisors SoCal LLC Sells 2,201 Shares of EMCOR Group, Inc. $EME

WESPAC Advisors SoCal LLC lessened its holdings in EMCOR Group, Inc. (NYSE:EME) by 13.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 13,911 shares of the construction company’s stock after selling 2,201 shares during the quarter. EMCOR Group makes up approximately 1.7% of WESPAC Advisors SoCal LLC’s holdings, making the stock its 23rd biggest holding. WESPAC Advisors SoCal LLC’s holdings in EMCOR Group were worth $7,441,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Private Trust Co. NA boosted its stake in shares of EMCOR Group by 28.6% in the 1st 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. Cambridge Investment Research Advisors Inc. boosted its stake in EMCOR Group by 146.6% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 10,700 shares of the construction company’s stock worth $3,955,000 after acquiring an additional 6,361 shares during the last quarter. GAMMA Investing LLC boosted its stake in EMCOR Group by 34.9% during the 1st quarter. GAMMA Investing LLC now owns 1,012 shares of the construction company’s stock worth $374,000 after acquiring an additional 262 shares during the last quarter. Nordea Investment Management AB boosted its stake in EMCOR Group by 63.8% during the 2nd quarter. Nordea Investment Management AB now owns 395,110 shares of the construction company’s stock worth $210,278,000 after acquiring an additional 153,948 shares during the last quarter. Finally, Raymond James Financial Inc. boosted its stake in EMCOR Group by 8.7% during the 1st quarter. Raymond James Financial Inc. now owns 101,536 shares of the construction company’s stock worth $37,531,000 after acquiring an additional 8,166 shares during the last quarter. Institutional investors own 92.59% of the company’s stock.

EMCOR Group Stock Performance

Shares of EME stock opened at $700.79 on Tuesday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.15 and a current ratio of 1.18. The company has a market capitalization of $31.37 billion, a P/E ratio of 29.08 and a beta of 1.24. The company’s 50 day moving average price is $639.76 and its two-hundred day moving average price is $541.66. EMCOR Group, Inc. has a 52 week low of $320.89 and a 52 week high of $704.09.

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

EMCOR Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 30th. Stockholders of record on Wednesday, October 15th will be issued a $0.25 dividend. The ex-dividend date is Wednesday, October 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.1%. EMCOR Group’s dividend payout ratio (DPR) is 4.15%.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of EMCOR Group in a research note on Wednesday, October 8th. Hovde Group raised shares of EMCOR Group to a “hold” rating in a research note on Friday, June 27th. Wall Street Zen raised shares of EMCOR Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 2nd. UBS Group set a $750.00 price objective on shares of EMCOR Group and gave the stock a “buy” rating in a research note on Tuesday, August 5th. Finally, Jefferies Financial Group initiated coverage on shares of EMCOR Group in a research note on Friday, June 27th. They set a “buy” rating on the stock. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $654.83.

About EMCOR Group

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.