EMCOR Group, Inc. $EME Stake Reduced by CVA Family Office LLC

CVA Family Office LLC cut its stake in EMCOR Group, Inc. (NYSE:EME) by 11.9% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 170 shares of the construction company’s stock after selling 23 shares during the period. CVA Family Office LLC’s holdings in EMCOR Group were worth $91,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of EME. Private Trust Co. NA grew its position in shares of EMCOR Group by 28.6% during the first quarter. Private Trust Co. NA now owns 279 shares of the construction company’s stock worth $103,000 after acquiring 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 valued at $3,955,000 after purchasing an additional 6,361 shares during the period. GAMMA Investing LLC grew its position in EMCOR Group by 34.9% in the 1st quarter. GAMMA Investing LLC now owns 1,012 shares of the construction company’s stock worth $374,000 after purchasing an additional 262 shares during the last quarter. Nordea Investment Management AB increased its stake in shares of EMCOR Group by 63.8% in the second quarter. Nordea Investment Management AB now owns 395,110 shares of the construction company’s stock valued at $210,278,000 after purchasing an additional 153,948 shares during the period. Finally, Raymond James Financial Inc. raised its holdings in shares of EMCOR Group by 8.7% during the first quarter. Raymond James Financial Inc. now owns 101,536 shares of the construction company’s stock valued at $37,531,000 after buying an additional 8,166 shares during the last quarter. Institutional investors and hedge funds own 92.59% of the company’s stock.

Analysts Set New Price Targets

EME has been the subject of a number of recent analyst reports. DA Davidson increased their price objective on EMCOR Group from $515.00 to $725.00 and gave the stock a “buy” rating in a report on Friday, August 1st. The Goldman Sachs Group raised EMCOR Group from a “sell” rating to a “neutral” rating and increased their price target for the stock from $495.00 to $676.00 in a research note on Tuesday, October 7th. Northcoast Research lowered EMCOR Group from a “buy” rating to a “neutral” rating and set a $500.00 price target on the stock. in a report on Thursday, August 7th. Wall Street Zen raised shares of EMCOR Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 2nd. Finally, William Blair started coverage on shares of EMCOR Group in a research note on Thursday, September 11th. They set an “outperform” rating on the stock. 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 stock. According to MarketBeat.com, EMCOR Group has an average rating of “Moderate Buy” and a consensus target price of $654.83.

EMCOR Group Trading Up 7.5%

Shares of EME stock opened at $748.23 on Friday. The stock has a 50-day simple moving average of $646.43 and a 200 day simple moving average of $550.00. The stock has a market capitalization of $33.49 billion, a P/E ratio of 31.05 and a beta of 1.24. EMCOR Group, Inc. has a fifty-two week low of $320.89 and a fifty-two week high of $752.52. The company has a quick ratio of 1.15, a current ratio of 1.18 and a debt-to-equity ratio of 0.08.

EMCOR Group (NYSE:EME) last issued its quarterly earnings results on Thursday, July 31st. The construction company reported $6.72 earnings per share for the quarter, beating analysts’ consensus estimates of $5.68 by $1.04. EMCOR Group had a net margin of 7.07% and a return on equity of 38.01%. The company had revenue of $4.30 billion during the quarter, compared to the consensus estimate of $4.10 billion. During the same period in the prior year, the company earned $5.25 EPS. EMCOR Group’s revenue was up 17.4% on a year-over-year basis. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 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 firm also recently declared a quarterly dividend, which will be paid on Thursday, October 30th. Shareholders of record on Wednesday, October 15th will be given a $0.25 dividend. The ex-dividend date is Wednesday, October 15th. This represents a $1.00 annualized dividend 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.