First Horizon Advisors Inc. Purchases 106 Shares of EMCOR Group, Inc. $EME

First Horizon Advisors Inc. lifted its position in EMCOR Group, Inc. (NYSE:EME) by 45.5% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 339 shares of the construction company’s stock after acquiring an additional 106 shares during the period. First Horizon Advisors Inc.’s holdings in EMCOR Group were worth $181,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Pacer Advisors Inc. raised its holdings in EMCOR Group by 3,878.2% in the 1st quarter. Pacer Advisors Inc. now owns 534,585 shares of the construction company’s stock worth $197,599,000 after acquiring an additional 521,147 shares during the last quarter. New Vernon Capital Holdings II LLC bought a new stake in shares of EMCOR Group in the 1st quarter worth $114,220,000. Jones Financial Companies Lllp raised its stake in shares of EMCOR Group by 56,287.8% in the first quarter. Jones Financial Companies Lllp now owns 286,450 shares of the construction company’s stock worth $105,881,000 after purchasing an additional 285,942 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of EMCOR Group by 43.6% during 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. Finally, Nuveen LLC purchased a new stake in shares of EMCOR Group during the first quarter valued at $71,821,000. Hedge funds and other institutional investors own 92.59% of the company’s stock.

EMCOR Group Stock Performance

EME opened at $649.15 on Friday. The company’s 50 day moving average is $661.69 and its 200 day moving average is $572.85. The company has a current ratio of 1.18, a quick ratio of 1.15 and a debt-to-equity ratio of 0.08. The company has a market cap of $29.06 billion, a price-to-earnings ratio of 26.94 and a beta of 1.25. EMCOR Group, Inc. has a 12-month low of $320.89 and a 12-month high of $778.64.

EMCOR Group (NYSE:EME) last released its quarterly earnings results on Thursday, October 30th. The construction company reported $6.57 earnings per share for the quarter, hitting the consensus estimate of $6.57. The business had revenue of $4.30 billion for 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%. The company’s quarterly revenue was up 16.4% on a year-over-year basis. During the same period last year, the firm earned $5.80 earnings per share. EMCOR Group has set its FY 2025 guidance at 25.000-25.75 EPS. On average, equities research analysts predict that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 30th. Investors of record on Wednesday, October 15th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend was Wednesday, October 15th. EMCOR Group’s dividend payout ratio (DPR) is currently 4.02%.

Insiders Place Their Bets

In other EMCOR Group news, Director Robin A. Walker-Lee sold 1,325 shares of the business’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $677.22, for a total transaction of $897,316.50. Following the completion of the sale, the director owned 6,140 shares of the company’s stock, valued at approximately $4,158,130.80. The trade was a 17.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.83% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Zacks Research upgraded EMCOR Group from a “hold” rating to a “strong-buy” rating in a report on Friday, September 12th. William Blair initiated coverage on shares of EMCOR Group in a report on Thursday, September 11th. They set an “outperform” rating for the company. UBS Group set a $750.00 price objective on shares of EMCOR Group and gave the company a “buy” rating in a research report on Tuesday, August 5th. Wall Street Zen downgraded shares of EMCOR Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Finally, Northcoast Research cut 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. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $692.83.

EMCOR Group Company 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.