Brandywine Global Investment Management LLC Lowers Stake in EMCOR Group, Inc. $EME

Brandywine Global Investment Management LLC lessened its holdings in EMCOR Group, Inc. (NYSE:EME) by 1.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,875 shares of the construction company’s stock after selling 524 shares during the period. Brandywine Global Investment Management LLC owned about 0.06% of EMCOR Group worth $14,375,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. IFP Advisors Inc increased its position in shares of EMCOR Group by 6.8% in the first quarter. IFP Advisors Inc now owns 1,782 shares of the construction company’s stock valued at $659,000 after buying an additional 113 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH grew its stake in EMCOR Group by 13.4% in the 1st quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 48,976 shares of the construction company’s stock valued at $18,103,000 after acquiring an additional 5,780 shares during the period. Wedbush Securities Inc. increased its holdings in EMCOR Group by 2.4% in the 1st quarter. Wedbush Securities Inc. now owns 1,600 shares of the construction company’s stock worth $591,000 after acquiring an additional 38 shares in the last quarter. Advisor OS LLC acquired a new position in EMCOR Group during the first quarter worth $210,000. Finally, Avantax Advisory Services Inc. raised its position in EMCOR Group by 11.6% during the first quarter. Avantax Advisory Services Inc. now owns 3,466 shares of the construction company’s stock worth $1,281,000 after acquiring an additional 361 shares during the period. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Insider Activity at EMCOR Group

In other news, Director Robin A. Walker-Lee sold 1,325 shares of the stock in a transaction on 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 transaction, the director directly owned 6,140 shares in the company, valued at approximately $4,158,130.80. This represents a 17.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.83% of the stock is currently owned by company insiders.

EMCOR Group Stock Performance

NYSE:EME opened at $581.24 on Friday. The company’s 50-day moving average is $659.52 and its two-hundred day moving average is $586.07. EMCOR Group, Inc. has a 1-year low of $320.89 and a 1-year 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 firm has a market capitalization of $26.02 billion, a price-to-earnings ratio of 24.12 and a beta of 1.25.

EMCOR Group (NYSE:EME) last released its quarterly earnings results on Thursday, October 30th. The construction company reported $6.57 EPS for the quarter, meeting the consensus estimate of $6.57. EMCOR Group had a net margin of 7.07% and a return on equity of 38.01%. The firm had revenue of $4.30 billion for the quarter, compared to analyst estimates of $4.27 billion. During the same quarter in the previous year, the company earned $5.80 EPS. The business’s revenue for the quarter was up 16.4% compared to the same quarter last year. EMCOR Group has set its FY 2025 guidance at 25.000-25.75 EPS. Analysts forecast that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Announces Dividend

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

Analysts Set New Price Targets

EME has been the topic of several research analyst reports. Wall Street Zen lowered shares of EMCOR Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 8th. Northcoast Research cut EMCOR Group from a “buy” rating to a “neutral” rating and set a $500.00 price objective on the stock. in a report on Thursday, August 7th. The Goldman Sachs Group upgraded EMCOR Group from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $495.00 to $676.00 in a research note on Tuesday, October 7th. UBS Group set a $750.00 target price on EMCOR Group and gave the company a “buy” rating in a research report on Tuesday, August 5th. Finally, Stifel Nicolaus boosted their price target on EMCOR Group from $692.00 to $718.00 and gave the stock a “buy” rating in a research report on Monday, October 13th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock 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.