Manchester Capital Management LLC Has $466,000 Stake in EMCOR Group, Inc. $EME

Manchester Capital Management LLC boosted its position in shares of EMCOR Group, Inc. (NYSE:EME) by 32.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 871 shares of the construction company’s stock after acquiring an additional 212 shares during the period. Manchester Capital Management LLC’s holdings in EMCOR Group were worth $466,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Avantax Advisory Services Inc. boosted its stake 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 buying an additional 361 shares in the last quarter. HB Wealth Management LLC boosted its position in shares of EMCOR Group by 197.1% during the 1st quarter. HB Wealth Management LLC now owns 2,873 shares of the construction company’s stock valued at $1,062,000 after acquiring an additional 1,906 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in EMCOR Group by 11.0% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 56,183 shares of the construction company’s stock valued at $20,767,000 after acquiring an additional 5,568 shares during the period. LPL Financial LLC raised its position in EMCOR Group by 33.0% in the first quarter. LPL Financial LLC now owns 60,154 shares of the construction company’s stock worth $22,235,000 after purchasing an additional 14,930 shares in the last quarter. Finally, Mackenzie Financial Corp boosted its holdings in EMCOR Group by 11.0% during the first quarter. Mackenzie Financial Corp now owns 3,914 shares of the construction company’s stock valued at $1,447,000 after purchasing an additional 389 shares in the last quarter. Institutional investors and hedge funds 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 EMCOR Group 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 transaction, the director owned 6,140 shares in the company, valued at $4,158,130.80. The trade was a 17.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.83% of the stock is currently owned by corporate insiders.

EMCOR Group Stock Up 0.4%

Shares of NYSE:EME opened at $605.41 on Wednesday. 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 stock has a market cap of $27.10 billion, a price-to-earnings ratio of 25.12 and a beta of 1.25. The company has a 50 day moving average of $658.75 and a 200-day moving average of $590.53. EMCOR Group, Inc. has a one year low of $320.89 and a one year high of $778.64.

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

EMCOR Group Announces Dividend

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

Analyst Ratings Changes

Several equities analysts recently commented on EME shares. Northcoast Research downgraded EMCOR Group from a “buy” rating to a “neutral” rating and set a $500.00 target price for the company. in a research report on Thursday, August 7th. Wall Street Zen lowered shares of EMCOR Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 8th. William Blair initiated coverage on EMCOR Group in a report on Thursday, September 11th. They set an “outperform” rating for the company. Zacks Research cut EMCOR Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 19th. Finally, DA Davidson lifted their price target on EMCOR Group from $725.00 to $800.00 and gave the company a “buy” rating in a report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $692.83.

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.