Citizens Financial Group Inc. RI Acquires Shares of 484 EMCOR Group, Inc. $EME

Citizens Financial Group Inc. RI bought a new position in shares of EMCOR Group, Inc. (NYSE:EME) in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 484 shares of the construction company’s stock, valued at approximately $259,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in EME. McLean Asset Management Corp grew its stake in EMCOR Group by 2.8% in the 2nd quarter. McLean Asset Management Corp now owns 700 shares of the construction company’s stock valued at $379,000 after acquiring an additional 19 shares during the period. Park Place Capital Corp lifted its holdings in EMCOR Group by 6.9% during the second quarter. Park Place Capital Corp now owns 308 shares of the construction company’s stock valued at $164,000 after purchasing an additional 20 shares in the last quarter. Simon Quick Advisors LLC grew its position in shares of EMCOR Group by 2.1% in the second quarter. Simon Quick Advisors LLC now owns 1,092 shares of the construction company’s stock valued at $584,000 after purchasing an additional 22 shares during the period. NBC Securities Inc. grew its position in shares of EMCOR Group by 0.7% in the second quarter. NBC Securities Inc. now owns 3,170 shares of the construction company’s stock valued at $1,695,000 after purchasing an additional 23 shares during the period. Finally, Institute for Wealth Management LLC. increased its stake in shares of EMCOR Group by 2.2% during the second quarter. Institute for Wealth Management LLC. now owns 1,051 shares of the construction company’s stock worth $562,000 after purchasing an additional 23 shares in the last quarter. Hedge funds and other institutional investors own 92.59% of the company’s stock.

EMCOR Group Trading Down 1.6%

EME opened at $604.73 on Thursday. 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 company’s 50 day simple moving average is $661.63 and its two-hundred day simple moving average is $585.08. EMCOR Group, Inc. has a 1-year low of $320.89 and a 1-year high of $778.64. The firm has a market capitalization of $27.07 billion, a price-to-earnings ratio of 25.09 and a beta of 1.25.

EMCOR Group (NYSE:EME) last posted its quarterly earnings results on Thursday, October 30th. The construction company reported $6.57 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $6.57. EMCOR Group had a return on equity of 38.01% and a net margin of 7.07%.The business had revenue of $4.30 billion during the quarter, compared to analyst estimates of $4.27 billion. During the same period in the prior year, the business earned $5.80 earnings per share. The business’s revenue 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 expect that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Dividend Announcement

The business also recently announced 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 yield of 0.2%. The ex-dividend date was Wednesday, October 15th. EMCOR Group’s dividend payout ratio is presently 4.02%.

Insider Activity

In other news, Director Robin A. Walker-Lee sold 1,325 shares of EMCOR Group 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 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.83% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Stifel Nicolaus raised their price target on shares of EMCOR Group from $692.00 to $718.00 and gave the company a “buy” rating in a research note on Monday, October 13th. Northcoast Research cut EMCOR Group from a “buy” rating to a “neutral” rating and set a $500.00 target price for the company. in a report on Thursday, August 7th. The Goldman Sachs Group upgraded EMCOR Group from a “sell” rating to a “neutral” rating and raised their target price for the company from $495.00 to $676.00 in a research report on Tuesday, October 7th. DA Davidson lifted their price target on EMCOR Group from $725.00 to $800.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Finally, William Blair began coverage on EMCOR Group in a research report on Thursday, September 11th. They set an “outperform” rating for the company. 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 company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.