EMCOR Group, Inc. $EME Shares Bought by Montag A & Associates Inc.

Montag A & Associates Inc. grew its position in EMCOR Group, Inc. (NYSE:EME) by 3.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,545 shares of the construction company’s stock after acquiring an additional 199 shares during the quarter. Montag A & Associates Inc.’s holdings in EMCOR Group were worth $2,966,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in EME. Vise Technologies Inc. bought a new stake in EMCOR Group during the second quarter valued at $1,169,000. Allworth Financial LP boosted its holdings in shares of EMCOR Group by 2,337.8% in the 2nd quarter. Allworth Financial LP now owns 5,290 shares of the construction company’s stock valued at $2,830,000 after buying an additional 5,073 shares during the period. Fidelis Capital Partners LLC grew its position in shares of EMCOR Group by 5.0% during the 2nd quarter. Fidelis Capital Partners LLC now owns 1,145 shares of the construction company’s stock valued at $612,000 after buying an additional 55 shares during the last quarter. ProShare Advisors LLC raised its stake in EMCOR Group by 1.2% during the second quarter. ProShare Advisors LLC now owns 1,984 shares of the construction company’s stock worth $1,061,000 after acquiring an additional 24 shares during the period. Finally, PFG Advisors raised its stake in EMCOR Group by 27.9% during the second quarter. PFG Advisors now owns 12,785 shares of the construction company’s stock worth $6,839,000 after acquiring an additional 2,791 shares during the period. 92.59% of the stock is currently owned by institutional investors.

EMCOR Group Trading Down 2.4%

NYSE:EME opened at $640.38 on Wednesday. EMCOR Group, Inc. has a 1 year low of $320.89 and a 1 year high of $778.64. The stock has a market cap of $28.67 billion, a price-to-earnings ratio of 26.57 and a beta of 1.25. The business has a fifty day moving average of $662.82 and a 200-day moving average of $577.60. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.15 and a current ratio of 1.18.

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

EMCOR Group Announces Dividend

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

Wall Street Analyst Weigh In

Several equities analysts have recently commented on EME shares. Zacks Research raised EMCOR Group from a “hold” rating to a “strong-buy” rating in a report on Friday, September 12th. Wall Street Zen downgraded EMCOR Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday. The Goldman Sachs Group raised EMCOR Group from a “sell” rating to a “neutral” rating and increased their target price for the stock from $495.00 to $676.00 in a research report on Tuesday, October 7th. UBS Group set a $750.00 price target on shares of EMCOR Group and gave the company a “buy” rating in a report on Tuesday, August 5th. Finally, Robert W. Baird set a $713.00 price objective on shares of EMCOR Group in a report on Friday, October 31st. Two research 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $692.83.

Insider Activity

In related news, Director Robin A. Walker-Lee sold 1,325 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The shares were 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. This trade represents a 17.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.83% of the stock is owned by company insiders.

About EMCOR Group

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.