Ethic Inc. Decreases Position in EMCOR Group, Inc. $EME

Ethic Inc. lessened its holdings in EMCOR Group, Inc. (NYSE:EME) by 5.8% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,695 shares of the construction company’s stock after selling 288 shares during the period. Ethic Inc.’s holdings in EMCOR Group were worth $2,491,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EME. GAMMA Investing LLC lifted its position in shares of EMCOR Group by 34.9% during the 1st quarter. GAMMA Investing LLC now owns 1,012 shares of the construction company’s stock worth $374,000 after purchasing an additional 262 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in shares of EMCOR Group by 146.6% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 10,700 shares of the construction company’s stock worth $3,955,000 after purchasing an additional 6,361 shares during the last quarter. Asset Management One Co. Ltd. lifted its position in shares of EMCOR Group by 6.8% during the 1st quarter. Asset Management One Co. Ltd. now owns 21,080 shares of the construction company’s stock worth $7,792,000 after purchasing an additional 1,342 shares during the last quarter. Perigon Wealth Management LLC lifted its position in shares of EMCOR Group by 41.0% during the 1st quarter. Perigon Wealth Management LLC now owns 1,097 shares of the construction company’s stock worth $405,000 after purchasing an additional 319 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its position in shares of EMCOR Group by 22.0% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 115,750 shares of the construction company’s stock worth $42,785,000 after purchasing an additional 20,897 shares during the last quarter. Hedge funds and other institutional investors own 92.59% of the company’s stock.

EMCOR Group Price Performance

Shares of EME opened at $748.23 on Friday. EMCOR Group, Inc. has a 1-year low of $320.89 and a 1-year high of $752.52. The stock has a market cap of $33.49 billion, a PE ratio of 31.05 and a beta of 1.24. 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 fifty day moving average price of $646.43 and a 200 day moving average price of $548.64.

EMCOR Group (NYSE:EME) last announced its quarterly earnings results on Thursday, July 31st. The construction company reported $6.72 earnings per share for the quarter, beating analysts’ consensus estimates of $5.68 by $1.04. The firm had revenue of $4.30 billion during the quarter, compared to analysts’ expectations of $4.10 billion. EMCOR Group had a net margin of 7.07% and a return on equity of 38.01%. EMCOR Group’s quarterly revenue was up 17.4% compared to the same quarter last year. During the same period in the previous year, the company earned $5.25 earnings per share. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 EPS. As a group, sell-side analysts anticipate that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 30th. Shareholders of record on Wednesday, October 15th will be paid a $0.25 dividend. The ex-dividend date is Wednesday, October 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.1%. EMCOR Group’s payout ratio is currently 4.15%.

Analysts Set New Price Targets

EME has been the subject of several recent analyst reports. William Blair initiated coverage on shares of EMCOR Group in a research report on Thursday, September 11th. They set an “outperform” rating for the company. Jefferies Financial Group initiated coverage on shares of EMCOR Group in a research report on Friday, June 27th. They set a “buy” rating for the company. Robert W. Baird initiated coverage on shares of EMCOR Group in a research report on Friday, June 27th. They set an “outperform” rating and a $560.00 price objective for the company. Zacks Research raised shares of EMCOR Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 12th. Finally, Northcoast Research cut shares of EMCOR Group from a “buy” rating to a “neutral” rating and set a $500.00 price target for the company. in a research report on Thursday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $654.83.

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.