Prudential Financial Inc. Lowers Position in EMCOR Group, Inc. $EME

Prudential Financial Inc. decreased its stake in EMCOR Group, Inc. (NYSE:EME) by 26.9% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 12,270 shares of the construction company’s stock after selling 4,524 shares during the period. Prudential Financial Inc.’s holdings in EMCOR Group were worth $6,563,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Tobam lifted its position in shares of EMCOR Group by 1,900.0% during the 2nd quarter. Tobam now owns 80 shares of the construction company’s stock valued at $43,000 after buying an additional 76 shares in the last quarter. Groupe la Francaise raised its stake in EMCOR Group by 79.2% during the 1st quarter. Groupe la Francaise now owns 86 shares of the construction company’s stock worth $33,000 after acquiring an additional 38 shares during the period. Pandora Wealth Inc. purchased a new position in EMCOR Group during the first quarter valued at approximately $37,000. Harbor Investment Advisory LLC boosted its position in shares of EMCOR Group by 110.0% in the second quarter. Harbor Investment Advisory LLC now owns 105 shares of the construction company’s stock worth $56,000 after purchasing an additional 55 shares during the period. Finally, Hazlett Burt & Watson Inc. increased its stake in shares of EMCOR Group by 37.5% in the second quarter. Hazlett Burt & Watson Inc. now owns 110 shares of the construction company’s stock worth $59,000 after purchasing an additional 30 shares in the last quarter. Institutional investors own 92.59% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Weiss Ratings restated a “buy (b)” rating on shares of EMCOR Group in a research note on Wednesday, October 8th. Robert W. Baird set a $713.00 price target on EMCOR Group in a report on Friday, October 31st. Zacks Research downgraded EMCOR Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 19th. The Goldman Sachs Group raised EMCOR Group from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $495.00 to $676.00 in a research note on Tuesday, October 7th. Finally, Stifel Nicolaus lifted their target price on EMCOR Group from $692.00 to $718.00 and gave the company a “buy” rating in a research note on Monday, October 13th. One equities research 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 company. Based on data from MarketBeat, EMCOR Group currently has a consensus rating of “Moderate Buy” and an average price target of $692.83.

EMCOR Group Stock Up 0.7%

EME opened at $614.74 on Friday. The company has a market capitalization of $27.52 billion, a PE ratio of 25.51 and a beta of 1.25. The firm has a 50-day simple moving average of $657.91 and a two-hundred day simple moving average of $592.75. The company has a quick ratio of 1.15, a current ratio of 1.18 and a debt-to-equity ratio of 0.08. EMCOR Group, Inc. has a 52 week low of $320.89 and a 52 week 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 the consensus estimate of $6.57. EMCOR Group had a return on equity of 38.01% and a net margin of 7.07%.The firm had revenue of $4.30 billion for the quarter, compared to analysts’ expectations of $4.27 billion. During the same period in the previous year, the firm posted $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 forecast that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 30th. Stockholders of record on Wednesday, October 15th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend 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 4.02%.

Insider Activity at EMCOR Group

In other news, Director Robin A. Walker-Lee sold 1,325 shares of the stock in a transaction that occurred 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.83% of the company’s stock.

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.