Ritholtz Wealth Management Cuts Stock Position in EMCOR Group, Inc. $EME

Ritholtz Wealth Management decreased its holdings in shares of EMCOR Group, Inc. (NYSE:EME) by 5.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,350 shares of the construction company’s stock after selling 1,269 shares during the period. Ritholtz Wealth Management’s holdings in EMCOR Group were worth $10,885,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Pacer Advisors Inc. lifted its holdings in EMCOR Group by 3,878.2% during the first quarter. Pacer Advisors Inc. now owns 534,585 shares of the construction company’s stock valued at $197,599,000 after purchasing an additional 521,147 shares in the last quarter. New Vernon Capital Holdings II LLC acquired a new position in shares of EMCOR Group during the 1st quarter worth about $114,220,000. Jones Financial Companies Lllp lifted its stake in EMCOR Group by 56,287.8% in the 1st quarter. Jones Financial Companies Lllp now owns 286,450 shares of the construction company’s stock valued at $105,881,000 after buying an additional 285,942 shares in the last quarter. AQR Capital Management LLC boosted its holdings in EMCOR Group by 43.6% in the 1st quarter. AQR Capital Management LLC now owns 703,456 shares of the construction company’s stock worth $253,065,000 after buying an additional 213,631 shares during the last quarter. Finally, Nuveen LLC purchased a new stake in EMCOR Group during the 1st quarter worth approximately $71,821,000. Institutional investors and hedge funds own 92.59% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on EME shares. Stifel Nicolaus raised their target price on EMCOR Group from $692.00 to $718.00 and gave the company a “buy” rating in a research report on Monday. The Goldman Sachs Group upgraded EMCOR Group from a “sell” rating to a “neutral” rating and raised their price objective for the company from $495.00 to $676.00 in a report on Tuesday, October 7th. Baird R W raised shares of EMCOR Group to a “strong-buy” rating in a research note on Friday, June 27th. DA Davidson upped their target price on shares of EMCOR Group from $515.00 to $725.00 and gave the stock a “buy” rating in a report on Friday, August 1st. Finally, Robert W. Baird began coverage on shares of EMCOR Group in a research note on Friday, June 27th. They issued an “outperform” rating and a $560.00 price target on the stock. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $654.83.

EMCOR Group Stock Down 0.2%

Shares of NYSE:EME opened at $675.76 on Wednesday. EMCOR Group, Inc. has a 52-week low of $320.89 and a 52-week high of $697.91. The stock has a market cap of $30.25 billion, a P/E ratio of 28.04 and a beta of 1.24. The business has a fifty day moving average of $633.82 and a two-hundred day moving average of $531.36. 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 (NYSE:EME) last posted its quarterly earnings results on Thursday, July 31st. The construction company reported $6.72 EPS for the quarter, topping the consensus estimate of $5.68 by $1.04. 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 for the quarter, compared to analyst estimates of $4.10 billion. During the same quarter in the previous year, the firm earned $5.25 EPS. The company’s quarterly revenue was up 17.4% compared to the same quarter last year. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 EPS. On average, research analysts expect that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Announces Dividend

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

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.