Securian Asset Management Inc. Decreases Stock Position in EMCOR Group, Inc. $EME

Securian Asset Management Inc. reduced its position in EMCOR Group, Inc. (NYSE:EME) by 4.7% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,409 shares of the construction company’s stock after selling 169 shares during the period. Securian Asset Management Inc.’s holdings in EMCOR Group were worth $1,823,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in EME. BankPlus Trust Department raised its holdings in EMCOR Group by 200.0% in the 1st quarter. BankPlus Trust Department now owns 72 shares of the construction company’s stock worth $27,000 after acquiring an additional 48 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in EMCOR Group during the 1st quarter valued at $28,000. Hazlett Burt & Watson Inc. purchased a new stake in EMCOR Group during the 1st quarter valued at $30,000. 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 valued at $33,000 after buying an additional 38 shares during the last quarter. Finally, Pandora Wealth Inc. purchased a new stake in EMCOR Group during the 1st quarter valued at $37,000. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of EMCOR Group in a research note on Wednesday, October 8th. Wall Street Zen upgraded shares of EMCOR Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 2nd. The Goldman Sachs Group upgraded shares of EMCOR Group from a “sell” rating to a “neutral” rating and boosted their target price for the company from $495.00 to $676.00 in a research note on Tuesday, October 7th. Hovde Group upgraded shares of EMCOR Group to a “hold” rating in a research note on Friday, June 27th. Finally, Robert W. Baird began coverage on EMCOR Group in a research note on Friday, June 27th. They issued an “outperform” rating and a $560.00 price objective for the company. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, EMCOR Group currently has an average rating of “Moderate Buy” and a consensus target price of $654.83.

EMCOR Group Trading Down 3.9%

NYSE:EME opened at $663.17 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 firm has a market capitalization of $29.68 billion, a price-to-earnings ratio of 27.52 and a beta of 1.24. EMCOR Group, Inc. has a one year low of $320.89 and a one year high of $704.09. The business has a fifty day moving average price of $641.83 and a 200-day moving average price of $543.53.

EMCOR Group (NYSE:EME) last posted its quarterly earnings data on Thursday, July 31st. The construction company reported $6.72 EPS for the quarter, topping the consensus estimate of $5.68 by $1.04. The firm had revenue of $4.30 billion during the quarter, compared to analyst estimates of $4.10 billion. EMCOR Group had a return on equity of 38.01% and a net margin of 7.07%.EMCOR Group’s revenue was up 17.4% on a year-over-year basis. During the same period in the prior year, the business posted $5.25 EPS. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 EPS. Sell-side analysts forecast that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 30th. Investors of record on Wednesday, October 15th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, October 15th. This represents a $1.00 annualized dividend and a yield of 0.2%. EMCOR Group’s dividend payout ratio is currently 4.15%.

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.