Cim Investment Management Inc. Sells 23 Shares of EMCOR Group, Inc. $EME

Cim Investment Management Inc. trimmed its stake in EMCOR Group, Inc. (NYSE:EME) by 2.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 971 shares of the construction company’s stock after selling 23 shares during the period. Cim Investment Management Inc.’s holdings in EMCOR Group were worth $359,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of EME. EP Wealth Advisors LLC bought a new stake in shares of EMCOR Group in the 4th quarter valued at approximately $202,000. Focus Partners Wealth lifted its stake in shares of EMCOR Group by 351.8% in the 4th quarter. Focus Partners Wealth now owns 6,827 shares of the construction company’s stock valued at $3,160,000 after purchasing an additional 5,316 shares during the last quarter. Janus Henderson Group PLC lifted its stake in shares of EMCOR Group by 13.6% during the 4th quarter. Janus Henderson Group PLC now owns 3,819 shares of the construction company’s stock worth $1,734,000 after acquiring an additional 456 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its stake in shares of EMCOR Group by 280.7% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 10,230 shares of the construction company’s stock worth $4,643,000 after acquiring an additional 7,543 shares during the last quarter. Finally, Nomura Holdings Inc. bought a new stake in shares of EMCOR Group during the 4th quarter worth approximately $2,771,000. 92.59% of the stock is owned by institutional investors.

Analysts Set New Price Targets

EME has been the subject of a number of research analyst reports. Wall Street Zen raised EMCOR Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 2nd. The Goldman Sachs Group raised their price target on EMCOR Group from $384.00 to $435.00 and gave the stock a “sell” rating in a research note on Tuesday, July 8th. DA Davidson raised their price target on EMCOR Group from $515.00 to $725.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Hovde Group raised EMCOR Group to a “hold” rating in a research note on Friday, June 27th. Finally, Jefferies Financial Group initiated coverage on EMCOR Group in a research note on Friday, June 27th. They set a “buy” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, EMCOR Group has a consensus rating of “Moderate Buy” and a consensus price target of $594.50.

EMCOR Group Trading Up 0.9%

Shares of NYSE:EME opened at $640.36 on Friday. EMCOR Group, Inc. has a 12-month low of $320.89 and a 12-month high of $667.64. The business’s fifty day simple moving average is $602.71 and its 200-day simple moving average is $489.27. The company has a market capitalization of $28.67 billion, a PE ratio of 26.57 and a beta of 1.28. The company has a current ratio of 1.18, a quick ratio of 1.15 and a debt-to-equity ratio of 0.08.

EMCOR Group (NYSE:EME) last announced its quarterly earnings results on Thursday, July 31st. The construction company reported $6.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $4.10 billion. During the same period last year, the business posted $5.25 EPS. The business’s 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. As a group, equities research analysts predict that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Tuesday, July 15th were issued a $0.25 dividend. The ex-dividend date was Tuesday, July 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.2%. EMCOR Group’s dividend payout ratio (DPR) is currently 4.15%.

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.