EMCOR Group, Inc. $EME Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC reduced its stake in EMCOR Group, Inc. (NYSE:EME) by 3.1% during the 2nd quarter, HoldingsChannel reports. The firm owned 150,135 shares of the construction company’s stock after selling 4,794 shares during the period. Los Angeles Capital Management LLC’s holdings in EMCOR Group were worth $80,306,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the stock. Nordea Investment Management AB boosted its holdings in shares of EMCOR Group by 63.8% in the second quarter. Nordea Investment Management AB now owns 395,110 shares of the construction company’s stock valued at $210,278,000 after acquiring an additional 153,948 shares in the last quarter. AG2R LA Mondiale Gestion D Actifs purchased a new position in EMCOR Group in the second quarter valued at about $1,606,000. Raymond James Financial Inc. lifted its position in shares of EMCOR Group by 8.7% during the 1st quarter. Raymond James Financial Inc. now owns 101,536 shares of the construction company’s stock valued at $37,531,000 after acquiring an additional 8,166 shares during the period. Belpointe Asset Management LLC purchased a new stake in shares of EMCOR Group during the 1st quarter worth approximately $277,000. Finally, Earned Wealth Advisors LLC purchased a new stake in shares of EMCOR Group during the 2nd quarter worth approximately $204,000. Institutional investors and hedge funds own 92.59% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on EME shares. DA Davidson lifted their price objective on EMCOR Group from $725.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Zacks Research upgraded EMCOR Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 12th. The Goldman Sachs Group upgraded shares of EMCOR Group from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $495.00 to $676.00 in a research report on Tuesday, October 7th. Wall Street Zen cut shares of EMCOR Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Finally, Robert W. Baird set a $713.00 target price on shares of EMCOR Group in a research report on Friday, October 31st. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, EMCOR Group presently has an average rating of “Moderate Buy” and an average price target of $692.83.

EMCOR Group Stock Down 0.7%

EME stock opened at $649.15 on Friday. The company has a 50 day moving average price of $661.69 and a two-hundred day moving average price of $571.46. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.15 and a current ratio of 1.18. The stock has a market capitalization of $29.06 billion, a P/E ratio of 26.94 and a beta of 1.25. EMCOR Group, Inc. has a one year low of $320.89 and a one year high of $778.64.

EMCOR Group (NYSE:EME) last released its earnings results on Thursday, October 30th. The construction company reported $6.57 EPS for the quarter, meeting 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 during the quarter, compared to analyst estimates of $4.27 billion. During the same period in the prior year, the firm posted $5.80 earnings per share. The business’s quarterly 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. As a group, sell-side analysts expect that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 30th. Stockholders of record on Wednesday, October 15th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, October 15th. This represents a $1.00 annualized dividend and a dividend yield of 0.2%. EMCOR Group’s payout ratio is currently 4.02%.

Insider Activity at EMCOR Group

In related news, Director Robin A. Walker-Lee sold 1,325 shares of the stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $677.22, for a total value of $897,316.50. Following the transaction, the director directly owned 6,140 shares of the company’s stock, valued at approximately $4,158,130.80. This trade represents a 17.75% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.83% of the stock is currently owned by insiders.

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.