EMCOR Group, Inc. $EME Stock Holdings Lessened by Keybank National Association OH

Keybank National Association OH trimmed its stake in EMCOR Group, Inc. (NYSE:EME) by 4.0% in the second quarter, Holdings Channel.com reports. The firm owned 2,004 shares of the construction company’s stock after selling 84 shares during the quarter. Keybank National Association OH’s holdings in EMCOR Group were worth $1,072,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in EME. Private Trust Co. NA lifted its position in shares of EMCOR Group by 28.6% in the first quarter. Private Trust Co. NA now owns 279 shares of the construction company’s stock worth $103,000 after purchasing an additional 62 shares in the last quarter. Mutual Advisors LLC lifted its position in shares of EMCOR Group by 21.8% in the first quarter. Mutual Advisors LLC now owns 1,107 shares of the construction company’s stock worth $454,000 after purchasing an additional 198 shares in the last quarter. OneDigital Investment Advisors LLC lifted its position in shares of EMCOR Group by 5.7% in the first quarter. OneDigital Investment Advisors LLC now owns 5,790 shares of the construction company’s stock worth $2,140,000 after purchasing an additional 312 shares in the last quarter. IFM Investors Pty Ltd raised its position in EMCOR Group by 7.1% during the first quarter. IFM Investors Pty Ltd now owns 9,218 shares of the construction company’s stock valued at $3,407,000 after acquiring an additional 615 shares in the last quarter. Finally, Brookstone Capital Management bought a new position in EMCOR Group during the first quarter valued at approximately $1,704,000. 92.59% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on EME. Stifel Nicolaus raised their price objective on shares of EMCOR Group from $692.00 to $718.00 and gave the company a “buy” rating in a research report on Monday, October 13th. The Goldman Sachs Group raised shares of 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 research report on Tuesday, October 7th. Robert W. Baird set a $713.00 price objective on shares of EMCOR Group in a research report on Friday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of EMCOR Group in a research report on Wednesday, October 8th. Finally, Zacks Research raised shares of EMCOR Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 12th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, EMCOR Group has an average rating of “Moderate Buy” and a consensus price target of $692.83.

EMCOR Group Trading Up 4.3%

NYSE:EME opened at $675.81 on Monday. EMCOR Group, Inc. has a 12 month low of $320.89 and a 12 month high of $778.64. The firm has a market cap of $30.25 billion, a price-to-earnings ratio of 28.04 and a beta of 1.24. The company has a quick ratio of 1.15, a current ratio of 1.18 and a debt-to-equity ratio of 0.08. The company’s 50 day moving average is $657.65 and its 200-day moving average is $564.11.

EMCOR Group (NYSE:EME) last released its quarterly earnings results on Thursday, October 30th. The construction company reported $6.57 EPS for the quarter, meeting analysts’ consensus estimates of $6.57. EMCOR Group had a net margin of 7.07% and a return on equity of 38.01%. The company had revenue of $4.30 billion for the quarter, compared to analyst estimates of $4.27 billion. During the same quarter last year, the firm posted $5.80 earnings per share. The company’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. Equities analysts anticipate that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 30th. Stockholders of record on Wednesday, October 15th were given a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, October 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.1%. EMCOR Group’s dividend payout ratio (DPR) is currently 4.02%.

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.