Louisiana State Employees Retirement System Sells 300 Shares of EMCOR Group, Inc. $EME

Louisiana State Employees Retirement System lessened its position in shares of EMCOR Group, Inc. (NYSE:EME) by 2.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,600 shares of the construction company’s stock after selling 300 shares during the quarter. Louisiana State Employees Retirement System’s holdings in EMCOR Group were worth $6,740,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. BankPlus Trust Department boosted its position in shares of EMCOR Group by 350.0% during the 2nd quarter. BankPlus Trust Department now owns 324 shares of the construction company’s stock valued at $173,000 after acquiring an additional 252 shares during the last quarter. Canopy Partners LLC bought a new stake in shares of EMCOR Group in the 2nd quarter worth about $342,000. Shell Asset Management Co. increased its holdings in shares of EMCOR Group by 22.9% in the 2nd quarter. Shell Asset Management Co. now owns 5,148 shares of the construction company’s stock worth $2,754,000 after buying an additional 958 shares during the last quarter. KLP Kapitalforvaltning AS grew its position in EMCOR Group by 8.1% in the second quarter. KLP Kapitalforvaltning AS now owns 51,900 shares of the construction company’s stock worth $27,761,000 after acquiring an additional 3,900 shares in the last quarter. Finally, SteelPeak Wealth LLC grew its position in EMCOR Group by 36.9% in the second quarter. SteelPeak Wealth LLC now owns 2,842 shares of the construction company’s stock worth $1,520,000 after acquiring an additional 766 shares in the last quarter. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on EME. Northcoast Research lowered EMCOR Group from a “buy” rating to a “neutral” rating and set a $500.00 price objective for the company. in a research note on Thursday, August 7th. William Blair began coverage on shares of EMCOR Group in a research report on Thursday, September 11th. They set an “outperform” rating on the stock. The Goldman Sachs Group raised shares of EMCOR Group from a “sell” rating to a “neutral” rating and set a $676.00 price target for the company in a research note on Tuesday. Wall Street Zen raised shares of EMCOR Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 2nd. Finally, Hovde Group raised shares of EMCOR Group to a “hold” rating in a research note on Friday, June 27th. 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’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $634.67.

EMCOR Group Price Performance

Shares of EME stock opened at $673.59 on Wednesday. EMCOR Group, Inc. has a twelve month low of $320.89 and a twelve month high of $685.82. The stock has a market capitalization of $30.15 billion, a price-to-earnings ratio of 27.95 and a beta of 1.24. The stock has a fifty day simple moving average of $628.82 and a two-hundred day simple moving average of $521.45. 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 posted its earnings results on Thursday, July 31st. The construction company reported $6.72 earnings per share for the quarter, topping analysts’ consensus estimates of $5.68 by $1.04. The company 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 quarter in the prior year, the business earned $5.25 earnings per share. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 EPS. On average, analysts predict that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 30th. Investors of record on Wednesday, October 15th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Wednesday, October 15th. EMCOR Group’s dividend payout ratio is currently 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.