Fifth Third Bancorp Trims Position in EMCOR Group, Inc. $EME

Fifth Third Bancorp trimmed its holdings in EMCOR Group, Inc. (NYSE:EME) by 4.9% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 803 shares of the construction company’s stock after selling 41 shares during the period. Fifth Third Bancorp’s holdings in EMCOR Group were worth $430,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in EME. McLean Asset Management Corp increased its position in EMCOR Group by 2.8% during the 2nd quarter. McLean Asset Management Corp now owns 700 shares of the construction company’s stock worth $379,000 after purchasing an additional 19 shares during the period. NBC Securities Inc. raised its stake in shares of EMCOR Group by 0.7% during the 2nd quarter. NBC Securities Inc. now owns 3,170 shares of the construction company’s stock worth $1,695,000 after buying an additional 23 shares in the last quarter. McGlone Suttner Wealth Management Inc. raised its stake in shares of EMCOR Group by 1.9% during the 2nd quarter. McGlone Suttner Wealth Management Inc. now owns 1,518 shares of the construction company’s stock worth $812,000 after buying an additional 29 shares in the last quarter. Alps Advisors Inc. raised its stake in shares of EMCOR Group by 3.4% during the 1st quarter. Alps Advisors Inc. now owns 908 shares of the construction company’s stock worth $336,000 after buying an additional 30 shares in the last quarter. Finally, Allworth Financial LP raised its stake in shares of EMCOR Group by 17.9% during the 1st quarter. Allworth Financial LP now owns 217 shares of the construction company’s stock worth $87,000 after buying an additional 33 shares in the last quarter. 92.59% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on EME shares. TD Securities started coverage on EMCOR Group in a research note on Friday, June 27th. They set a “buy” rating for the company. DA Davidson increased their target price on EMCOR Group from $515.00 to $725.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Northcoast Research lowered shares of EMCOR Group from a “buy” rating to a “neutral” rating and set a $500.00 target price on the stock. in a research report on Thursday, August 7th. Wall Street Zen upgraded shares of EMCOR Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 2nd. Finally, Hovde Group raised 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, seven have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $594.50.

EMCOR Group Stock Down 0.1%

EME stock opened at $639.90 on Tuesday. The company’s 50 day simple moving average is $621.83 and its 200-day simple moving average is $511.18. The firm has a market capitalization of $28.64 billion, a PE ratio of 26.55 and a beta of 1.28. EMCOR Group, Inc. has a 12 month low of $320.89 and a 12 month high of $667.64. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.18 and a quick ratio of 1.15.

EMCOR Group (NYSE:EME) last announced its earnings results on Thursday, July 31st. The construction company reported $6.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.68 by $1.04. EMCOR Group had a net margin of 7.07% and a return on equity of 38.01%. The firm had revenue of $4.30 billion for the quarter, compared to analyst estimates of $4.10 billion. During the same quarter last year, the business earned $5.25 earnings per share. EMCOR Group’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. Equities analysts expect that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Tuesday, July 15th were given a dividend of $0.25 per share. The ex-dividend date was Tuesday, July 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.2%. EMCOR Group’s dividend payout ratio (DPR) is 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.