Blair William & Co. IL Lowers Holdings in EMCOR Group, Inc. $EME

Blair William & Co. IL decreased its stake in EMCOR Group, Inc. (NYSE:EME) by 34.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,119 shares of the construction company’s stock after selling 588 shares during the quarter. Blair William & Co. IL’s holdings in EMCOR Group were worth $599,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of EME. Pacer Advisors Inc. boosted its stake in shares of EMCOR Group by 3,878.2% in the first quarter. Pacer Advisors Inc. now owns 534,585 shares of the construction company’s stock worth $197,599,000 after buying an additional 521,147 shares during the last quarter. New Vernon Capital Holdings II LLC purchased a new stake in shares of EMCOR Group in the first quarter worth about $114,220,000. Jones Financial Companies Lllp boosted its stake in shares of EMCOR Group by 56,287.8% in the first quarter. Jones Financial Companies Lllp now owns 286,450 shares of the construction company’s stock worth $105,881,000 after buying an additional 285,942 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of EMCOR Group by 43.6% in the first quarter. AQR Capital Management LLC now owns 703,456 shares of the construction company’s stock worth $253,065,000 after buying an additional 213,631 shares during the last quarter. Finally, Nuveen LLC purchased a new stake in shares of EMCOR Group in the first quarter worth about $71,821,000. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on EME. Weiss Ratings restated a “buy (b)” rating on shares of EMCOR Group in a research note on Wednesday, October 8th. Baird R W upgraded EMCOR Group to a “strong-buy” rating in a research report on Friday, June 27th. The Goldman Sachs Group upgraded EMCOR Group from a “sell” rating to a “neutral” rating and increased their price target for the stock from $495.00 to $676.00 in a research report on Tuesday, October 7th. Stifel Nicolaus increased their price target on EMCOR Group from $692.00 to $718.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Jefferies Financial Group started coverage on EMCOR Group in a research report on Friday, June 27th. They set a “buy” rating on the stock. 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 data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $654.83.

EMCOR Group Stock Performance

NYSE EME opened at $687.37 on Friday. The company has a market cap of $30.77 billion, a PE ratio of 28.52 and a beta of 1.24. The stock’s 50 day simple moving average is $636.60 and its 200-day simple moving average is $534.64. EMCOR Group, Inc. has a 1-year low of $320.89 and a 1-year high of $697.91. 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 released its earnings results on Thursday, July 31st. The construction company reported $6.72 earnings per share for the quarter, beating the consensus estimate of $5.68 by $1.04. The business had revenue of $4.30 billion for the quarter, compared to the consensus estimate of $4.10 billion. EMCOR Group had a return on equity of 38.01% and a net margin of 7.07%.The business’s quarterly revenue was up 17.4% compared to the same quarter last year. During the same quarter last year, the business posted $5.25 earnings per share. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 EPS. As a group, equities research analysts anticipate that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 30th. Stockholders of record on Wednesday, October 15th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Wednesday, October 15th. EMCOR Group’s dividend payout ratio (DPR) is 4.15%.

EMCOR Group Company 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.