D.A. Davidson & CO. Lowers Stock Position in EMCOR Group, Inc. $EME

D.A. Davidson & CO. cut its holdings in shares of EMCOR Group, Inc. (NYSE:EME) by 5.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,356 shares of the construction company’s stock after selling 132 shares during the period. D.A. Davidson & CO.’s holdings in EMCOR Group were worth $1,260,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. BankPlus Trust Department grew its position in shares of EMCOR Group by 200.0% during the first quarter. BankPlus Trust Department now owns 72 shares of the construction company’s stock worth $27,000 after acquiring an additional 48 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of EMCOR Group during the first quarter worth approximately $28,000. Hazlett Burt & Watson Inc. purchased a new position in shares of EMCOR Group during the first quarter worth approximately $30,000. Groupe la Francaise grew its position in shares of EMCOR Group by 79.2% during the first quarter. Groupe la Francaise now owns 86 shares of the construction company’s stock worth $33,000 after acquiring an additional 38 shares during the last quarter. Finally, Pandora Wealth Inc. purchased a new position in EMCOR Group in the 1st quarter valued at $37,000. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on EME. Zacks Research upgraded shares of EMCOR Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 12th. Northcoast Research lowered shares of EMCOR Group from a “buy” rating to a “neutral” rating and set a $500.00 price objective on the stock. in a research report on Thursday, August 7th. Weiss Ratings reiterated a “buy (b)” rating on shares of EMCOR Group in a research report on Wednesday, October 8th. 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, UBS Group set a $750.00 price objective on shares of EMCOR Group and gave the company a “buy” rating in a research report on Tuesday, August 5th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $654.83.

EMCOR Group Trading Up 0.8%

NYSE:EME opened at $754.12 on Tuesday. The company has a market capitalization of $33.75 billion, a PE ratio of 31.29 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. EMCOR Group, Inc. has a 52-week low of $320.89 and a 52-week high of $755.57. The stock has a fifty day simple moving average of $649.26 and a 200-day simple moving average of $553.65.

EMCOR Group (NYSE:EME) last released its quarterly earnings results on Thursday, July 31st. The construction company reported $6.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.68 by $1.04. The business had revenue of $4.30 billion during 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 revenue was up 17.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $5.25 EPS. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 EPS. On average, equities research analysts expect that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Dividend Announcement

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