Carmel Capital Partners LLC Trims Stake in EMCOR Group, Inc. $EME

Carmel Capital Partners LLC lessened its stake in EMCOR Group, Inc. (NYSE:EME) by 25.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,766 shares of the construction company’s stock after selling 927 shares during the period. Carmel Capital Partners LLC’s holdings in EMCOR Group were worth $1,797,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Quent Capital LLC purchased a new stake in EMCOR Group during the third quarter worth $29,000. Tobam raised its position in shares of EMCOR Group by 1,900.0% in the second quarter. Tobam now owns 80 shares of the construction company’s stock worth $43,000 after acquiring an additional 76 shares during the period. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of EMCOR Group during the 2nd quarter worth about $43,000. True Wealth Design LLC boosted its stake in shares of EMCOR Group by 333.3% during the 3rd quarter. True Wealth Design LLC now owns 91 shares of the construction company’s stock worth $59,000 after acquiring an additional 70 shares in the last quarter. Finally, Hazlett Burt & Watson Inc. grew its position in shares of EMCOR Group by 37.5% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 110 shares of the construction company’s stock valued at $59,000 after acquiring an additional 30 shares during the period. Institutional investors and hedge funds own 92.59% of the company’s stock.

Insider Transactions at EMCOR Group

In other EMCOR Group news, Director Robin A. Walker-Lee sold 1,325 shares of the stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $677.22, for a total value of $897,316.50. Following the completion of the sale, the director owned 6,140 shares in the company, valued at approximately $4,158,130.80. This represents a 17.75% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on EME. Weiss Ratings reiterated a “buy (b)” rating on shares of EMCOR Group in a research report on Wednesday, October 8th. The Goldman Sachs Group raised EMCOR Group from a “sell” rating to a “neutral” rating and upped their target price for the stock from $495.00 to $676.00 in a research note on Tuesday, October 7th. Stifel Nicolaus increased their target price on EMCOR Group from $692.00 to $718.00 and gave the company a “buy” rating in a research report on Monday, October 13th. Wall Street Zen cut shares of EMCOR Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 8th. Finally, Robert W. Baird set a $713.00 price objective on shares of EMCOR Group in a research report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, EMCOR Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $692.83.

EMCOR Group Stock Performance

Shares of EME opened at $702.89 on Friday. EMCOR Group, Inc. has a one year low of $320.89 and a one year high of $778.64. The stock has a market capitalization of $31.47 billion, a price-to-earnings ratio of 28.26 and a beta of 1.17. The stock has a 50 day moving average price of $631.87 and a 200 day moving average price of $633.14.

EMCOR Group (NYSE:EME) last announced its quarterly earnings data on Thursday, October 30th. The construction company reported $6.57 earnings per share for the quarter, meeting analysts’ consensus estimates of $6.57. EMCOR Group had a return on equity of 37.04% and a net margin of 6.96%.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 EPS. The firm’s revenue for the quarter was up 16.4% on a year-over-year basis. EMCOR Group has set its FY 2025 guidance at 25.000-25.75 EPS. On average, analysts predict that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group announced that its board has approved a stock repurchase plan on Thursday, December 18th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the construction company to reacquire up to 1.9% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

EMCOR Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Wednesday, January 14th will be given a dividend of $0.40 per share. The ex-dividend date is Wednesday, January 14th. This is a boost from EMCOR Group’s previous quarterly dividend of $0.25. This represents a $1.60 dividend on an annualized basis and a yield of 0.2%. EMCOR Group’s dividend payout ratio (DPR) is presently 6.43%.

EMCOR Group Profile

EMCOR Group, Inc is a provider of mechanical and electrical construction, industrial and energy infrastructure, and facilities services to commercial, institutional and industrial clients. The company delivers a broad range of services that include design-build and traditional construction of mechanical, electrical and plumbing systems; ongoing facilities maintenance and operations; and specialized industrial services for sectors such as manufacturing, data centers, healthcare and utilities.

EMCOR’s service offerings encompass HVAC, plumbing, electrical installation and maintenance, fire protection, building automation and controls, commissioning, testing and balancing, and energy management solutions.