EMCOR Group, Inc. $EME Shares Sold by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH lowered its stake in EMCOR Group, Inc. (NYSE:EME) by 1.8% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 37,931 shares of the construction company’s stock after selling 699 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in EMCOR Group were worth $20,289,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of EME. McLean Asset Management Corp raised its position in shares of 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 buying an additional 19 shares in the last quarter. NBC Securities Inc. increased its stake in shares of EMCOR Group by 0.7% during the second quarter. NBC Securities Inc. now owns 3,170 shares of the construction company’s stock valued at $1,695,000 after acquiring an additional 23 shares during the period. McGlone Suttner Wealth Management Inc. raised its holdings in EMCOR Group by 1.9% during the second quarter. McGlone Suttner Wealth Management Inc. now owns 1,518 shares of the construction company’s stock worth $812,000 after purchasing an additional 29 shares in the last quarter. Alps Advisors Inc. raised its holdings in EMCOR Group by 3.4% during the first quarter. Alps Advisors Inc. now owns 908 shares of the construction company’s stock worth $336,000 after purchasing an additional 30 shares in the last quarter. Finally, Allworth Financial LP lifted its position in EMCOR Group by 17.9% in the first quarter. Allworth Financial LP now owns 217 shares of the construction company’s stock worth $87,000 after purchasing an additional 33 shares during the period. Institutional investors own 92.59% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on EME. The Goldman Sachs Group lifted their price target on EMCOR Group from $384.00 to $435.00 and gave the company a “sell” rating in a research report on Tuesday, July 8th. Jefferies Financial Group began coverage on EMCOR Group in a research note on Friday, June 27th. They set a “buy” rating for the company. Stifel Nicolaus boosted their price target on shares of EMCOR Group from $503.00 to $597.00 and gave the stock a “buy” rating in a research report on Friday, July 11th. TD Securities began coverage on shares of EMCOR Group in a report on Friday, June 27th. They issued a “buy” rating for the company. Finally, Robert W. Baird began coverage on shares of EMCOR Group in a research note on Friday, June 27th. They issued an “outperform” rating and a $560.00 price objective on the stock. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, EMCOR Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $594.50.

EMCOR Group Trading Up 2.7%

Shares of EME opened at $641.97 on Monday. The business’s 50-day moving average price is $620.23 and its 200 day moving average price is $509.43. The stock has a market capitalization of $28.73 billion, a P/E ratio of 26.64 and a beta of 1.28. EMCOR Group, Inc. has a 1-year low of $320.89 and a 1-year high of $667.64. 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 quarterly earnings data on Thursday, July 31st. The construction company reported $6.72 EPS for the quarter, beating 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 company had revenue of $4.30 billion during the quarter, compared to analyst estimates of $4.10 billion. During the same period in the prior year, the firm earned $5.25 earnings per share. The business’s quarterly revenue was up 17.4% on a year-over-year basis. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 EPS. Analysts expect that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Dividend Announcement

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