Moran Wealth Management LLC Cuts Stock Position in EMCOR Group, Inc. $EME

Moran Wealth Management LLC reduced its position in EMCOR Group, Inc. (NYSE:EME) by 4.2% in the second quarter, Holdings Channel.com reports. The firm owned 19,793 shares of the construction company’s stock after selling 862 shares during the quarter. Moran Wealth Management LLC’s holdings in EMCOR Group were worth $10,587,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of EME. GAMMA Investing LLC boosted its holdings in shares of EMCOR Group by 34.9% in the 1st quarter. GAMMA Investing LLC now owns 1,012 shares of the construction company’s stock worth $374,000 after purchasing an additional 262 shares in the last quarter. CX Institutional bought a new position in EMCOR Group during the 1st quarter worth approximately $95,000. Fifth Third Bancorp increased its stake in EMCOR Group by 17.5% in the 1st quarter. Fifth Third Bancorp now owns 844 shares of the construction company’s stock worth $312,000 after purchasing an additional 126 shares during the period. Sound Income Strategies LLC lifted its position in EMCOR Group by 2,332.0% in the first quarter. Sound Income Strategies LLC now owns 608 shares of the construction company’s stock valued at $225,000 after purchasing an additional 583 shares during the last quarter. Finally, Brown Miller Wealth Management LLC purchased a new stake in shares of EMCOR Group during the first quarter valued at approximately $245,000. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Hovde Group raised shares of EMCOR Group to a “hold” rating in a research note on Friday, June 27th. Zacks Research upgraded shares of EMCOR Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 12th. TD Securities assumed coverage on shares of EMCOR Group in a research note on Friday, June 27th. They set a “buy” rating for the company. Northcoast Research downgraded EMCOR Group from a “buy” rating to a “neutral” rating and set a $500.00 price target on the stock. in a report on Thursday, August 7th. Finally, William Blair began coverage on EMCOR Group in a research report on Thursday, September 11th. They set an “outperform” rating for the company. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $654.83.

EMCOR Group Stock Up 2.2%

Shares of EMCOR Group stock opened at $678.57 on Tuesday. The company has a current ratio of 1.18, a quick ratio of 1.15 and a debt-to-equity ratio of 0.08. The company’s fifty day simple moving average is $632.80 and its two-hundred day simple moving average is $530.35. The company has a market cap of $30.37 billion, a P/E ratio of 28.16 and a beta of 1.24. EMCOR Group, Inc. has a 12-month low of $320.89 and a 12-month high of $697.91.

EMCOR Group (NYSE:EME) last issued its quarterly earnings data on Thursday, July 31st. The construction company reported $6.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 net margin of 7.07% and a return on equity of 38.01%. The company’s quarterly revenue was up 17.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $5.25 EPS. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 EPS. Research analysts anticipate that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Dividend Announcement

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. The ex-dividend date of this dividend is Wednesday, October 15th. This represents a $1.00 annualized dividend and a dividend yield of 0.1%. EMCOR Group’s dividend payout ratio is currently 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.