Amplius Wealth Advisors LLC Sells 40 Shares of EMCOR Group, Inc. $EME

Amplius Wealth Advisors LLC reduced its holdings in shares of EMCOR Group, Inc. (NYSE:EME) by 6.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 573 shares of the construction company’s stock after selling 40 shares during the period. Amplius Wealth Advisors LLC’s holdings in EMCOR Group were worth $306,000 at the end of the most recent reporting period.

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

EMCOR Group Stock Performance

Shares of EME stock opened at $648.10 on Friday. The stock has a fifty day moving average of $656.34 and a 200 day moving average of $559.63. EMCOR Group, Inc. has a 52 week low of $320.89 and a 52 week high of $778.64. The firm has a market capitalization of $29.01 billion, a price-to-earnings ratio of 26.89 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 (NYSE:EME) last announced its quarterly earnings results on Thursday, October 30th. The construction company reported $6.57 EPS for the quarter, hitting analysts’ consensus estimates of $6.57. EMCOR Group had a return on equity of 38.01% and a net margin of 7.07%.The company had revenue of $4.30 billion during the quarter, compared to analyst estimates of $4.27 billion. During the same quarter last year, the firm posted $5.80 earnings per share. The firm’s revenue was up 16.4% on a year-over-year basis. EMCOR Group has set its FY 2025 guidance at 25.000-25.75 EPS. As a group, research analysts expect that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 30th. Investors of record on Wednesday, October 15th were paid a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, October 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.2%. EMCOR Group’s dividend payout ratio (DPR) is presently 4.15%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on EME. Weiss Ratings reissued a “buy (b)” rating on shares of EMCOR Group in a research note on Wednesday, October 8th. William Blair began coverage on EMCOR Group in a research note on Thursday, September 11th. They set an “outperform” rating for the company. Northcoast Research lowered EMCOR Group from a “buy” rating to a “neutral” rating and set a $500.00 price objective for the company. in a research note on Thursday, August 7th. Zacks Research raised EMCOR Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 12th. Finally, DA Davidson increased their price objective on EMCOR Group from $515.00 to $725.00 and gave the company a “buy” rating in a research note on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $654.83.

About EMCOR Group

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.