Horizon Investment Services LLC Trims Position in EMCOR Group, Inc. $EME

Horizon Investment Services LLC cut its holdings in shares of EMCOR Group, Inc. (NYSE:EME) by 4.8% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,744 shares of the construction company’s stock after selling 387 shares during the period. EMCOR Group accounts for 1.8% of Horizon Investment Services LLC’s holdings, making the stock its 16th biggest holding. Horizon Investment Services LLC’s holdings in EMCOR Group were worth $4,143,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in EME. Twin Capital Management Inc. acquired a new stake in shares of EMCOR Group during the second quarter worth about $3,210,000. Achmea Investment Management B.V. increased its stake in shares of EMCOR Group by 13.7% in the second quarter. Achmea Investment Management B.V. now owns 53,149 shares of the construction company’s stock worth $28,428,000 after acquiring an additional 6,407 shares during the period. Sienna Gestion raised its holdings in shares of EMCOR Group by 11.0% during the second quarter. Sienna Gestion now owns 14,694 shares of the construction company’s stock worth $7,176,000 after purchasing an additional 1,461 shares during the last quarter. Andra AP fonden boosted its holdings in EMCOR Group by 83.2% in the second quarter. Andra AP fonden now owns 55,700 shares of the construction company’s stock valued at $29,793,000 after purchasing an additional 25,300 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. grew its position in EMCOR Group by 4.7% during the 2nd quarter. Resona Asset Management Co. Ltd. now owns 15,355 shares of the construction company’s stock worth $8,204,000 after purchasing an additional 683 shares during the period. Institutional investors and hedge funds own 92.59% of the company’s stock.

EMCOR Group Price Performance

EMCOR Group stock opened at $653.52 on Friday. The stock has a market capitalization of $29.26 billion, a P/E ratio of 27.12 and a beta of 1.25. The company’s fifty day moving average price is $661.10 and its 200 day moving average price is $569.47. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.15 and a current ratio of 1.18. EMCOR Group, Inc. has a 1 year low of $320.89 and a 1 year high of $778.64.

EMCOR Group (NYSE:EME) last posted its quarterly earnings data on Thursday, October 30th. The construction company reported $6.57 earnings per share (EPS) for the quarter, meeting the consensus estimate of $6.57. EMCOR Group had a net margin of 7.07% and a return on equity of 38.01%. The business had revenue of $4.30 billion for the quarter, compared to the consensus estimate of $4.27 billion. During the same period last year, the firm posted $5.80 earnings per share. The company’s revenue was up 16.4% compared to the same quarter last year. EMCOR Group has set its FY 2025 guidance at 25.000-25.75 EPS. As a group, equities research analysts anticipate that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 30th. Shareholders of record on Wednesday, October 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 was Wednesday, October 15th. EMCOR Group’s payout ratio is 4.02%.

Insider Activity at EMCOR Group

In other EMCOR Group news, Director Robin A. Walker-Lee sold 1,325 shares of the stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $677.22, for a total transaction of $897,316.50. Following the completion of the transaction, the director owned 6,140 shares of the company’s stock, valued at $4,158,130.80. This represents a 17.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.26% of the stock is owned by insiders.

Wall Street Analyst Weigh In

EME has been the topic of a number of recent research reports. William Blair began coverage on EMCOR Group in a research note on Thursday, September 11th. They issued an “outperform” rating on the stock. The Goldman Sachs Group upgraded EMCOR Group from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $495.00 to $676.00 in a research report on Tuesday, October 7th. Zacks Research raised shares of EMCOR Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 12th. UBS Group set a $750.00 target price on shares of EMCOR Group and gave the company a “buy” rating in a research note on Tuesday, August 5th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of EMCOR Group in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $692.83.

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.