Baer Investment Advisory LLC Decreases Position in EMCOR Group, Inc. $EME

Baer Investment Advisory LLC reduced its stake in EMCOR Group, Inc. (NYSE:EME) by 2.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,143 shares of the construction company’s stock after selling 163 shares during the quarter. EMCOR Group comprises approximately 4.7% of Baer Investment Advisory LLC’s portfolio, making the stock its 6th biggest holding. Baer Investment Advisory LLC’s holdings in EMCOR Group were worth $4,356,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of EME. McLean Asset Management Corp increased its holdings in shares of EMCOR Group by 2.8% in 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 during the last quarter. Park Place Capital Corp grew its position in EMCOR Group by 6.9% in the second quarter. Park Place Capital Corp now owns 308 shares of the construction company’s stock worth $164,000 after acquiring an additional 20 shares in the last quarter. Simon Quick Advisors LLC grew its position in EMCOR Group by 2.1% in the second quarter. Simon Quick Advisors LLC now owns 1,092 shares of the construction company’s stock worth $584,000 after acquiring an additional 22 shares in the last quarter. NBC Securities Inc. increased its stake in EMCOR Group by 0.7% in 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 last quarter. Finally, Institute for Wealth Management LLC. raised its position in EMCOR Group by 2.2% during the second quarter. Institute for Wealth Management LLC. now owns 1,051 shares of the construction company’s stock valued at $562,000 after purchasing an additional 23 shares in the last quarter. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Analyst Upgrades and Downgrades

EME has been the subject of several research analyst reports. Zacks Research raised EMCOR Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 12th. DA Davidson raised their price objective on EMCOR Group from $725.00 to $800.00 and gave the company a “buy” rating in a report on Friday, October 31st. Robert W. Baird set a $713.00 target price on EMCOR Group in a research report on Friday, October 31st. William Blair began coverage on shares of EMCOR Group in a research report on Thursday, September 11th. They set an “outperform” rating on the stock. Finally, The Goldman Sachs Group raised shares of EMCOR Group from a “sell” rating to a “neutral” rating and lifted their price target for the stock from $495.00 to $676.00 in a research note on Tuesday, October 7th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, EMCOR Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $692.83.

EMCOR Group Trading Down 0.7%

Shares of EME stock opened at $649.15 on Friday. The business has a 50-day moving average of $661.69 and a 200 day moving average of $571.46. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.18 and a quick ratio of 1.15. EMCOR Group, Inc. has a 1-year low of $320.89 and a 1-year high of $778.64. The stock has a market capitalization of $29.06 billion, a PE ratio of 26.94 and a beta of 1.25.

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 the consensus estimate of $6.57. The firm had revenue of $4.30 billion during the quarter, compared to the consensus estimate of $4.27 billion. EMCOR Group had a return on equity of 38.01% and a net margin of 7.07%.The business’s revenue was up 16.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $5.80 earnings per share. EMCOR Group has set its FY 2025 guidance at 25.000-25.75 EPS. As a group, sell-side analysts anticipate that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 30th. Shareholders of record on Wednesday, October 15th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, October 15th. This represents a $1.00 annualized dividend and a yield of 0.2%. EMCOR Group’s dividend payout ratio is presently 4.02%.

Insiders Place Their Bets

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

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.