Summit Investment Advisors Inc. Cuts Position in EMCOR Group, Inc. $EME

Summit Investment Advisors Inc. decreased its position in EMCOR Group, Inc. (NYSE:EME) by 1.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,051 shares of the construction company’s stock after selling 163 shares during the quarter. Summit Investment Advisors Inc.’s holdings in EMCOR Group were worth $3,346,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Nordea Investment Management AB boosted its holdings in EMCOR Group by 63.8% during the 2nd quarter. Nordea Investment Management AB now owns 395,110 shares of the construction company’s stock valued at $210,278,000 after acquiring an additional 153,948 shares during the period. AG2R LA Mondiale Gestion D Actifs bought a new stake in shares of EMCOR Group during the second quarter worth $1,606,000. Raymond James Financial Inc. boosted its stake in shares of EMCOR Group by 8.7% during the first quarter. Raymond James Financial Inc. now owns 101,536 shares of the construction company’s stock valued at $37,531,000 after purchasing an additional 8,166 shares during the period. Earned Wealth Advisors LLC bought a new position in shares of EMCOR Group in the second quarter worth about $204,000. Finally, Belpointe Asset Management LLC purchased a new position in EMCOR Group in the 1st quarter worth about $277,000. 92.59% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

EME has been the topic of a number of research analyst reports. Wall Street Zen downgraded shares of EMCOR Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday. 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 stock a “buy” rating in a report on Friday, October 31st. The Goldman Sachs Group upgraded EMCOR Group from a “sell” rating to a “neutral” rating and upped their target price for the stock from $495.00 to $676.00 in a report on Tuesday, October 7th. Finally, Northcoast Research lowered EMCOR Group from a “buy” rating to a “neutral” rating and set a $500.00 price target on the stock. in a research note on Thursday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $692.83.

Insider Activity

In other news, Director Robin A. Walker-Lee sold 1,325 shares of EMCOR Group stock in a transaction that occurred 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 transaction, the director owned 6,140 shares of the company’s stock, valued at $4,158,130.80. The trade was a 17.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.83% of the stock is currently owned by insiders.

EMCOR Group Stock Down 0.7%

Shares of NYSE EME opened at $649.15 on Friday. EMCOR Group, Inc. has a 12-month low of $320.89 and a 12-month high of $778.64. The stock’s fifty day simple moving average is $661.69 and its two-hundred day simple moving average is $572.85. The stock has a market capitalization of $29.06 billion, a PE ratio of 26.94 and a beta of 1.25. 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 released its quarterly earnings results on Thursday, October 30th. The construction company reported $6.57 EPS for the quarter, hitting the consensus estimate of $6.57. The firm had revenue of $4.30 billion during the quarter, compared to analyst estimates 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 for the quarter was up 16.4% compared to the same quarter last year. During the same period in the previous year, the company posted $5.80 EPS. EMCOR Group has set its FY 2025 guidance at 25.000-25.75 EPS. As a group, analysts expect that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 30th. Stockholders of record on Wednesday, October 15th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date was Wednesday, October 15th. EMCOR Group’s dividend payout ratio (DPR) is currently 4.02%.

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.