Vestmark Advisory Solutions Inc. Sells 10,384 Shares of EMCOR Group, Inc. $EME

Vestmark Advisory Solutions Inc. decreased its position in EMCOR Group, Inc. (NYSE:EME) by 58.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,270 shares of the construction company’s stock after selling 10,384 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in EMCOR Group were worth $3,889,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of EME. BankPlus Trust Department increased its holdings in EMCOR Group by 200.0% during the 1st quarter. BankPlus Trust Department now owns 72 shares of the construction company’s stock valued at $27,000 after purchasing an additional 48 shares during the period. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of EMCOR Group in the 1st quarter worth approximately $28,000. Hazlett Burt & Watson Inc. bought a new stake in shares of EMCOR Group in the 1st quarter worth approximately $30,000. Groupe la Francaise increased its stake in shares of EMCOR Group by 79.2% during the first quarter. Groupe la Francaise now owns 86 shares of the construction company’s stock valued at $33,000 after buying an additional 38 shares during the period. Finally, Pandora Wealth Inc. bought a new position in shares of EMCOR Group during the first quarter valued at approximately $37,000. 92.59% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Robin A. Walker-Lee sold 1,325 shares of the firm’s 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 trade represents a 17.75% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.83% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on EME shares. William Blair began coverage on shares of EMCOR Group in a report on Thursday, September 11th. They issued an “outperform” rating on the stock. Northcoast Research cut shares of EMCOR Group from a “buy” rating to a “neutral” rating and set a $500.00 target price for the company. in a research report on Thursday, August 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. DA Davidson increased their price target on shares of EMCOR Group from $725.00 to $800.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Finally, Stifel Nicolaus raised their price objective on shares of EMCOR Group from $692.00 to $718.00 and gave the stock a “buy” rating in a report on Monday, October 13th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, EMCOR Group presently has an average rating of “Moderate Buy” and an average target price of $692.83.

EMCOR Group Stock Performance

Shares of EME stock opened at $649.15 on Friday. The company’s fifty day moving average price is $661.69 and its 200-day moving average price is $572.85. The stock has a market cap 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, Inc. has a 12 month low of $320.89 and a 12 month high of $778.64.

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

EMCOR Group Announces Dividend

The business 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 was Wednesday, October 15th. This represents a $1.00 annualized dividend and a dividend yield of 0.2%. EMCOR Group’s dividend payout ratio is presently 4.02%.

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.