Meritage Portfolio Management Sells 305 Shares of EMCOR Group, Inc. $EME

Meritage Portfolio Management decreased its holdings in EMCOR Group, Inc. (NYSE:EME) by 4.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,612 shares of the construction company’s stock after selling 305 shares during the period. Meritage Portfolio Management’s holdings in EMCOR Group were worth $3,537,000 as of its most recent SEC filing.

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

EMCOR Group Price Performance

NYSE:EME opened at $663.92 on Friday. The company has a quick ratio of 1.15, a current ratio of 1.18 and a debt-to-equity ratio of 0.08. The business’s 50-day simple moving average is $631.80 and its two-hundred day simple moving average is $527.16. The stock has a market cap of $29.72 billion, a PE ratio of 27.55 and a beta of 1.24. EMCOR Group, Inc. has a 52 week low of $320.89 and a 52 week high of $697.91.

EMCOR Group (NYSE:EME) last posted its quarterly earnings results on Thursday, July 31st. The construction company reported $6.72 EPS for the quarter, beating analysts’ consensus estimates of $5.68 by $1.04. The business had revenue of $4.30 billion for the quarter, compared to analysts’ expectations of $4.10 billion. EMCOR Group had a return on equity of 38.01% and a net margin of 7.07%.The business’s quarterly revenue was up 17.4% on a year-over-year basis. During the same period last year, the firm earned $5.25 earnings per share. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 EPS. As a group, analysts forecast that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 30th. Shareholders of record on Wednesday, October 15th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is 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 currently 4.15%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on EME shares. William Blair started coverage on EMCOR Group in a research note on Thursday, September 11th. They issued an “outperform” rating on the stock. Robert W. Baird started coverage on EMCOR Group in a research note on Friday, June 27th. They issued an “outperform” rating and a $560.00 price target on the stock. UBS Group set a $750.00 price target on EMCOR Group and gave the stock a “buy” rating in a research note on Tuesday, August 5th. Weiss Ratings reiterated a “buy (b)” rating on shares of EMCOR Group in a research report on Wednesday. Finally, Stifel Nicolaus lifted their target price on EMCOR Group from $503.00 to $597.00 and gave the company a “buy” rating in a research report on Friday, July 11th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $634.67.

EMCOR Group Company 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.