Cim Investment Management Inc. Cuts Position in EMCOR Group, Inc. $EME

Cim Investment Management Inc. decreased its holdings in EMCOR Group, Inc. (NYSE:EME) by 2.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 971 shares of the construction company’s stock after selling 23 shares during the quarter. Cim Investment Management Inc.’s holdings in EMCOR Group were worth $359,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in EME. EP Wealth Advisors LLC acquired a new stake in shares of EMCOR Group in the 4th quarter worth $202,000. Focus Partners Wealth boosted its position in shares of EMCOR Group by 351.8% in the 4th quarter. Focus Partners Wealth now owns 6,827 shares of the construction company’s stock worth $3,160,000 after purchasing an additional 5,316 shares in the last quarter. Janus Henderson Group PLC boosted its position in shares of EMCOR Group by 13.6% in the 4th quarter. Janus Henderson Group PLC now owns 3,819 shares of the construction company’s stock worth $1,734,000 after purchasing an additional 456 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its position in shares of EMCOR Group by 280.7% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 10,230 shares of the construction company’s stock worth $4,643,000 after purchasing an additional 7,543 shares in the last quarter. Finally, Nomura Holdings Inc. acquired a new stake in shares of EMCOR Group in the 4th quarter worth $2,771,000. Institutional investors and hedge funds own 92.59% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on EME shares. Hovde Group raised EMCOR Group to a “hold” rating in a research report on Friday, June 27th. Robert W. Baird started coverage on EMCOR Group in a research report on Friday, June 27th. They set an “outperform” rating and a $560.00 price target for the company. The Goldman Sachs Group lifted their price target on EMCOR Group from $384.00 to $435.00 and gave the stock a “sell” rating in a research report on Tuesday, July 8th. Northcoast Research cut EMCOR Group from a “buy” rating to a “neutral” rating and set a $500.00 price target for the company. in a research report on Thursday, August 7th. Finally, William Blair started coverage on EMCOR Group in a research report on Thursday. They set an “outperform” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, EMCOR Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $594.50.

EMCOR Group Stock Performance

Shares of EME stock opened at $640.36 on Friday. The stock has a market cap of $28.67 billion, a PE ratio of 26.57 and a beta of 1.28. The business has a 50-day simple moving average of $602.71 and a 200-day simple moving average of $489.27. The company has a quick ratio of 1.15, a current ratio of 1.18 and a debt-to-equity ratio of 0.08. EMCOR Group, Inc. has a 52-week low of $320.89 and a 52-week high of $667.64.

EMCOR Group (NYSE:EME) last issued its quarterly earnings data on Thursday, July 31st. The construction company reported $6.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.68 by $1.04. The business had revenue of $4.30 billion during 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 company’s revenue for the quarter was up 17.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $5.25 EPS. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 EPS. On average, equities analysts expect that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Tuesday, July 15th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Tuesday, July 15th. EMCOR Group’s payout ratio is 4.15%.

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.