Synergy Asset Management LLC Cuts Stake in EMCOR Group, Inc. $EME

Synergy Asset Management LLC cut its stake in EMCOR Group, Inc. (NYSE:EME) by 6.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 720 shares of the construction company’s stock after selling 51 shares during the quarter. Synergy Asset Management LLC’s holdings in EMCOR Group were worth $385,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in EME. BankPlus Trust Department grew its stake in shares of EMCOR Group by 200.0% during the first quarter. BankPlus Trust Department now owns 72 shares of the construction company’s stock valued at $27,000 after acquiring an additional 48 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of EMCOR Group during the first quarter valued at about $28,000. Hazlett Burt & Watson Inc. acquired a new stake in shares of EMCOR Group during the first quarter valued at about $30,000. Groupe la Francaise grew 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 acquiring an additional 38 shares in the last quarter. Finally, Pandora Wealth Inc. acquired a new stake in shares of EMCOR Group during the first quarter valued at about $37,000. 92.59% of the stock is owned by hedge funds and other institutional investors.

EMCOR Group Stock Performance

Shares of EME stock opened at $661.59 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 has a 50 day moving average of $626.92 and a two-hundred day moving average of $514.97. EMCOR Group, Inc. has a 52 week low of $320.89 and a 52 week high of $667.64. The company has a market cap of $29.62 billion, a P/E ratio of 27.45 and a beta of 1.24.

EMCOR Group (NYSE:EME) last issued its 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. EMCOR Group had a return on equity of 38.01% and a net margin of 7.07%.The company had revenue of $4.30 billion during the quarter, compared to the consensus estimate of $4.10 billion. During the same period in the previous year, the firm posted $5.25 earnings per share. EMCOR Group’s quarterly revenue was up 17.4% compared to the same quarter last year. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 EPS. As a group, analysts anticipate that EMCOR Group, Inc. will post 20.74 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on EME. DA Davidson raised their target price on EMCOR Group from $515.00 to $725.00 and gave the company a “buy” rating in a research note on Friday, August 1st. The Goldman Sachs Group raised their target price on EMCOR Group from $384.00 to $435.00 and gave the company a “sell” rating in a research note on Tuesday, July 8th. TD Securities began coverage on EMCOR Group in a research note on Friday, June 27th. They set a “buy” rating for the company. Baird R W upgraded EMCOR Group to a “strong-buy” rating in a research note on Friday, June 27th. Finally, Northcoast Research downgraded EMCOR Group from a “buy” rating to a “neutral” rating and set a $500.00 price target for the company. in a research note on Thursday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, EMCOR Group has a consensus rating of “Moderate Buy” and a consensus target price of $594.50.

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.