Ascent Group LLC Sells 140 Shares of EMCOR Group, Inc. $EME

Ascent Group LLC lowered its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 15.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 763 shares of the construction company’s stock after selling 140 shares during the quarter. Ascent Group LLC’s holdings in EMCOR Group were worth $408,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EME. Hennion & Walsh Asset Management Inc. purchased a new stake in EMCOR Group in the first quarter valued at about $211,000. UMB Bank n.a. raised its stake in EMCOR Group by 26.8% in the first quarter. UMB Bank n.a. now owns 1,444 shares of the construction company’s stock valued at $534,000 after buying an additional 305 shares during the last quarter. Wesbanco Bank Inc. raised its stake in EMCOR Group by 3.6% in the first quarter. Wesbanco Bank Inc. now owns 1,636 shares of the construction company’s stock valued at $605,000 after buying an additional 57 shares during the last quarter. Farther Finance Advisors LLC raised its stake in EMCOR Group by 28.7% in the first quarter. Farther Finance Advisors LLC now owns 2,379 shares of the construction company’s stock valued at $893,000 after buying an additional 530 shares during the last quarter. Finally, Pallas Capital Advisors LLC raised its stake in EMCOR Group by 48.4% in the first quarter. Pallas Capital Advisors LLC now owns 2,626 shares of the construction company’s stock valued at $971,000 after buying an additional 856 shares during the last quarter. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on EME shares. 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 for the company. Jefferies Financial Group assumed coverage on EMCOR Group in a report on Friday, June 27th. They set a “buy” rating for the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of EMCOR Group in a report on Saturday, September 27th. Hovde Group raised EMCOR Group to a “hold” rating in a report on Friday, June 27th. Finally, TD Securities assumed coverage on EMCOR Group in a report on Friday, June 27th. They set a “buy” rating for the company. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, EMCOR Group currently has an average rating of “Moderate Buy” and an average target price of $634.67.

EMCOR Group Stock Up 0.5%

Shares of EME stock opened at $673.59 on Wednesday. The stock has a 50 day moving average of $628.82 and a 200 day moving average of $521.45. The company has a current ratio of 1.18, a quick ratio of 1.15 and a debt-to-equity ratio of 0.08. The stock has a market cap of $30.15 billion, a P/E ratio of 27.95 and a beta of 1.24. EMCOR Group, Inc. has a twelve month low of $320.89 and a twelve month high of $685.82.

EMCOR Group (NYSE:EME) last announced its quarterly earnings results on Thursday, July 31st. The construction company reported $6.72 earnings per share for the quarter, beating the consensus estimate of $5.68 by $1.04. The company 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%.EMCOR Group’s quarterly revenue was up 17.4% on a year-over-year basis. During the same period last year, the business earned $5.25 earnings per share. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 EPS. As a group, sell-side analysts expect that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 30th. Stockholders of record on Wednesday, October 15th will be given a $0.25 dividend. The ex-dividend date is Wednesday, October 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.1%. EMCOR Group’s payout ratio is 4.15%.

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.