Louisiana State Employees Retirement System Reduces Stock Holdings in EMCOR Group, Inc. $EME

Louisiana State Employees Retirement System lowered its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 2.3% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 12,600 shares of the construction company’s stock after selling 300 shares during the period. Louisiana State Employees Retirement System’s holdings in EMCOR Group were worth $6,740,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the company. BankPlus Trust Department lifted its stake in shares of EMCOR Group by 350.0% in the 2nd quarter. BankPlus Trust Department now owns 324 shares of the construction company’s stock valued at $173,000 after purchasing an additional 252 shares during the period. Canopy Partners LLC purchased a new position in EMCOR Group in the second quarter valued at $342,000. Shell Asset Management Co. grew its position in shares of EMCOR Group by 22.9% during the 2nd quarter. Shell Asset Management Co. now owns 5,148 shares of the construction company’s stock valued at $2,754,000 after acquiring an additional 958 shares during the period. KLP Kapitalforvaltning AS grew its position in shares of EMCOR Group by 8.1% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 51,900 shares of the construction company’s stock valued at $27,761,000 after acquiring an additional 3,900 shares during the period. Finally, SteelPeak Wealth LLC grew its position in shares of EMCOR Group by 36.9% during the 2nd quarter. SteelPeak Wealth LLC now owns 2,842 shares of the construction company’s stock valued at $1,520,000 after acquiring an additional 766 shares during the period. 92.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

EME has been the topic of a number of recent analyst reports. Wall Street Zen upgraded EMCOR Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 2nd. TD Securities started coverage on EMCOR Group in a research note on Friday, June 27th. They set a “buy” rating for the company. William Blair initiated coverage on EMCOR Group in a research note on Thursday, September 11th. They set an “outperform” rating for the company. Weiss Ratings reissued a “buy (b)” rating on shares of EMCOR Group in a report on Saturday, September 27th. Finally, Hovde Group raised shares of EMCOR Group to a “hold” rating in a report on Friday, June 27th. Two investment 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 stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $634.67.

EMCOR Group Price Performance

EME stock opened at $673.59 on Wednesday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.18 and a quick ratio of 1.15. The business has a 50 day simple moving average of $628.82 and a 200-day simple moving average of $521.45. The firm has a market capitalization of $30.15 billion, a PE ratio of 27.95 and a beta of 1.24. EMCOR Group, Inc. has a 1 year low of $320.89 and a 1 year high of $685.82.

EMCOR Group (NYSE:EME) last released its quarterly earnings data on Thursday, July 31st. The construction company reported $6.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.68 by $1.04. EMCOR Group had a net margin of 7.07% and a return on equity of 38.01%. The firm had revenue of $4.30 billion during the quarter, compared to analysts’ expectations of $4.10 billion. During the same period last year, the business earned $5.25 earnings per share. EMCOR Group’s 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. Equities research analysts anticipate that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 30th. Stockholders of record on Wednesday, October 15th will be paid a $0.25 dividend. The ex-dividend date of this dividend 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 presently 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.