Amalgamated Bank Sells 936 Shares of EMCOR Group, Inc. $EME

Amalgamated Bank decreased its holdings in EMCOR Group, Inc. (NYSE:EME) by 4.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,327 shares of the construction company’s stock after selling 936 shares during the period. Amalgamated Bank’s holdings in EMCOR Group were worth $11,408,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. AQR Capital Management LLC boosted its stake in shares of EMCOR Group by 43.6% in the first quarter. AQR Capital Management LLC now owns 703,456 shares of the construction company’s stock worth $253,065,000 after acquiring an additional 213,631 shares during the period. Northern Trust Corp boosted its stake in shares of EMCOR Group by 3.7% in the first quarter. Northern Trust Corp now owns 571,487 shares of the construction company’s stock worth $211,239,000 after acquiring an additional 20,604 shares during the period. Pacer Advisors Inc. boosted its stake in shares of EMCOR Group by 3,878.2% in the first quarter. Pacer Advisors Inc. now owns 534,585 shares of the construction company’s stock worth $197,599,000 after acquiring an additional 521,147 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in shares of EMCOR Group by 13.3% in the second quarter. Allspring Global Investments Holdings LLC now owns 518,354 shares of the construction company’s stock worth $275,184,000 after acquiring an additional 60,693 shares during the period. Finally, Burgundy Asset Management Ltd. boosted its stake in shares of EMCOR Group by 6.9% in the first quarter. Burgundy Asset Management Ltd. now owns 515,522 shares of the construction company’s stock worth $190,552,000 after acquiring an additional 33,069 shares during the period. Institutional investors own 92.59% of the company’s stock.

EMCOR Group Price Performance

Shares of EMCOR Group stock opened at $648.10 on Friday. The stock has a 50 day moving average of $656.34 and a 200 day moving average of $559.63. EMCOR Group, Inc. has a 12 month low of $320.89 and a 12 month high of $778.64. The firm has a market cap of $29.01 billion, a PE ratio of 26.89 and a beta of 1.24. The company has a current ratio of 1.18, a quick ratio of 1.15 and a debt-to-equity ratio of 0.08.

EMCOR Group (NYSE:EME) last issued its quarterly earnings data on Thursday, October 30th. The construction company reported $6.57 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $6.57. EMCOR Group had a return on equity of 38.01% and a net margin of 7.07%.The business had revenue of $4.30 billion for the quarter, compared to the consensus estimate of $4.27 billion. During the same period in the prior year, the business posted $5.80 earnings per share. The company’s quarterly revenue was up 16.4% compared to the same quarter last year. EMCOR Group has set its FY 2025 guidance at 25.000-25.75 EPS. On average, research analysts expect that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 30th. Shareholders of record on Wednesday, October 15th were given a dividend of $0.25 per share. The ex-dividend date was 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 is 4.15%.

Analyst Ratings Changes

A number of research firms have recently weighed in on EME. DA Davidson upped their price objective on EMCOR Group from $515.00 to $725.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Zacks Research raised EMCOR Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 12th. Stifel Nicolaus increased their price target on EMCOR Group from $692.00 to $718.00 and gave the company a “buy” rating in a research note on Monday, October 13th. William Blair started coverage on EMCOR Group in a research note on Thursday, September 11th. They set an “outperform” rating for the company. Finally, Wall Street Zen raised EMCOR Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 2nd. 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 MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $654.83.

About EMCOR Group

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.