GHP Investment Advisors Inc. Sells 1,972 Shares of EMCOR Group, Inc. $EME

GHP Investment Advisors Inc. lessened its position in EMCOR Group, Inc. (NYSE:EME) by 5.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 34,360 shares of the construction company’s stock after selling 1,972 shares during the quarter. EMCOR Group accounts for approximately 0.9% of GHP Investment Advisors Inc.’s portfolio, making the stock its 23rd largest holding. GHP Investment Advisors Inc. owned about 0.08% of EMCOR Group worth $22,318,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Signaturefd LLC raised its holdings in shares of EMCOR Group by 3.0% during the 3rd quarter. Signaturefd LLC now owns 557 shares of the construction company’s stock valued at $362,000 after buying an additional 16 shares in the last quarter. Woodward Diversified Capital LLC lifted its stake in EMCOR Group by 2.4% in the third quarter. Woodward Diversified Capital LLC now owns 760 shares of the construction company’s stock worth $494,000 after purchasing an additional 18 shares during the last quarter. Park Place Capital Corp boosted its position in EMCOR Group by 6.9% during the second quarter. Park Place Capital Corp now owns 308 shares of the construction company’s stock valued at $164,000 after buying an additional 20 shares during the period. Altus Wealth Group LLC grew its stake in shares of EMCOR Group by 1.4% during the third quarter. Altus Wealth Group LLC now owns 1,495 shares of the construction company’s stock valued at $971,000 after buying an additional 20 shares during the last quarter. Finally, Simon Quick Advisors LLC increased its holdings in shares of EMCOR Group by 2.1% in the second quarter. Simon Quick Advisors LLC now owns 1,092 shares of the construction company’s stock worth $584,000 after buying an additional 22 shares during the period. Institutional investors own 92.59% of the company’s stock.

Insiders Place Their Bets

In related news, Director Robin A. Walker-Lee sold 1,325 shares of the company’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $677.22, for a total value of $897,316.50. Following the sale, the director directly owned 6,140 shares of the company’s stock, valued at $4,158,130.80. This represents a 17.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.83% of the stock is currently owned by insiders.

Analysts Set New Price Targets

EME has been the topic of several recent research reports. The Goldman Sachs Group upgraded EMCOR Group from a “sell” rating to a “neutral” rating and raised their price target for the stock from $495.00 to $676.00 in a research report on Tuesday, October 7th. Weiss Ratings reissued a “buy (b)” rating on shares of EMCOR Group in a research note on Wednesday. Zacks Research downgraded shares of EMCOR Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 19th. Robert W. Baird set a $713.00 price target on shares of EMCOR Group in a research report on Friday, October 31st. Finally, Wall Street Zen lowered shares of EMCOR Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 8th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $692.83.

EMCOR Group Trading Down 1.1%

Shares of EMCOR Group stock opened at $694.95 on Friday. EMCOR Group, Inc. has a 12-month low of $320.89 and a 12-month high of $778.64. The company has a market cap of $31.11 billion, a P/E ratio of 27.94 and a beta of 1.17. The company’s fifty day simple moving average is $633.37 and its two-hundred day simple moving average is $634.14.

EMCOR Group (NYSE:EME) last announced its quarterly earnings results on Thursday, October 30th. The construction company reported $6.57 earnings per share (EPS) for the quarter, meeting the consensus estimate of $6.57. EMCOR Group had a net margin of 6.96% and a return on equity of 37.04%. The company had revenue of $4.30 billion for the quarter, compared to analysts’ expectations of $4.27 billion. During the same quarter in the previous year, the company earned $5.80 earnings per share. EMCOR Group’s quarterly revenue was up 16.4% on a year-over-year basis. EMCOR Group has set its FY 2025 guidance at 25.000-25.75 EPS. Analysts predict that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group declared that its Board of Directors has authorized a share buyback plan on Thursday, December 18th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the construction company to buy up to 1.9% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are undervalued.

EMCOR Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Wednesday, January 14th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Wednesday, January 14th. This is a boost from EMCOR Group’s previous quarterly dividend of $0.25. EMCOR Group’s dividend payout ratio (DPR) is 6.43%.

About EMCOR Group

EMCOR Group, Inc is a provider of mechanical and electrical construction, industrial and energy infrastructure, and facilities services to commercial, institutional and industrial clients. The company delivers a broad range of services that include design-build and traditional construction of mechanical, electrical and plumbing systems; ongoing facilities maintenance and operations; and specialized industrial services for sectors such as manufacturing, data centers, healthcare and utilities.

EMCOR’s service offerings encompass HVAC, plumbing, electrical installation and maintenance, fire protection, building automation and controls, commissioning, testing and balancing, and energy management solutions.