Alliancebernstein L.P. Decreases Stock Position in EMCOR Group, Inc. $EME

Key Points

• Alliancebernstein L.P. reduced its stake in EMCOR Group by 3.6% in the first quarter, holding 74,723 shares worth approximately $27.62 million.
• EMCOR Group reported strong financial results with a Q2 EPS of $6.72, exceeding estimates, and showed a year-over-year revenue increase of 17.4%.
• The company announced a quarterly dividend of $0.25 per share, translating to an annualized yield of 0.2%, with a payout ratio of 4.15%.

Alliancebernstein L.P. cut its stake in EMCOR Group, Inc. (NYSE:EME - Free Report) by 3.6% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 74,723 shares of the construction company's stock after selling 2,751 shares during the period. Alliancebernstein L.P. owned about 0.17% of EMCOR Group worth $27,620,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BankPlus Trust Department grew its position in EMCOR Group by 200.0% in the first quarter. BankPlus Trust Department now owns 72 shares of the construction company's stock worth $27,000 after acquiring an additional 48 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in EMCOR Group in the first quarter worth $28,000. Hazlett Burt & Watson Inc. purchased a new position in EMCOR Group in the first quarter worth $30,000. Continuum Advisory LLC grew its position in EMCOR Group by 53.7% in the fourth quarter. Continuum Advisory LLC now owns 83 shares of the construction company's stock worth $38,000 after acquiring an additional 29 shares in the last quarter. Finally, Groupe la Francaise boosted its position in 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 buying an additional 38 shares during the period. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on EME. Northcoast Research lowered shares of EMCOR Group from a "buy" rating to a "neutral" rating and set a $500.00 price target for the company. in a research report on Thursday, August 7th. Hovde Group upgraded shares of EMCOR Group to a "hold" rating in a research report on Friday, June 27th. Robert W. Baird began coverage on shares of EMCOR Group in a research report on Friday, June 27th. They set an "outperform" rating and a $560.00 price target for the company. Stifel Nicolaus upped their price target on shares of EMCOR Group from $503.00 to $597.00 and gave the company a "buy" rating in a research report on Friday, July 11th. Finally, UBS Group set a $750.00 price target on shares of EMCOR Group and gave the company a "buy" rating in a research report on Tuesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $594.50.

EMCOR Group Stock Down 0.4%

Shares of EME stock traded down $2.34 during trading hours on Monday, hitting $626.75. 67,424 shares of the company's stock traded hands, compared to its average volume of 473,481. The stock's fifty day simple moving average is $604.37 and its two-hundred day simple moving average is $491.97. EMCOR Group, Inc. has a 12-month low of $320.89 and a 12-month high of $667.64. The stock has a market cap of $28.06 billion, a price-to-earnings ratio of 26.00 and a beta of 1.28. The company has a quick ratio of 1.15, a current ratio of 1.18 and a debt-to-equity ratio of 0.08.

EMCOR Group (NYSE:EME - Get Free Report) last released its earnings results on Thursday, July 31st. The construction company reported $6.72 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $4.10 billion. During the same period last year, the business earned $5.25 earnings per share. The business's revenue was up 17.4% on a year-over-year basis. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 EPS. On average, analysts expect that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Tuesday, July 15th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Tuesday, July 15th. EMCOR Group's dividend payout ratio (DPR) is presently 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.