EMCOR Group, Inc. $EME Shares Sold by CCM Investment Advisers LLC

Key Points

• CCM Investment Advisers LLC significantly reduced its holdings in EMCOR Group by 55.3% during the second quarter, selling 18,360 shares.
• EMCOR Group reported a quarterly earnings of $6.72 per share, surpassing analyst expectations by $1.04, and achieved revenue growth of 17.4% year-over-year.
• Several analysts have recently upgraded EMCOR Group, with a consensus rating of "Moderate Buy" and a price target of $594.50.

CCM Investment Advisers LLC decreased its holdings in EMCOR Group, Inc. (NYSE:EME - Free Report) by 55.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 14,834 shares of the construction company's stock after selling 18,360 shares during the quarter. CCM Investment Advisers LLC's holdings in EMCOR Group were worth $7,935,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. BankPlus Trust Department raised its holdings in shares of EMCOR Group by 200.0% during the first quarter. BankPlus Trust Department now owns 72 shares of the construction company's stock valued at $27,000 after acquiring an additional 48 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of EMCOR Group during the first quarter valued at approximately $28,000. Hazlett Burt & Watson Inc. acquired a new position in shares of EMCOR Group during the first quarter valued at approximately $30,000. Groupe la Francaise raised its holdings in shares of 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 acquiring an additional 38 shares during the last quarter. Finally, Pandora Wealth Inc. acquired a new position in shares of EMCOR Group during the first quarter valued at approximately $37,000. Institutional investors and hedge funds own 92.59% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Wall Street Zen raised EMCOR Group from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 2nd. Jefferies Financial Group began coverage on EMCOR Group in a research report on Friday, June 27th. They issued a "buy" rating for the company. DA Davidson upped their price target on EMCOR Group from $515.00 to $725.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Stifel Nicolaus upped their price target on EMCOR Group from $503.00 to $597.00 and gave the company a "buy" rating in a research report on Friday, July 11th. Finally, Hovde Group upgraded EMCOR Group to a "hold" rating in a research report on Friday, June 27th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, EMCOR Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $594.50.

EMCOR Group Trading Down 1.6%

Shares of EMCOR Group stock opened at $645.35 on Wednesday. The firm has a market capitalization of $28.89 billion, a price-to-earnings ratio of 26.78 and a beta of 1.28. EMCOR Group, Inc. has a fifty-two week low of $320.89 and a fifty-two week high of $667.64. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.15 and a current ratio of 1.18. The stock has a 50 day moving average of $615.90 and a 200 day moving average of $503.08.

EMCOR Group (NYSE:EME - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The construction company reported $6.72 earnings per share for the quarter, topping the consensus estimate of $5.68 by $1.04. The company had revenue of $4.30 billion during the quarter, compared to analyst estimates of $4.10 billion. EMCOR Group had a return on equity of 38.01% and a net margin of 7.07%.The firm's revenue for the quarter was up 17.4% compared to the same quarter last year. During the same period in the prior year, the business posted $5.25 earnings per share. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 EPS. As a group, research analysts predict that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Tuesday, July 15th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.2%. The ex-dividend date was Tuesday, July 15th. EMCOR Group's dividend 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.

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