EMCOR Group, Inc. $EME Shares Sold by Concurrent Investment Advisors LLC

Key Points

• Concurrent Investment Advisors LLC has reduced its stake in EMCOR Group, Inc. by 2.9%, now holding 13,821 shares valued at approximately $7.39 million.
• Recent analyst upgrades include Goldman Sachs raising its rating to "neutral" and increasing the target price from $495 to $676.
• EMCOR Group is set to pay a quarterly dividend of $0.25 on October 30th, providing investors with a 0.2% dividend yield.

Concurrent Investment Advisors LLC lessened its holdings in EMCOR Group, Inc. (NYSE:EME - Free Report) by 2.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 13,821 shares of the construction company's stock after selling 412 shares during the quarter. Concurrent Investment Advisors LLC's holdings in EMCOR Group were worth $7,392,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. BankPlus Trust Department boosted its holdings 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. acquired a new stake in shares of EMCOR Group during the first quarter worth about $28,000. Hazlett Burt & Watson Inc. acquired a new stake in shares of EMCOR Group during the first quarter worth about $30,000. Groupe la Francaise lifted 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 worth $33,000 after purchasing an additional 38 shares during the period. Finally, Pandora Wealth Inc. acquired a new stake in shares of EMCOR Group during the first quarter worth about $37,000. Institutional investors and hedge funds own 92.59% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on EME. The Goldman Sachs Group raised EMCOR Group from a "sell" rating to a "neutral" rating and lifted their target price for the stock from $495.00 to $676.00 in a report on Tuesday, October 7th. UBS Group set a $750.00 target price on EMCOR Group and gave the stock a "buy" rating in a report on Tuesday, August 5th. Jefferies Financial Group began coverage on EMCOR Group in a report on Friday, June 27th. They set a "buy" rating for the company. Weiss Ratings reaffirmed a "buy (b)" rating on shares of EMCOR Group in a report on Wednesday, October 8th. Finally, Hovde Group raised 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 given a Hold rating to the company. According to data from MarketBeat.com, EMCOR Group has an average rating of "Moderate Buy" and a consensus price target of $634.67.

EMCOR Group Trading Down 2.5%

Shares of NYSE:EME opened at $663.92 on Monday. EMCOR Group, Inc. has a 12-month low of $320.89 and a 12-month high of $697.91. The company has a market capitalization of $29.72 billion, a PE ratio of 27.55 and a beta of 1.24. The business has a 50 day moving average of $631.80 and a two-hundred day moving average of $528.20. 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 - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The construction company reported $6.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.68 by $1.04. EMCOR Group had a return on equity of 38.01% and a net margin of 7.07%.The company had revenue of $4.30 billion during the quarter, compared to the consensus estimate of $4.10 billion. During the same period in the previous year, the company posted $5.25 earnings per share. EMCOR Group's revenue for the quarter was up 17.4% on a year-over-year basis. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 EPS. As a group, analysts forecast that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 30th. Stockholders of record on Wednesday, October 15th will be given a $0.25 dividend. The ex-dividend date is Wednesday, October 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.2%. EMCOR Group's payout ratio is 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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