EMCOR Group, Inc. $EME Shares Sold by First Hawaiian Bank

Key Points

• First Hawaiian Bank reduced its holdings in EMCOR Group, Inc. by 26.0% in the first quarter, selling 1,547 shares, which left it with 4,403 shares valued at approximately $1.63 million.
• EMCOR recently reported earnings of $6.72 per share for the quarter, exceeding analysts' expectations of $5.68, with a revenue of $4.30 billion, marking a 17.4% increase year-over-year.
• Analysts have generally positive ratings for EMCOR, with one analyst giving it a Strong Buy rating and a consensus target price of $594.50.

First Hawaiian Bank lessened its holdings in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 26.0% in the first quarter, according to its most recent filing with the SEC. The firm owned 4,403 shares of the construction company's stock after selling 1,547 shares during the quarter. First Hawaiian Bank's holdings in EMCOR Group were worth $1,627,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Select Equity Group L.P. boosted its position in EMCOR Group by 1.6% during the 4th quarter. Select Equity Group L.P. now owns 1,064,003 shares of the construction company's stock worth $482,951,000 after acquiring an additional 16,563 shares during the period. AQR Capital Management LLC boosted its position in EMCOR Group by 43.6% during the 1st 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 position in EMCOR Group by 3.7% during the 1st 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 position in EMCOR Group by 3,878.2% during the 1st 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. Finally, Burgundy Asset Management Ltd. boosted its position in EMCOR Group by 6.9% during the 1st 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 and hedge funds own 92.59% of the company's stock.

Analyst Ratings Changes

EME has been the subject of a number of analyst reports. Wall Street Zen upgraded EMCOR Group from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 2nd. TD Securities started coverage on EMCOR Group in a research note on Friday, June 27th. They issued a "buy" rating on the stock. The Goldman Sachs Group boosted their price objective on EMCOR Group from $384.00 to $435.00 and gave the stock a "sell" rating in a research note on Tuesday, July 8th. Jefferies Financial Group started coverage on EMCOR Group in a research note on Friday, June 27th. They issued a "buy" rating on the stock. Finally, UBS Group set a $750.00 price objective on EMCOR Group and gave the stock a "buy" rating in a research note on Tuesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $594.50.

EMCOR Group Stock Down 1.6%

EME opened at $629.79 on Friday. The stock's fifty day moving average is $604.37 and its 200-day moving average is $490.87. The company has a market capitalization of $28.19 billion, a PE ratio of 26.13 and a beta of 1.28. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.15 and a current ratio of 1.18. EMCOR Group, Inc. has a one year low of $320.89 and a one year high of $667.64.

EMCOR Group (NYSE:EME - Get Free Report) last announced its earnings results on Thursday, July 31st. The construction company reported $6.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.68 by $1.04. The company had revenue of $4.30 billion for 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%.EMCOR Group's revenue for the quarter was up 17.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $5.25 earnings per share. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 EPS. On average, equities analysts predict that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Tuesday, July 15th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, July 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 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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