EMCOR Group, Inc. $EME Shares Sold by Fort Washington Investment Advisors Inc. OH

Key Points

• Fort Washington Investment Advisors Inc. cut its stake in EMCOR Group by 1.8% in Q2, now holding 37,931 shares valued at approximately $20.29 million.
• EMCOR Group reported $6.72 earnings per share for the quarter, exceeding analysts' estimates of $5.68, with revenues of $4.30 billion, up 17.4% year-over-year.
• Brokerages have given EMCOR Group an average rating of "Moderate Buy" with a consensus price target of $594.50, following several upgrades from various firms.

Fort Washington Investment Advisors Inc. OH reduced its position in EMCOR Group, Inc. (NYSE:EME - Free Report) by 1.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 37,931 shares of the construction company's stock after selling 699 shares during the period. Fort Washington Investment Advisors Inc. OH owned approximately 0.08% of EMCOR Group worth $20,289,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. AQR Capital Management LLC boosted its holdings in EMCOR Group by 43.6% in the first quarter. AQR Capital Management LLC now owns 703,456 shares of the construction company's stock valued at $253,065,000 after purchasing an additional 213,631 shares during the last quarter. Northern Trust Corp boosted its stake in shares of EMCOR Group by 3.7% during the 1st quarter. Northern Trust Corp now owns 571,487 shares of the construction company's stock valued at $211,239,000 after buying an additional 20,604 shares during the last quarter. Pacer Advisors Inc. grew its position in shares of EMCOR Group by 3,878.2% during the first quarter. Pacer Advisors Inc. now owns 534,585 shares of the construction company's stock worth $197,599,000 after buying an additional 521,147 shares in the last quarter. Burgundy Asset Management Ltd. increased its stake in shares of EMCOR Group by 6.9% in the first quarter. Burgundy Asset Management Ltd. now owns 515,522 shares of the construction company's stock worth $190,552,000 after buying an additional 33,069 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in EMCOR Group by 6.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 457,661 shares of the construction company's stock valued at $171,852,000 after acquiring an additional 28,038 shares in the last quarter. 92.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on EME. Jefferies Financial Group initiated coverage on shares of EMCOR Group in a report on Friday, June 27th. They set a "buy" rating for the company. TD Securities began coverage on EMCOR Group in a research note on Friday, June 27th. They issued a "buy" rating for the company. Hovde Group raised EMCOR Group to a "hold" rating in a report on Friday, June 27th. Baird R W upgraded EMCOR Group to a "strong-buy" rating in a research note on Friday, June 27th. Finally, Wall Street Zen upgraded EMCOR Group from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 2nd. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $594.50.

EMCOR Group Price Performance

Shares of EME opened at $641.97 on Monday. EMCOR Group, Inc. has a 12 month low of $320.89 and a 12 month high of $667.64. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.18 and a quick ratio of 1.15. The stock has a fifty day moving average price of $620.23 and a 200 day moving average price of $509.43. The company has a market cap of $28.73 billion, a P/E ratio of 26.64 and a beta of 1.28.

EMCOR Group (NYSE:EME - Get Free Report) last posted its 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. The company had revenue of $4.30 billion for the quarter, compared to analysts' expectations of $4.10 billion. EMCOR Group had a return on equity of 38.01% and a net margin of 7.07%.The firm's quarterly revenue was up 17.4% compared to the same quarter last year. During the same period last year, the business posted $5.25 earnings per share. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 EPS. On average, research analysts forecast that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Dividend Announcement

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Tuesday, July 15th. 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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