EMCOR Group, Inc. $EME Shares Sold by Inspire Investing LLC

Key Points

• Inspire Investing LLC reduced its stake in EMCOR Group by 26.2% during the second quarter, now holding 9,670 shares valued at approximately $5.17 million.
• Despite the reduction by Inspire Investing, other institutional investors have increased their holdings in EMCOR, highlighting a strong interest in the stock among hedge funds and institutional investors, which now own 92.59% of the company.
• EMCOR Group reported earnings of $6.72 per share for the last quarter, exceeding expectations and showing a 17.4% increase in revenue year-over-year, while also announcing a quarterly dividend of $0.25.

Inspire Investing LLC lowered its stake in EMCOR Group, Inc. (NYSE:EME - Free Report) by 26.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,670 shares of the construction company's stock after selling 3,426 shares during the quarter. EMCOR Group comprises about 0.6% of Inspire Investing LLC's portfolio, making the stock its 28th biggest holding. Inspire Investing LLC's holdings in EMCOR Group were worth $5,172,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. BankPlus Trust Department lifted 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 purchasing an additional 48 shares during the period. Migdal Insurance & Financial Holdings Ltd. bought a new stake in EMCOR Group in the first quarter worth about $28,000. Hazlett Burt & Watson Inc. bought a new stake in EMCOR Group in the first quarter worth about $30,000. Groupe la Francaise raised its position in EMCOR Group by 79.2% in the first quarter. Groupe la Francaise now owns 86 shares of the construction company's stock worth $33,000 after acquiring an additional 38 shares in the last quarter. Finally, Pandora Wealth Inc. bought a new stake in EMCOR Group in the first quarter worth about $37,000. Institutional investors and hedge funds own 92.59% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have commented on EME shares. DA Davidson boosted their price target on shares of EMCOR Group from $515.00 to $725.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. The Goldman Sachs Group upgraded EMCOR Group from a "sell" rating to a "neutral" rating and boosted their price objective for the stock from $495.00 to $676.00 in a report on Tuesday. Weiss Ratings restated a "buy (b)" rating on shares of EMCOR Group in a report on Wednesday. Hovde Group upgraded EMCOR Group to a "hold" rating in a report on Friday, June 27th. Finally, Northcoast Research downgraded EMCOR Group from a "buy" rating to a "neutral" rating and set a $500.00 price objective on the stock. in a report on Thursday, August 7th. 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 stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $634.67.

EMCOR Group Trading Down 2.5%

NYSE:EME opened at $663.92 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.18 and a quick ratio of 1.15. EMCOR Group, Inc. has a fifty-two week low of $320.89 and a fifty-two week high of $697.91. The stock's 50-day moving average is $631.80 and its two-hundred day moving average is $526.23. The stock has a market cap of $29.72 billion, a PE ratio of 27.55 and a beta of 1.24.

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 for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts' expectations of $4.10 billion. During the same quarter in the previous year, the business posted $5.25 EPS. The business'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, equities research analysts forecast that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 30th. Investors of record on Wednesday, October 15th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, October 15th. This represents a $1.00 annualized dividend and a dividend yield of 0.2%. EMCOR Group's 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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