EMCOR Group, Inc. $EME Stock: Axxcess Wealth Management LLC Trims Stake

Key Points

• Axxcess Wealth Management reduced its EMCOR Group stake by 79.6% in the third quarter, selling 1,682 shares and retaining 430 shares valued at approximately $324,000. Institutional investors still own 92.59% of the company.
• Analyst sentiment remains positive but mixed, with EMCOR holding a consensus “Moderate Buy” rating and an average price target of $982.86. Recent targets ranged from $795 to $1,200.
• EMCOR reported quarterly earnings of $9.06 per share and revenue of $5.15 billion, exceeding analyst estimates, while revenue increased 19.7% year over year. The company also declared a quarterly dividend of $0.40 per share.

Axxcess Wealth Management LLC cut its holdings in EMCOR Group, Inc. (NYSE:EME - Free Report) by 79.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 430 shares of the construction company's stock after selling 1,682 shares during the period. Axxcess Wealth Management LLC's holdings in EMCOR Group were worth $324,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of EME. Integrated Advisors Network LLC grew its holdings in shares of EMCOR Group by 14.1% during the third quarter. Integrated Advisors Network LLC now owns 284 shares of the construction company's stock valued at $214,000 after purchasing an additional 35 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in shares of EMCOR Group by 11.0% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 58,007 shares of the construction company's stock worth $43,766,000 after purchasing an additional 5,751 shares during the last quarter. Diversify Advisory Services LLC lifted its holdings in shares of EMCOR Group by 30.7% in the 3rd quarter. Diversify Advisory Services LLC now owns 1,346 shares of the construction company's stock worth $986,000 after purchasing an additional 316 shares during the last quarter. DUTCH ASSET Corp lifted its holdings in shares of EMCOR Group by 8.3% in the 3rd quarter. DUTCH ASSET Corp now owns 274 shares of the construction company's stock worth $207,000 after purchasing an additional 21 shares during the last quarter. Finally, Prime Capital Investment Advisors LLC boosted its position in EMCOR Group by 4.0% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 708 shares of the construction company's stock valued at $534,000 after purchasing an additional 27 shares during the period. Institutional investors own 92.59% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on EME. The Goldman Sachs Group lowered their price objective on EMCOR Group from $885.00 to $795.00 and set a "neutral" rating for the company in a research note on Tuesday, October 20th. DA Davidson set a $1,047.00 target price on EMCOR Group in a research note on Monday, August 10th. Zacks Research cut EMCOR Group from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 19th. Oppenheimer boosted their price target on shares of EMCOR Group from $1,100.00 to $1,200.00 and gave the company an "outperform" rating in a report on Friday, July 31st. Finally, Cantor Fitzgerald lowered their price target on shares of EMCOR Group from $1,123.00 to $1,047.00 and set an "overweight" rating for the company in a research report on Monday, August 10th. Seven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, EMCOR Group currently has an average rating of "Moderate Buy" and a consensus price target of $982.86.

EMCOR Group Stock Performance

Shares of EME stock opened at $664.38 on Tuesday. EMCOR Group, Inc. has a 1 year low of $564.92 and a 1 year high of $951.96. The stock has a fifty day moving average of $754.20 and a two-hundred day moving average of $778.97. The firm has a market capitalization of $29.31 billion, a PE ratio of 21.84 and a beta of 1.12.

EMCOR Group (NYSE:EME - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The construction company reported $9.06 EPS for the quarter, beating analysts' consensus estimates of $7.23 by $1.83. The company had revenue of $5.15 billion for the quarter, compared to analyst estimates of $4.71 billion. EMCOR Group had a return on equity of 35.49% and a net margin of 7.74%. The company's quarterly revenue was up 19.7% compared to the same quarter last year. During the same period last year, the company earned $6.72 earnings per share. EMCOR Group has set its FY 2026 guidance at 32.000-33.250 EPS. Equities research analysts predict that EMCOR Group, Inc. will post 32.98 earnings per share for the current fiscal year.

EMCOR Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Thursday, October 15th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Thursday, October 15th. EMCOR Group's dividend payout ratio is currently 4.98%.

About EMCOR Group

EMCOR Group, Inc provides construction, engineering, and building services through a network of specialty contracting businesses. Its core activities include electrical and mechanical construction, energy infrastructure, building systems, facilities services, and industrial maintenance. The company serves commercial, institutional, industrial, manufacturing, healthcare, education, government, and infrastructure customers.

Its services cover the design, installation, operation, maintenance, and upgrading of electrical, heating, ventilation, air-conditioning, plumbing, fire protection, and building automation systems.

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