Generali Asset Management SPA SGR Cuts Stock Position in EMCOR Group, Inc. $EME

Key Points

• Generali Asset Management SPA SGR significantly reduced its stake in EMCOR Group, Inc. by 42.8% during Q2, now holding 4,617 shares valued at approximately $2.47 million.
• EMCOR Group's recent quarterly earnings beat analysts' estimates with an EPS of $6.72, a revenue of $4.30 billion, marking a 17.4% increase compared to the previous year.
• The construction company declared a quarterly dividend of $0.25, resulting in an annualized yield of 0.1%, set to be paid on October 30th.

Generali Asset Management SPA SGR cut its holdings in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 42.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,617 shares of the construction company's stock after selling 3,460 shares during the period. Generali Asset Management SPA SGR's holdings in EMCOR Group were worth $2,470,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Equitable Trust Co. increased its stake in EMCOR Group by 48.1% during the second quarter. Equitable Trust Co. now owns 3,391 shares of the construction company's stock worth $1,814,000 after purchasing an additional 1,102 shares during the period. TD Asset Management Inc increased its stake in EMCOR Group by 5.2% during the second quarter. TD Asset Management Inc now owns 254,845 shares of the construction company's stock worth $136,314,000 after purchasing an additional 12,684 shares during the period. Wilmington Savings Fund Society FSB increased its stake in EMCOR Group by 3.2% during the second quarter. Wilmington Savings Fund Society FSB now owns 1,976 shares of the construction company's stock worth $1,057,000 after purchasing an additional 61 shares during the period. Kiker Wealth Management LLC purchased a new stake in EMCOR Group during the second quarter worth about $1,396,000. Finally, RFG Advisory LLC increased its stake in EMCOR Group by 1.7% during the second quarter. RFG Advisory LLC now owns 6,502 shares of the construction company's stock worth $3,478,000 after purchasing an additional 107 shares during the period. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

EMCOR Group Stock Performance

Shares of EME opened at $687.37 on Friday. The stock has a 50 day moving average price of $636.60 and a 200 day moving average price of $534.64. The company has a quick ratio of 1.15, a current ratio of 1.18 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $30.77 billion, a price-to-earnings ratio of 28.52 and a beta of 1.24. EMCOR Group, Inc. has a 52-week low of $320.89 and a 52-week high of $697.91.

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. The firm had revenue of $4.30 billion during the quarter, compared to the consensus estimate 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 in the prior year, the company posted $5.25 earnings per share. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 EPS. Research analysts predict that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 30th. Investors of record on Wednesday, October 15th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend is Wednesday, October 15th. EMCOR Group's dividend payout ratio is 4.15%.

Analyst Ratings Changes

A number of brokerages have issued reports on EME. 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 note on Friday, August 1st. Hovde Group upgraded shares of EMCOR Group to a "hold" rating in a research note on Friday, June 27th. UBS Group set a $750.00 target price on shares of EMCOR Group and gave the stock a "buy" rating in a research note on Tuesday, August 5th. Jefferies Financial Group assumed coverage on shares of EMCOR Group in a research note on Friday, June 27th. They set a "buy" rating on the stock. Finally, Zacks Research upgraded shares of EMCOR Group from a "hold" rating to a "strong-buy" rating in a research note on Friday, September 12th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, EMCOR Group presently has an average rating of "Moderate Buy" and a consensus target price of $654.83.

About EMCOR Group

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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