Hamilton Point Investment Advisors LLC Sells 1,467 Shares of EMCOR Group, Inc. $EME

Key Points

• Hamilton Point Investment Advisors LLC has reduced its holdings in EMCOR Group by 3.7%, now owning 38,621 shares worth approximately $20.66 million, making it the firm’s 4th largest holding.
• Analysts have a consensus rating of "Moderate Buy" for EMCOR Group, with an average price target of $654.83, reflecting optimism about the company's growth potential.
• EMCOR Group recently announced a quarterly dividend of $0.25, which will be paid to shareholders on October 30th, representing a 0.1% yield, with a low dividend payout ratio of 4.15%.

Hamilton Point Investment Advisors LLC reduced its holdings in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 3.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 38,621 shares of the construction company's stock after selling 1,467 shares during the quarter. EMCOR Group makes up about 3.4% of Hamilton Point Investment Advisors LLC's portfolio, making the stock its 4th biggest holding. Hamilton Point Investment Advisors LLC owned 0.09% of EMCOR Group worth $20,658,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. BankPlus Trust Department boosted its stake in EMCOR Group by 200.0% in the 1st quarter. BankPlus Trust Department now owns 72 shares of the construction company's stock valued at $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 1st quarter valued at $28,000. Hazlett Burt & Watson Inc. bought a new stake in EMCOR Group in the 1st quarter valued at $30,000. Groupe la Francaise boosted its stake in EMCOR Group by 79.2% in the 1st quarter. Groupe la Francaise now owns 86 shares of the construction company's stock valued at $33,000 after purchasing an additional 38 shares during the period. Finally, Pandora Wealth Inc. bought a new stake in EMCOR Group in the 1st quarter valued at $37,000. 92.59% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. DA Davidson upped their target price on EMCOR Group from $515.00 to $725.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Robert W. Baird assumed coverage on EMCOR Group in a research report on Friday, June 27th. They set an "outperform" rating and a $560.00 target price for the company. Wall Street Zen upgraded EMCOR Group from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 2nd. The Goldman Sachs Group upgraded EMCOR Group from a "sell" rating to a "neutral" rating and upped their target price for the company from $495.00 to $676.00 in a research report on Tuesday, October 7th. Finally, Jefferies Financial Group assumed coverage on EMCOR Group in a research report on Friday, June 27th. They set a "buy" rating for the company. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $654.83.

EMCOR Group Price Performance

Shares of EME opened at $678.57 on Tuesday. EMCOR Group, Inc. has a 12-month low of $320.89 and a 12-month high of $697.91. The business has a 50-day simple moving average of $632.80 and a two-hundred day simple moving average of $530.35. 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 stock has a market cap of $30.37 billion, a PE ratio of 28.16 and a beta of 1.24.

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

EMCOR Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 30th. Stockholders 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 0.1%. EMCOR Group's dividend 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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