Lbp Am Sa Sells 3,171 Shares of EMCOR Group, Inc. $EME

Key Points

• Lbp Am Sa reduced its stake in EMCOR Group by 26.8% during the second quarter, selling 3,171 shares and bringing its total holdings to 8,662 shares valued at approximately $4.63 million.
• EMCOR Group's quarterly earnings surpassed analysts' expectations, reporting $6.72 EPS against a consensus estimate of $5.68, with revenue increasing by 17.4% year-over-year.
• Analysts have upgraded EMCOR Group's stock ratings, with Zacks Research moving it to a "strong-buy" rating, while the consensus target price is set at $594.50.

Lbp Am Sa trimmed its position in EMCOR Group, Inc. (NYSE:EME - Free Report) by 26.8% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 8,662 shares of the construction company's stock after selling 3,171 shares during the period. Lbp Am Sa's holdings in EMCOR Group were worth $4,633,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Institute for Wealth Management LLC. grew its position in EMCOR Group by 2.2% in the 2nd quarter. Institute for Wealth Management LLC. now owns 1,051 shares of the construction company's stock worth $562,000 after purchasing an additional 23 shares in the last quarter. Liberty Capital Management Inc. grew its position in EMCOR Group by 77.6% in the 2nd quarter. Liberty Capital Management Inc. now owns 2,638 shares of the construction company's stock worth $1,411,000 after purchasing an additional 1,153 shares in the last quarter. Park Place Capital Corp grew its position in EMCOR Group by 6.9% in the 2nd quarter. Park Place Capital Corp now owns 308 shares of the construction company's stock worth $164,000 after purchasing an additional 20 shares in the last quarter. XML Financial LLC grew its position in EMCOR Group by 16.4% in the 2nd quarter. XML Financial LLC now owns 710 shares of the construction company's stock worth $380,000 after purchasing an additional 100 shares in the last quarter. Finally, Poinciana Advisors Group LLC purchased a new position in EMCOR Group in the second quarter valued at about $278,000. 92.59% of the stock is owned by institutional investors.

EMCOR Group Stock Performance

Shares of EME stock opened at $655.03 on Thursday. The stock has a market capitalization of $29.32 billion, a P/E ratio of 27.18 and a beta of 1.24. The company has a current ratio of 1.18, a quick ratio of 1.15 and a debt-to-equity ratio of 0.08. The firm's 50 day moving average is $625.26 and its 200 day moving average is $513.13. EMCOR Group, Inc. has a 12 month low of $320.89 and a 12 month high of $667.64.

EMCOR Group (NYSE:EME - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The construction company reported $6.72 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 net margin of 7.07% and a return on equity of 38.01%. EMCOR Group's 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 EPS. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 EPS. On average, sell-side analysts anticipate that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have weighed in on EME. Zacks Research upgraded shares of EMCOR Group from a "hold" rating to a "strong-buy" rating in a research note on Friday, September 12th. Jefferies Financial Group began coverage on shares of EMCOR Group in a research note on Friday, June 27th. They issued a "buy" rating on the stock. The Goldman Sachs Group boosted their target price on shares of EMCOR Group from $384.00 to $435.00 and gave the company a "sell" rating in a research note on Tuesday, July 8th. Hovde Group upgraded shares of EMCOR Group to a "hold" rating in a research note on Friday, June 27th. Finally, Baird R W upgraded shares of EMCOR Group to a "strong-buy" rating in a research note on Friday, June 27th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $594.50.

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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