Marks Group Wealth Management Inc Sells 3,178 Shares of EMCOR Group, Inc. $EME

Key Points

• Marks Group Wealth Management Inc reduced its stake in EMCOR Group by 13.6% in Q2, selling 3,178 shares, which now represents approximately 1.0% of its investment portfolio.
• EMCOR Group reported strong quarterly earnings, with an EPS of $6.72, surpassing analyst estimates and marking a 17.4% year-over-year revenue increase.
• The company declared a quarterly dividend of $0.25 per share, reflecting a modest annual yield of 0.2%, to be paid on October 30th.

Marks Group Wealth Management Inc cut its stake in EMCOR Group, Inc. (NYSE:EME - Free Report) by 13.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,271 shares of the construction company's stock after selling 3,178 shares during the period. EMCOR Group comprises about 1.0% of Marks Group Wealth Management Inc's investment portfolio, making the stock its 15th largest position. Marks Group Wealth Management Inc's holdings in EMCOR Group were worth $10,843,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Brown Miller Wealth Management LLC grew its holdings in shares of EMCOR Group by 12.3% in the second quarter. Brown Miller Wealth Management LLC now owns 746 shares of the construction company's stock worth $399,000 after purchasing an additional 82 shares during the last quarter. OLD National Bancorp IN bought a new position in shares of EMCOR Group in the second quarter worth about $240,000. Willner & Heller LLC bought a new position in shares of EMCOR Group in the second quarter worth about $243,000. Tilia Fiduciary Partners Inc. grew its holdings in shares of EMCOR Group by 6.8% in the second quarter. Tilia Fiduciary Partners Inc. now owns 4,321 shares of the construction company's stock worth $2,311,000 after purchasing an additional 275 shares during the last quarter. Finally, QRG Capital Management Inc. grew its holdings in shares of EMCOR Group by 18.0% in the second quarter. QRG Capital Management Inc. now owns 3,347 shares of the construction company's stock worth $1,790,000 after purchasing an additional 510 shares during the last quarter. 92.59% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

EME has been the topic of a number of research analyst reports. Jefferies Financial Group started coverage on shares of EMCOR Group in a report on Friday, June 27th. They issued a "buy" rating on the stock. Baird R W upgraded shares of EMCOR Group to a "strong-buy" rating in a report on Friday, June 27th. William Blair started coverage on shares of EMCOR Group in a report on Thursday, September 11th. They set an "outperform" rating on the stock. TD Securities started coverage on shares of EMCOR Group in a report on Friday, June 27th. They set a "buy" rating on the stock. Finally, Northcoast Research cut shares of EMCOR Group from a "buy" rating to a "neutral" rating and set a $500.00 target price on the stock. in a report on Thursday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $594.50.

EMCOR Group Stock Performance

EME stock opened at $654.76 on Monday. The firm has a market cap of $29.31 billion, a price-to-earnings ratio of 27.17 and a beta of 1.24. The firm has a 50-day simple moving average of $627.32 and a two-hundred day simple moving average of $518.46. EMCOR Group, Inc. has a one year low of $320.89 and a one year high of $667.64. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.15 and a current ratio of 1.18.

EMCOR Group (NYSE:EME - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The construction company reported $6.72 EPS for the quarter, beating the consensus estimate of $5.68 by $1.04. The business had revenue of $4.30 billion during the quarter, compared to analyst estimates of $4.10 billion. EMCOR Group had a net margin of 7.07% and a return on equity of 38.01%. The company's quarterly revenue was up 17.4% on a year-over-year basis. During the same period in the prior year, the firm posted $5.25 earnings per share. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 EPS. On average, equities analysts forecast that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 30th. Shareholders of record on Wednesday, October 15th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Wednesday, October 15th. EMCOR Group's dividend payout ratio is presently 4.15%.

EMCOR Group 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.

Want to see what other hedge funds are holding EME? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for EMCOR Group, Inc. (NYSE:EME - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.