Moran Wealth Management LLC Cuts Stock Position in EMCOR Group, Inc. $EME

Key Points

• Moran Wealth Management LLC reduced its stake in EMCOR Group, Inc. by 4.2%, selling 862 shares and now holding 19,793 shares valued at $10.6 million.
• EMCOR Group's recent earnings report showed EPS of $6.72 for the quarter, exceeding estimates and reflecting a 17.4% increase in quarterly revenue year-over-year.
• A quarterly dividend of $0.25 will be paid on October 30th, translating to an annual yield of 0.1%, reflecting a low dividend payout ratio of 4.15%.

Moran Wealth Management LLC lowered its holdings in EMCOR Group, Inc. (NYSE:EME - Free Report) by 4.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,793 shares of the construction company's stock after selling 862 shares during the period. Moran Wealth Management LLC's holdings in EMCOR Group were worth $10,587,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in EME. Pacer Advisors Inc. raised its stake in shares of EMCOR Group by 3,878.2% in the first quarter. Pacer Advisors Inc. now owns 534,585 shares of the construction company's stock valued at $197,599,000 after buying an additional 521,147 shares during the period. New Vernon Capital Holdings II LLC bought a new stake in shares of EMCOR Group in the first quarter valued at $114,220,000. Jones Financial Companies Lllp raised its stake in shares of EMCOR Group by 56,287.8% in the first quarter. Jones Financial Companies Lllp now owns 286,450 shares of the construction company's stock valued at $105,881,000 after buying an additional 285,942 shares during the period. AQR Capital Management LLC raised its stake in shares of EMCOR Group by 43.6% in the first quarter. AQR Capital Management LLC now owns 703,456 shares of the construction company's stock valued at $253,065,000 after buying an additional 213,631 shares during the period. Finally, Nuveen LLC bought a new stake in shares of EMCOR Group in the first quarter valued at $71,821,000. 92.59% of the stock is currently owned by institutional investors.

EMCOR Group Price Performance

Shares of NYSE EME opened at $678.57 on Tuesday. The firm has a market capitalization of $30.37 billion, a P/E ratio of 28.16 and a beta of 1.24. 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's 50-day simple moving average is $632.80 and its two-hundred day simple moving average is $530.35. EMCOR Group, Inc. has a twelve month low of $320.89 and a twelve month high of $697.91.

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

EMCOR Group Dividend Announcement

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

Analyst Upgrades and Downgrades

Several brokerages have issued reports on EME. Wall Street Zen upgraded EMCOR Group from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 2nd. Baird R W upgraded EMCOR Group to a "strong-buy" rating in a research note on Friday, June 27th. Stifel Nicolaus boosted their price objective on EMCOR Group from $692.00 to $718.00 and gave the company a "buy" rating in a research note on Monday. William Blair initiated coverage on EMCOR Group in a research note on Thursday, September 11th. They set an "outperform" rating on the stock. Finally, Robert W. Baird initiated coverage on EMCOR Group in a research note on Friday, June 27th. They set an "outperform" rating and a $560.00 price objective on the stock. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock 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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