Oppenheimer Asset Management Inc. decreased its holdings in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 21.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,806 shares of the construction company's stock after selling 1,325 shares during the period. Oppenheimer Asset Management Inc.'s holdings in EMCOR Group were worth $1,776,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in EME. Invesco Ltd. grew its holdings in EMCOR Group by 28.0% during the fourth quarter. Invesco Ltd. now owns 1,318,494 shares of the construction company's stock worth $598,465,000 after acquiring an additional 288,765 shares during the period. Select Equity Group L.P. boosted its position in shares of EMCOR Group by 1.6% during the 4th quarter. Select Equity Group L.P. now owns 1,064,003 shares of the construction company's stock worth $482,951,000 after purchasing an additional 16,563 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of EMCOR Group by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 1,022,170 shares of the construction company's stock worth $463,320,000 after purchasing an additional 25,502 shares in the last quarter. Norges Bank acquired a new position in shares of EMCOR Group during the 4th quarter worth $299,855,000. Finally, Northern Trust Corp increased its holdings in shares of EMCOR Group by 22.9% in the 4th quarter. Northern Trust Corp now owns 550,883 shares of the construction company's stock valued at $250,046,000 after purchasing an additional 102,738 shares in the last quarter. Institutional investors and hedge funds own 92.59% of the company's stock.
Insider Activity at EMCOR Group
In other EMCOR Group news, Director Robin A. Walker-Lee sold 947 shares of the company's stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $412.83, for a total value of $390,950.01. Following the completion of the transaction, the director now owns 7,094 shares in the company, valued at $2,928,616.02. This represents a 11.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Anthony Guzzi sold 7,000 shares of the firm's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $436.03, for a total transaction of $3,052,210.00. Following the sale, the chief executive officer now directly owns 208,989 shares of the company's stock, valued at approximately $91,125,473.67. The trade was a 3.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.83% of the stock is owned by insiders.
EMCOR Group Trading Up 3.9%
Shares of EMCOR Group stock traded up $19.91 during trading hours on Friday, reaching $530.90. The stock had a trading volume of 681,139 shares, compared to its average volume of 452,567. The firm has a market capitalization of $23.76 billion, a price-to-earnings ratio of 23.46 and a beta of 1.23. EMCOR Group, Inc. has a 1 year low of $319.49 and a 1 year high of $545.30. The company has a current ratio of 1.16, a quick ratio of 1.14 and a debt-to-equity ratio of 0.08. The firm has a 50 day simple moving average of $455.61 and a two-hundred day simple moving average of $439.19.
EMCOR Group (NYSE:EME - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The construction company reported $5.41 EPS for the quarter, beating the consensus estimate of $4.57 by $0.84. EMCOR Group had a net margin of 7.00% and a return on equity of 37.12%. The firm had revenue of $3.87 billion for the quarter, compared to analyst estimates of $3.78 billion. During the same quarter last year, the firm posted $4.17 earnings per share. EMCOR Group's revenue for the quarter was up 12.7% compared to the same quarter last year. As a group, equities research analysts anticipate that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.
EMCOR Group Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Thursday, April 17th were issued a $0.25 dividend. The ex-dividend date was Thursday, April 17th. This represents a $1.00 annualized dividend and a yield of 0.19%. EMCOR Group's dividend payout ratio is currently 4.42%.
Analyst Upgrades and Downgrades
A number of research firms recently commented on EME. Hovde Group began coverage on shares of EMCOR Group in a report on Friday. They set a "market perform" rating on the stock. Robert W. Baird assumed coverage on EMCOR Group in a research report on Friday. They set an "outperform" rating and a $560.00 price objective for the company. Jefferies Financial Group initiated coverage on shares of EMCOR Group in a report on Friday. They issued a "buy" rating on the stock. UBS Group started coverage on shares of EMCOR Group in a research report on Friday, June 13th. They set a "buy" rating and a $570.00 target price on the stock. Finally, Stifel Nicolaus lowered their price objective on EMCOR Group from $514.00 to $503.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $518.00.
Check Out Our Latest Analysis on EME
EMCOR Group Company Profile
(
Free Report)
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.
Further Reading
Before you consider EMCOR Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and EMCOR Group wasn't on the list.
While EMCOR Group currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Summer 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
