Southeast Asset Advisors LLC Sells 995 Shares of EMCOR Group, Inc. $EME

Key Points

• Southeast Asset Advisors LLC reduced its holdings in EMCOR Group by 18.3%, selling 995 shares and now owning a total of 4,431 shares valued at approximately $1.64 million.
• Several hedge funds increased their positions in EMCOR Group, with notable increases from Groupe la Francaise (up 79.2%) and Kestra Advisory Services LLC (up 47.9%).
• EMCOR Group's recent quarterly earnings beat expectations with an EPS of $6.72, and the company declared a quarterly dividend of $0.25 with a yield of 0.2%.

Southeast Asset Advisors LLC lowered its stake in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 18.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,431 shares of the construction company's stock after selling 995 shares during the period. Southeast Asset Advisors LLC's holdings in EMCOR Group were worth $1,638,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. BankPlus Trust Department lifted its holdings in shares of EMCOR Group by 200.0% in the first quarter. BankPlus Trust Department now owns 72 shares of the construction company's stock worth $27,000 after buying an additional 48 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of EMCOR Group during the 1st quarter valued at about $28,000. Hazlett Burt & Watson Inc. bought a new stake in shares of EMCOR Group during the 1st quarter valued at about $30,000. Groupe la Francaise grew its holdings in shares of EMCOR Group by 79.2% during the first quarter. Groupe la Francaise now owns 86 shares of the construction company's stock worth $33,000 after purchasing an additional 38 shares in the last quarter. Finally, Pandora Wealth Inc. bought a new position in shares of EMCOR Group in the first quarter worth approximately $37,000. 92.59% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

EME has been the subject of several research analyst reports. UBS Group set a $750.00 target price on shares of EMCOR Group and gave the company a "buy" rating in a research report on Tuesday, August 5th. Hovde Group upgraded shares of EMCOR Group to a "hold" rating in a research report on Friday, June 27th. Stifel Nicolaus lifted their price objective on shares of EMCOR Group from $503.00 to $597.00 and gave the stock a "buy" rating in a report on Friday, July 11th. Northcoast Research cut EMCOR Group from a "buy" rating to a "neutral" rating and set a $500.00 target price on the stock. in a research note on Thursday, August 7th. Finally, Baird R W upgraded EMCOR Group to a "strong-buy" rating in a research report on Friday, June 27th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, EMCOR Group has a consensus rating of "Moderate Buy" and a consensus target price of $594.50.

EMCOR Group Trading Up 1.4%

Shares of EMCOR Group stock traded up $8.50 during trading on Thursday, reaching $632.50. 321,272 shares of the stock were exchanged, compared to its average volume of 476,001. 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 firm has a market cap of $28.31 billion, a price-to-earnings ratio of 26.24 and a beta of 1.27. EMCOR Group, Inc. has a 1 year low of $320.89 and a 1 year high of $667.64. The stock's fifty day moving average is $577.92 and its 200 day moving average is $474.14.

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

EMCOR Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Tuesday, July 15th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend was Tuesday, July 15th. EMCOR Group's 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.