SG Americas Securities LLC Lowers Holdings in EMCOR Group, Inc. $EME

SG Americas Securities LLC reduced its stake in EMCOR Group, Inc. (NYSE:EME) by 37.9% during the third quarter, HoldingsChannel reports. The fund owned 2,875 shares of the construction company’s stock after selling 1,751 shares during the period. SG Americas Securities LLC’s holdings in EMCOR Group were worth $1,867,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. HB Wealth Management LLC grew its position in EMCOR Group by 41.5% during the 3rd quarter. HB Wealth Management LLC now owns 2,920 shares of the construction company’s stock valued at $1,897,000 after purchasing an additional 856 shares during the last quarter. Moran Wealth Management LLC lifted its stake in shares of EMCOR Group by 27.4% in the third quarter. Moran Wealth Management LLC now owns 25,220 shares of the construction company’s stock worth $16,381,000 after buying an additional 5,427 shares in the last quarter. Strategic Blueprint LLC grew its holdings in shares of EMCOR Group by 13.5% during the third quarter. Strategic Blueprint LLC now owns 438 shares of the construction company’s stock valued at $285,000 after buying an additional 52 shares during the last quarter. Childress Capital Advisors LLC bought a new stake in shares of EMCOR Group during the third quarter valued at approximately $294,000. Finally, Cerity Partners LLC raised its holdings in EMCOR Group by 24.2% in the 3rd quarter. Cerity Partners LLC now owns 23,003 shares of the construction company’s stock worth $14,942,000 after acquiring an additional 4,489 shares during the last quarter. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on EME shares. The Goldman Sachs Group raised EMCOR Group from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $495.00 to $676.00 in a report on Tuesday, October 7th. Wall Street Zen downgraded EMCOR Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 8th. Weiss Ratings reissued a “buy (b)” rating on shares of EMCOR Group in a research report on Wednesday, October 8th. DA Davidson raised their price target on shares of EMCOR Group from $725.00 to $800.00 and gave the company a “buy” rating in a report on Friday, October 31st. Finally, Stifel Nicolaus boosted their price objective on shares of EMCOR Group from $692.00 to $718.00 and gave the company a “buy” rating in a report on Monday, October 13th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, EMCOR Group has an average rating of “Moderate Buy” and a consensus price target of $692.83.

EMCOR Group Stock Performance

Shares of NYSE:EME opened at $660.20 on Thursday. The stock’s 50-day simple moving average is $625.52 and its two-hundred day simple moving average is $627.23. The stock has a market capitalization of $29.56 billion, a price-to-earnings ratio of 26.55 and a beta of 1.17. EMCOR Group, Inc. has a 52-week low of $320.89 and a 52-week high of $778.64.

EMCOR Group (NYSE:EME) last released its quarterly earnings results on Thursday, October 30th. The construction company reported $6.57 EPS for the quarter, meeting the consensus estimate of $6.57. The firm had revenue of $4.30 billion during the quarter, compared to analyst estimates of $4.27 billion. EMCOR Group had a net margin of 6.96% and a return on equity of 37.04%. The business’s revenue for the quarter was up 16.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $5.80 EPS. EMCOR Group has set its FY 2025 guidance at 25.000-25.75 EPS. As a group, equities analysts forecast that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Wednesday, January 14th will be given a $0.40 dividend. The ex-dividend date is Wednesday, January 14th. This is a boost from EMCOR Group’s previous quarterly dividend of $0.25. This represents a $1.60 annualized dividend and a yield of 0.2%. EMCOR Group’s payout ratio is 4.02%.

EMCOR Group declared that its board has authorized a stock buyback plan on Thursday, December 18th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the construction company to repurchase up to 1.9% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board believes its shares are undervalued.

Insider Buying and Selling at EMCOR Group

In other news, Director Robin A. Walker-Lee sold 1,325 shares of the business’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $677.22, for a total transaction of $897,316.50. Following the completion of the sale, the director owned 6,140 shares of the company’s stock, valued at $4,158,130.80. The trade was a 17.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.83% of the stock is owned by corporate insiders.

EMCOR Group Company Profile

EMCOR Group, Inc is a provider of mechanical and electrical construction, industrial and energy infrastructure, and facilities services to commercial, institutional and industrial clients. The company delivers a broad range of services that include design-build and traditional construction of mechanical, electrical and plumbing systems; ongoing facilities maintenance and operations; and specialized industrial services for sectors such as manufacturing, data centers, healthcare and utilities.

EMCOR’s service offerings encompass HVAC, plumbing, electrical installation and maintenance, fire protection, building automation and controls, commissioning, testing and balancing, and energy management solutions.