CW Advisors LLC Cuts Stock Position in EMCOR Group, Inc. $EME

CW Advisors LLC decreased its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 17.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,929 shares of the construction company’s stock after selling 6,439 shares during the quarter. CW Advisors LLC owned about 0.07% of EMCOR Group worth $16,544,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. AQR Capital Management LLC raised its position in shares of EMCOR Group by 43.6% in the 1st quarter. AQR Capital Management LLC now owns 703,456 shares of the construction company’s stock worth $253,065,000 after purchasing an additional 213,631 shares during the last quarter. Norges Bank bought a new stake in EMCOR Group during the 2nd quarter valued at about $344,548,000. Northern Trust Corp increased its stake in EMCOR Group by 3.7% during the 1st quarter. Northern Trust Corp now owns 571,487 shares of the construction company’s stock valued at $211,239,000 after purchasing an additional 20,604 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in EMCOR Group by 13.3% in the second quarter. Allspring Global Investments Holdings LLC now owns 518,354 shares of the construction company’s stock worth $275,184,000 after buying an additional 60,693 shares during the last quarter. Finally, Burgundy Asset Management Ltd. lifted its stake in shares of EMCOR Group by 6.9% in the first quarter. Burgundy Asset Management Ltd. now owns 515,522 shares of the construction company’s stock worth $190,552,000 after buying an additional 33,069 shares in the last quarter. 92.59% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on EME. Wall Street Zen downgraded shares of EMCOR Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 8th. Robert W. Baird set a $713.00 target price on EMCOR Group in a report on Friday, October 31st. William Blair assumed coverage on EMCOR Group in a report on Thursday, September 11th. They set an “outperform” rating on the stock. DA Davidson increased their price objective on EMCOR Group from $725.00 to $800.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Finally, Stifel Nicolaus boosted their target price on EMCOR Group from $692.00 to $718.00 and gave the stock a “buy” rating in a research report on Monday, October 13th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, EMCOR Group presently has an average rating of “Moderate Buy” and a consensus target price of $692.83.

Insider Transactions at EMCOR Group

In other EMCOR Group news, Director Robin A. Walker-Lee sold 1,325 shares of the company’s stock in a transaction that occurred 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 directly owned 6,140 shares of the company’s stock, valued at approximately $4,158,130.80. This represents a 17.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.26% of the company’s stock.

EMCOR Group Price Performance

EME stock opened at $611.79 on Thursday. EMCOR Group, Inc. has a 1 year low of $320.89 and a 1 year high of $778.64. The company has a market cap of $27.39 billion, a P/E ratio of 24.60 and a beta of 1.17. The stock’s fifty day moving average price is $655.89 and its 200-day moving average price is $595.72.

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

EMCOR Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 30th. Investors of record on Wednesday, October 15th were issued a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, October 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.2%. EMCOR Group’s dividend payout ratio (DPR) is presently 4.02%.

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.