Sowell Financial Services LLC Sells 415 Shares of EMCOR Group, Inc. $EME

Sowell Financial Services LLC lessened its holdings in shares of EMCOR Group, Inc. (NYSE:EME) by 15.6% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 2,238 shares of the construction company’s stock after selling 415 shares during the period. Sowell Financial Services LLC’s holdings in EMCOR Group were worth $1,197,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of EME. Pacer Advisors Inc. boosted its holdings in shares of EMCOR Group by 3,878.2% during the 1st 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 in the last quarter. GAMMA Investing LLC boosted its holdings in shares of EMCOR Group by 49,775.5% during the 1st quarter. GAMMA Investing LLC now owns 374,066 shares of the construction company’s stock valued at $138,266,000 after buying an additional 373,316 shares in the last quarter. New Vernon Capital Holdings II LLC bought a new stake in shares of EMCOR Group during the 1st quarter valued at $114,220,000. Jones Financial Companies Lllp boosted its holdings in shares of EMCOR Group by 56,287.8% during the 1st 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 in the last quarter. Finally, AQR Capital Management LLC boosted its holdings in shares of EMCOR Group by 43.6% during the 1st 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 in the last quarter. Institutional investors own 92.59% of the company’s stock.

EMCOR Group Price Performance

Shares of NYSE:EME opened at $645.35 on Wednesday. EMCOR Group, Inc. has a fifty-two week low of $320.89 and a fifty-two week high of $667.64. The business has a 50-day simple moving average of $615.90 and a two-hundred day simple moving average of $503.08. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.15 and a current ratio of 1.18. The firm has a market cap of $28.89 billion, a price-to-earnings ratio of 26.78 and a beta of 1.28.

EMCOR Group (NYSE:EME) last issued 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. EMCOR Group had a return on equity of 38.01% and a net margin of 7.07%.The business had revenue of $4.30 billion during the quarter, compared to analyst estimates of $4.10 billion. During the same quarter in the previous year, the firm earned $5.25 EPS. EMCOR Group’s revenue was up 17.4% on a year-over-year basis. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 EPS. On average, 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 announced a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Tuesday, July 15th were given a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, July 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.2%. EMCOR Group’s payout ratio is 4.15%.

Wall Street Analyst Weigh In

EME has been the topic of a number of research reports. TD Securities initiated coverage on shares of EMCOR Group in a report on Friday, June 27th. They set a “buy” rating on the stock. Stifel Nicolaus upped their price target on shares of EMCOR Group from $503.00 to $597.00 and gave the stock a “buy” rating in a research note on Friday, July 11th. Northcoast Research cut shares of EMCOR Group from a “buy” rating to a “neutral” rating and set a $500.00 price target on the stock. in a research note on Thursday, August 7th. William Blair initiated coverage on shares of EMCOR Group in a research note on Thursday, September 11th. They issued an “outperform” rating on the stock. Finally, Baird R W upgraded shares of EMCOR Group to a “strong-buy” rating in a research note on Friday, June 27th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, EMCOR Group presently has a consensus rating of “Moderate Buy” and an average price target of $594.50.

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.