Brown Miller Wealth Management LLC Acquires 82 Shares of EMCOR Group, Inc. $EME

Brown Miller Wealth Management LLC increased its holdings in EMCOR Group, Inc. (NYSE:EME) by 12.3% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 746 shares of the construction company’s stock after acquiring an additional 82 shares during the quarter. Brown Miller Wealth Management LLC’s holdings in EMCOR Group were worth $399,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BankPlus Trust Department boosted its stake in shares of EMCOR Group by 200.0% during the 1st quarter. BankPlus Trust Department now owns 72 shares of the construction company’s stock worth $27,000 after acquiring an additional 48 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in EMCOR Group in the 1st quarter worth $28,000. Hazlett Burt & Watson Inc. purchased a new position in EMCOR Group during the first quarter valued at $30,000. Groupe la Francaise grew its holdings in EMCOR Group by 79.2% during the first quarter. Groupe la Francaise now owns 86 shares of the construction company’s stock valued at $33,000 after purchasing an additional 38 shares during the period. Finally, Pandora Wealth Inc. purchased a new stake in EMCOR Group in the first quarter worth about $37,000. 92.59% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on EME shares. DA Davidson lifted their price objective on EMCOR Group from $515.00 to $725.00 and gave the company a “buy” rating in a research report on Friday, August 1st. Hovde Group upgraded shares of EMCOR Group to a “hold” rating in a research report on Friday, June 27th. William Blair started coverage on shares of EMCOR Group in a research report on Thursday, September 11th. They set an “outperform” rating on the stock. Baird R W upgraded shares of EMCOR Group to a “strong-buy” rating in a research note on Friday, June 27th. Finally, Wall Street Zen upgraded EMCOR Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $594.50.

EMCOR Group Stock Performance

EME opened at $654.76 on Friday. 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 stock has a market capitalization of $29.31 billion, a price-to-earnings ratio of 27.17 and a beta of 1.24. The company has a fifty day moving average of $627.32 and a 200 day moving average of $517.64. EMCOR Group, Inc. has a fifty-two week low of $320.89 and a fifty-two week high of $667.64.

EMCOR Group (NYSE:EME) last issued its quarterly earnings data on Thursday, July 31st. The construction company reported $6.72 earnings per share for the quarter, beating 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 firm had revenue of $4.30 billion during the quarter, compared to analyst estimates of $4.10 billion. During the same quarter last year, the business posted $5.25 earnings per share. The business’s quarterly revenue was up 17.4% compared to the same quarter last year. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 EPS. As a group, sell-side analysts forecast that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 30th. Stockholders of record on Wednesday, October 15th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Wednesday, October 15th. EMCOR Group’s dividend payout ratio is 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.