5,636 Shares in EMCOR Group, Inc. $EME Acquired by Verdence Capital Advisors LLC

Verdence Capital Advisors LLC purchased a new position in EMCOR Group, Inc. (NYSE:EME) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,636 shares of the construction company’s stock, valued at approximately $3,015,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. BankPlus Trust Department boosted its holdings in 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 acquiring an additional 48 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of EMCOR Group in the first quarter valued at approximately $28,000. Hazlett Burt & Watson Inc. bought a new position in shares of EMCOR Group in the first quarter valued at approximately $30,000. Groupe la Francaise lifted its holdings in shares of EMCOR Group by 79.2% in 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 in the last quarter. Finally, Pandora Wealth Inc. bought a new position in shares of EMCOR Group in the first quarter valued at approximately $37,000. Institutional investors own 92.59% of the company’s stock.

EMCOR Group Stock Performance

Shares of EMCOR Group stock opened at $663.92 on Monday. The business’s fifty day simple moving average is $631.80 and its 200 day simple moving average is $528.20. The firm has a market capitalization of $29.72 billion, a P/E ratio of 27.55 and a beta of 1.24. EMCOR Group, Inc. has a 12 month low of $320.89 and a 12 month high of $697.91. The company has a current ratio of 1.18, a quick ratio of 1.15 and a debt-to-equity ratio of 0.08.

EMCOR Group (NYSE:EME) last issued its quarterly earnings results on Thursday, July 31st. The construction company reported $6.72 EPS for the quarter, topping analysts’ consensus estimates of $5.68 by $1.04. The business had revenue of $4.30 billion for the quarter, compared to analyst estimates of $4.10 billion. EMCOR Group had a return on equity of 38.01% and a net margin of 7.07%.EMCOR Group’s quarterly revenue was up 17.4% compared to the same quarter last year. During the same period last year, the company posted $5.25 earnings per share. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 EPS. As a group, analysts anticipate that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 30th. Shareholders of record on Wednesday, October 15th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Wednesday, October 15th. EMCOR Group’s dividend payout ratio (DPR) is currently 4.15%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Hovde Group upgraded EMCOR Group to a “hold” rating in a report on Friday, June 27th. UBS Group set a $750.00 target price on EMCOR Group and gave the company a “buy” rating in a report on Tuesday, August 5th. Wall Street Zen upgraded EMCOR Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 2nd. William Blair assumed coverage on EMCOR Group in a report on Thursday, September 11th. They issued an “outperform” rating on the stock. Finally, Robert W. Baird assumed coverage on EMCOR Group in a report on Friday, June 27th. They issued an “outperform” rating and a $560.00 target price on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $634.67.

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.