520 Shares in EMCOR Group, Inc. $EME Bought by Naviter Wealth LLC

Naviter Wealth LLC bought a new position in shares of EMCOR Group, Inc. (NYSE:EME) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 520 shares of the construction company’s stock, valued at approximately $278,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Private Trust Co. NA lifted its stake in shares of EMCOR Group by 28.6% in the 1st quarter. Private Trust Co. NA now owns 279 shares of the construction company’s stock valued at $103,000 after purchasing an additional 62 shares during the period. Janney Montgomery Scott LLC lifted its stake in shares of EMCOR Group by 20.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 19,796 shares of the construction company’s stock valued at $7,317,000 after purchasing an additional 3,407 shares during the period. Cambridge Investment Research Advisors Inc. grew its stake in shares of EMCOR Group by 146.6% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 10,700 shares of the construction company’s stock valued at $3,955,000 after buying an additional 6,361 shares during the period. Fifth Third Bancorp grew its stake in shares of EMCOR Group by 17.5% in the 1st quarter. Fifth Third Bancorp now owns 844 shares of the construction company’s stock valued at $312,000 after buying an additional 126 shares during the period. Finally, GAMMA Investing LLC grew its stake in shares of EMCOR Group by 34.9% in the 1st quarter. GAMMA Investing LLC now owns 1,012 shares of the construction company’s stock valued at $374,000 after buying an additional 262 shares during the period. 92.59% of the stock is owned by institutional investors and hedge funds.

EMCOR Group Trading Down 0.2%

NYSE:EME opened at $675.76 on Wednesday. The company has a current ratio of 1.18, a quick ratio of 1.15 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $30.25 billion, a PE ratio of 28.04 and a beta of 1.24. The firm’s 50 day moving average is $633.82 and its 200 day moving average is $531.36. EMCOR Group, Inc. has a 12 month low of $320.89 and a 12 month high of $697.91.

EMCOR Group (NYSE:EME) last posted 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 company had revenue of $4.30 billion for the quarter, compared to analysts’ expectations of $4.10 billion. EMCOR Group had a net margin of 7.07% and a return on equity of 38.01%. EMCOR Group’s revenue was up 17.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $5.25 EPS. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 EPS. Sell-side analysts expect that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 30th. Shareholders of record on Wednesday, October 15th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, October 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.1%. EMCOR Group’s payout ratio is presently 4.15%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on EME shares. Jefferies Financial Group started coverage on EMCOR Group in a research note on Friday, June 27th. They issued a “buy” rating for the company. Robert W. Baird initiated coverage on EMCOR Group in a research note on Friday, June 27th. They set an “outperform” rating and a $560.00 price target for the company. Zacks Research upgraded EMCOR Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 12th. Weiss Ratings reiterated a “buy (b)” rating on shares of EMCOR Group in a research note on Wednesday, October 8th. Finally, TD Securities initiated coverage on EMCOR Group in a research note on Friday, June 27th. They issued a “buy” rating on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, EMCOR Group currently has an average rating of “Moderate Buy” and a consensus price target of $654.83.

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.