Resonant Capital Advisors LLC Grows Stake in EMCOR Group, Inc. $EME

Resonant Capital Advisors LLC raised its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 5.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,091 shares of the construction company’s stock after purchasing an additional 59 shares during the period. Resonant Capital Advisors LLC’s holdings in EMCOR Group were worth $584,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of EME. AQR Capital Management LLC lifted its holdings 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 acquiring an additional 213,631 shares during the last quarter. Northern Trust Corp grew its stake in shares of EMCOR Group by 3.7% during the first quarter. Northern Trust Corp now owns 571,487 shares of the construction company’s stock valued at $211,239,000 after buying an additional 20,604 shares during the last quarter. Pacer Advisors Inc. raised its holdings in shares of EMCOR Group by 3,878.2% in the first quarter. Pacer Advisors Inc. now owns 534,585 shares of the construction company’s stock worth $197,599,000 after buying an additional 521,147 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in shares of EMCOR Group by 13.3% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 518,354 shares of the construction company’s stock worth $275,184,000 after acquiring an additional 60,693 shares during the last quarter. Finally, Burgundy Asset Management Ltd. boosted its holdings in EMCOR Group by 6.9% during the 1st quarter. Burgundy Asset Management Ltd. now owns 515,522 shares of the construction company’s stock valued at $190,552,000 after acquiring an additional 33,069 shares during the period. 92.59% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of EMCOR Group in a research note on Friday. DA Davidson raised their price target on shares of EMCOR Group from $515.00 to $725.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. William Blair assumed coverage on shares of EMCOR Group in a report on Thursday, September 11th. They set an “outperform” rating for the company. Zacks Research upgraded shares of EMCOR Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 12th. Finally, Stifel Nicolaus raised their target price on shares of EMCOR Group from $692.00 to $718.00 and gave the stock a “buy” rating in a research report on Monday, October 13th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $654.83.

EMCOR Group Stock Performance

Shares of EME stock opened at $748.23 on Monday. The firm has a market cap of $33.49 billion, a price-to-earnings ratio of 31.05 and a beta of 1.24. EMCOR Group, Inc. has a 52-week low of $320.89 and a 52-week high of $752.52. The company has a quick ratio of 1.15, a current ratio of 1.18 and a debt-to-equity ratio of 0.08. The company’s 50 day moving average is $646.43 and its 200 day moving average is $551.11.

EMCOR Group (NYSE:EME) last announced its earnings results on Thursday, July 31st. The construction company reported $6.72 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $4.10 billion. During the same quarter last year, the firm earned $5.25 EPS. The business’s revenue for the quarter 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, sell-side analysts anticipate that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal 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 issued a $0.25 dividend. The ex-dividend date 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 currently 4.15%.

About EMCOR Group

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.