RFG Advisory LLC Buys 107 Shares of EMCOR Group, Inc. $EME

RFG Advisory LLC grew its stake in EMCOR Group, Inc. (NYSE:EME) by 1.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,502 shares of the construction company’s stock after purchasing an additional 107 shares during the period. RFG Advisory LLC’s holdings in EMCOR Group were worth $3,478,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. McLean Asset Management Corp lifted its stake in shares of EMCOR Group by 2.8% in the 2nd quarter. McLean Asset Management Corp now owns 700 shares of the construction company’s stock valued at $379,000 after purchasing an additional 19 shares during the last quarter. Park Place Capital Corp lifted its stake in shares of EMCOR Group by 6.9% in the 2nd quarter. Park Place Capital Corp now owns 308 shares of the construction company’s stock valued at $164,000 after purchasing an additional 20 shares during the last quarter. NBC Securities Inc. lifted its stake in shares of EMCOR Group by 0.7% in the 2nd quarter. NBC Securities Inc. now owns 3,170 shares of the construction company’s stock valued at $1,695,000 after purchasing an additional 23 shares during the last quarter. Institute for Wealth Management LLC. lifted its stake in shares of EMCOR Group by 2.2% during the 2nd quarter. Institute for Wealth Management LLC. now owns 1,051 shares of the construction company’s stock worth $562,000 after acquiring an additional 23 shares during the last quarter. Finally, McGlone Suttner Wealth Management Inc. lifted its stake in shares of EMCOR Group by 1.9% during the 2nd quarter. McGlone Suttner Wealth Management Inc. now owns 1,518 shares of the construction company’s stock worth $812,000 after acquiring an additional 29 shares during the last quarter. 92.59% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

EME has been the subject of a number of research analyst reports. Stifel Nicolaus raised their price target on EMCOR Group from $692.00 to $718.00 and gave the stock a “buy” rating in a research note on Monday. Jefferies Financial Group initiated coverage on EMCOR Group in a research note on Friday, June 27th. They set a “buy” rating for the company. Wall Street Zen raised EMCOR Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 2nd. UBS Group set a $750.00 price target on EMCOR Group and gave the stock a “buy” rating in a research note on Tuesday, August 5th. Finally, Hovde Group raised EMCOR Group to a “hold” rating in a research note on Friday, June 27th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $654.83.

EMCOR Group Trading Down 0.2%

Shares of NYSE EME opened at $675.76 on Wednesday. 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 business has a fifty day simple moving average of $633.82 and a two-hundred day simple moving average of $531.36. The firm has a market cap of $30.25 billion, a PE ratio of 28.04 and a beta of 1.24. EMCOR Group, Inc. has a twelve month low of $320.89 and a twelve month high of $697.91.

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, beating analysts’ consensus estimates of $5.68 by $1.04. The business had revenue of $4.30 billion during 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 revenue was up 17.4% on a year-over-year basis. During the same period in the previous year, the company posted $5.25 EPS. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 EPS. Analysts expect that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 30th. Stockholders 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 dividend yield of 0.1%. EMCOR Group’s dividend payout ratio (DPR) 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.