Moss Adams Wealth Advisors LLC Invests $273,000 in EMCOR Group, Inc. $EME

Moss Adams Wealth Advisors LLC acquired a new position in shares of EMCOR Group, Inc. (NYSE:EME) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 510 shares of the construction company’s stock, valued at approximately $273,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. AQR Capital Management LLC raised its stake in shares of EMCOR Group by 43.6% during the 1st quarter. AQR Capital Management LLC now owns 703,456 shares of the construction company’s stock worth $253,065,000 after purchasing an additional 213,631 shares in the last quarter. Northern Trust Corp raised its stake in shares of EMCOR Group by 3.7% during the 1st quarter. Northern Trust Corp now owns 571,487 shares of the construction company’s stock worth $211,239,000 after purchasing an additional 20,604 shares in the last quarter. Pacer Advisors Inc. raised its stake in shares of EMCOR Group by 3,878.2% during the 1st quarter. Pacer Advisors Inc. now owns 534,585 shares of the construction company’s stock worth $197,599,000 after purchasing an additional 521,147 shares in the last quarter. Burgundy Asset Management Ltd. raised its stake in EMCOR Group by 6.9% in 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. Finally, Allspring Global Investments Holdings LLC raised its stake in EMCOR Group by 6.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 457,661 shares of the construction company’s stock valued at $171,852,000 after acquiring an additional 28,038 shares during the period. Institutional investors own 92.59% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on EME. Zacks Research upgraded EMCOR Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 12th. Robert W. Baird began coverage on EMCOR Group in a research note on Friday, June 27th. They issued an “outperform” rating and a $560.00 price target on the stock. Hovde Group upgraded EMCOR Group to a “hold” rating in a research note on Friday, June 27th. Jefferies Financial Group began coverage on EMCOR Group in a research note on Friday, June 27th. They issued a “buy” rating on the stock. Finally, Baird R W upgraded EMCOR Group to a “strong-buy” rating in a research note on Friday, June 27th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $594.50.

EMCOR Group Stock Down 0.1%

EME stock opened at $639.90 on Tuesday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.18 and a quick ratio of 1.15. The stock has a market capitalization of $28.64 billion, a price-to-earnings ratio of 26.55 and a beta of 1.28. The business’s fifty day moving average price is $621.83 and its two-hundred day moving average price is $511.18. 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 posted its quarterly earnings data on Thursday, July 31st. The construction company reported $6.72 earnings per share for the quarter, topping the consensus estimate of $5.68 by $1.04. The firm had revenue of $4.30 billion for the quarter, compared to analysts’ expectations of $4.10 billion. EMCOR Group had a return on equity of 38.01% and a net margin of 7.07%.The company’s quarterly revenue was up 17.4% compared to the same quarter last year. During the same quarter last year, the business earned $5.25 EPS. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 EPS. On average, equities analysts anticipate that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Tuesday, July 15th were given a dividend of $0.25 per share. The ex-dividend date was Tuesday, July 15th. This represents a $1.00 annualized dividend and a yield of 0.2%. EMCOR Group’s dividend payout ratio (DPR) is presently 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.