Allspring Global Investments Holdings LLC Has $275.18 Million Stock Position in EMCOR Group, Inc. $EME

Allspring Global Investments Holdings LLC increased its position in shares of EMCOR Group, Inc. (NYSE:EME) by 13.3% during the second quarter, Holdings Channel reports. The institutional investor owned 518,354 shares of the construction company’s stock after purchasing an additional 60,693 shares during the period. Allspring Global Investments Holdings LLC’s holdings in EMCOR Group were worth $275,184,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. McLean Asset Management Corp grew its holdings in shares of EMCOR Group by 2.8% in the second quarter. McLean Asset Management Corp now owns 700 shares of the construction company’s stock valued at $379,000 after acquiring an additional 19 shares in the last quarter. Park Place Capital Corp grew its holdings in shares of EMCOR Group by 6.9% in the second quarter. Park Place Capital Corp now owns 308 shares of the construction company’s stock valued at $164,000 after acquiring an additional 20 shares in the last quarter. NBC Securities Inc. grew its holdings in shares of EMCOR Group by 0.7% in the second quarter. NBC Securities Inc. now owns 3,170 shares of the construction company’s stock valued at $1,695,000 after acquiring an additional 23 shares in the last quarter. Institute for Wealth Management LLC. grew its holdings in shares of EMCOR Group by 2.2% in the second quarter. Institute for Wealth Management LLC. now owns 1,051 shares of the construction company’s stock valued at $562,000 after acquiring an additional 23 shares in the last quarter. Finally, McGlone Suttner Wealth Management Inc. grew its holdings in shares of EMCOR Group by 1.9% in the second quarter. McGlone Suttner Wealth Management Inc. now owns 1,518 shares of the construction company’s stock valued at $812,000 after acquiring an additional 29 shares in the last quarter. 92.59% of the stock is owned by institutional investors and hedge funds.

EMCOR Group Trading Down 2.5%

Shares of EME stock opened at $663.92 on Monday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.15 and a current ratio of 1.18. EMCOR Group, Inc. has a 52-week low of $320.89 and a 52-week high of $697.91. The company has a market capitalization of $29.72 billion, a PE ratio of 27.55 and a beta of 1.24. The business’s fifty day moving average is $631.80 and its 200 day moving average is $528.20.

EMCOR Group (NYSE:EME) last released its quarterly 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. 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 the consensus estimate of $4.10 billion. During the same quarter last year, the business posted $5.25 earnings per share. The company’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, equities research analysts anticipate that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Wall Street Zen raised EMCOR Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 2nd. UBS Group set a $750.00 price objective on EMCOR Group and gave the company a “buy” rating in a report on Tuesday, August 5th. Stifel Nicolaus increased their price objective on EMCOR Group from $503.00 to $597.00 and gave the company a “buy” rating in a report on Friday, July 11th. Northcoast Research lowered EMCOR Group from a “buy” rating to a “neutral” rating and set a $500.00 price objective for the company. in a report on Thursday, August 7th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of EMCOR Group in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, EMCOR Group currently has an average rating of “Moderate Buy” and an average target price of $634.67.

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.