MGO One Seven LLC Raises Position in EMCOR Group, Inc. $EME

MGO One Seven LLC raised its stake in EMCOR Group, Inc. (NYSE:EME) by 149.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,775 shares of the construction company’s stock after purchasing an additional 1,663 shares during the quarter. MGO One Seven LLC’s holdings in EMCOR Group were worth $1,484,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. BankPlus Trust Department increased its position in shares of EMCOR Group by 200.0% during the first quarter. BankPlus Trust Department now owns 72 shares of the construction company’s stock valued at $27,000 after acquiring an additional 48 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of EMCOR Group during the first quarter valued at approximately $28,000. Hazlett Burt & Watson Inc. purchased a new stake in shares of EMCOR Group during the first quarter valued at approximately $30,000. Groupe la Francaise increased its position in shares of EMCOR Group by 79.2% during the first quarter. Groupe la Francaise now owns 86 shares of the construction company’s stock valued at $33,000 after acquiring an additional 38 shares during the last quarter. Finally, Pandora Wealth Inc. purchased a new stake in shares of EMCOR Group during the first quarter valued at approximately $37,000. 92.59% of the stock is owned by hedge funds and other institutional investors.

EMCOR Group Price Performance

EMCOR Group stock opened at $689.89 on Thursday. EMCOR Group, Inc. has a one year low of $320.89 and a one year high of $697.91. The business has a fifty day moving average price of $635.20 and a 200-day moving average price of $532.45. 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 firm has a market capitalization of $30.88 billion, a P/E ratio of 28.63 and a beta of 1.24.

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. EMCOR Group had a return on equity of 38.01% and a net margin of 7.07%.The firm had revenue of $4.30 billion during the quarter, compared to analyst estimates of $4.10 billion. During the same period last year, the company earned $5.25 earnings per share. 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. As a group, equities research analysts forecast that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Dividend Announcement

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. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend is Wednesday, October 15th. EMCOR Group’s dividend payout ratio (DPR) is presently 4.15%.

Analysts Set New Price Targets

A number of brokerages recently commented on EME. Northcoast Research downgraded EMCOR Group from a “buy” rating to a “neutral” rating and set a $500.00 price target for the company. in a research report on Thursday, August 7th. Jefferies Financial Group began coverage on EMCOR Group in a research report on Friday, June 27th. They issued a “buy” rating for the company. Robert W. Baird began coverage on EMCOR Group in a research report on Friday, June 27th. They issued an “outperform” rating and a $560.00 target price for the company. Weiss Ratings reissued a “buy (b)” rating on shares of EMCOR Group in a research report on Wednesday, October 8th. Finally, Zacks Research raised EMCOR Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 12th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $654.83.

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.