Brighton Jones LLC Acquires New Stake in EMCOR Group, Inc. $EME

Brighton Jones LLC acquired a new stake in shares of EMCOR Group, Inc. (NYSE:EME) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 1,447 shares of the construction company’s stock, valued at approximately $774,000.

A number of other institutional investors and hedge funds have also bought and sold shares of EME. Pacer Advisors Inc. raised its position in EMCOR Group by 3,878.2% during the 1st quarter. Pacer Advisors Inc. now owns 534,585 shares of the construction company’s stock valued at $197,599,000 after purchasing an additional 521,147 shares in the last quarter. New Vernon Capital Holdings II LLC acquired a new position in EMCOR Group during the 1st quarter valued at about $114,220,000. Jones Financial Companies Lllp increased its position in EMCOR Group by 56,287.8% during the 1st quarter. Jones Financial Companies Lllp now owns 286,450 shares of the construction company’s stock valued at $105,881,000 after buying an additional 285,942 shares in the last quarter. AQR Capital Management LLC increased its position in EMCOR Group by 43.6% during the 1st quarter. AQR Capital Management LLC now owns 703,456 shares of the construction company’s stock valued at $253,065,000 after buying an additional 213,631 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in EMCOR Group during the 1st quarter valued at about $71,821,000. 92.59% of the stock is owned by institutional investors.

Analyst Ratings Changes

EME has been the topic of several research analyst reports. DA Davidson boosted their price target on EMCOR Group from $515.00 to $725.00 and gave the company a “buy” rating in a research note on Friday, August 1st. Weiss Ratings reiterated a “buy (b)” rating on shares of EMCOR Group in a research note on Wednesday, October 8th. Wall Street Zen upgraded EMCOR Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 2nd. William Blair assumed coverage on EMCOR Group in a research note on Thursday, September 11th. They set an “outperform” rating on the stock. Finally, Stifel Nicolaus upped their target price on EMCOR Group from $692.00 to $718.00 and gave the stock a “buy” rating in a research note on Monday, October 13th. 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. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $654.83.

EMCOR Group Stock Down 0.4%

Shares of EME opened at $752.12 on Wednesday. EMCOR Group, Inc. has a 52 week low of $320.89 and a 52 week high of $758.72. 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 has a market capitalization of $33.66 billion, a price-to-earnings ratio of 31.21 and a beta of 1.24. The stock’s 50-day moving average price is $652.18 and its 200-day moving average price is $556.27.

EMCOR Group (NYSE:EME) last issued its 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. The firm had revenue of $4.30 billion for the quarter, compared to the consensus estimate of $4.10 billion. EMCOR Group had a return on equity of 38.01% and a net margin of 7.07%.The company’s revenue was up 17.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $5.25 earnings per share. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 EPS. On average, sell-side analysts predict that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 30th. Investors of record on Wednesday, October 15th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, October 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.1%. EMCOR Group’s dividend payout ratio is presently 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.