Motley Fool Asset Management LLC Has $680,000 Stock Holdings in EMCOR Group, Inc. $EME

Motley Fool Asset Management LLC lifted its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 7.5% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,271 shares of the construction company’s stock after purchasing an additional 89 shares during the period. Motley Fool Asset Management LLC’s holdings in EMCOR Group were worth $680,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. AQR Capital Management LLC raised its position in shares of EMCOR Group by 43.6% during the first 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 during the period. Northern Trust Corp raised its position in shares of EMCOR Group by 3.7% during the first 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 during the period. Pacer Advisors Inc. raised its position in shares of EMCOR Group by 3,878.2% during the first 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 during the period. Allspring Global Investments Holdings LLC raised its position in shares of EMCOR Group by 13.3% during the second quarter. Allspring Global Investments Holdings LLC now owns 518,354 shares of the construction company’s stock worth $275,184,000 after purchasing an additional 60,693 shares during the period. Finally, Burgundy Asset Management Ltd. raised its position in shares of EMCOR Group by 6.9% during the first quarter. Burgundy Asset Management Ltd. now owns 515,522 shares of the construction company’s stock worth $190,552,000 after purchasing an additional 33,069 shares during the period. 92.59% of the stock is owned by institutional investors and hedge funds.

EMCOR Group Stock Performance

Shares of EME stock opened at $752.12 on Wednesday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.18 and a quick ratio of 1.15. EMCOR Group, Inc. has a fifty-two week low of $320.89 and a fifty-two week high of $758.72. The stock’s 50-day moving average is $652.18 and its two-hundred day moving average is $556.27. The firm has a market cap of $33.66 billion, a P/E ratio of 31.21 and a beta of 1.24.

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, topping the consensus estimate of $5.68 by $1.04. EMCOR Group had a return on equity of 38.01% and a net margin of 7.07%.The company had revenue of $4.30 billion for the quarter, compared to analyst estimates of $4.10 billion. During the same period in the prior year, the firm posted $5.25 EPS. The business’s revenue was up 17.4% compared to the same quarter last year. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 EPS. Analysts predict that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 30th. Shareholders of record on Wednesday, October 15th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Wednesday, October 15th. EMCOR Group’s dividend payout ratio is presently 4.15%.

Analysts Set New Price Targets

EME has been the topic of several recent analyst reports. Stifel Nicolaus upped their price target on EMCOR Group from $692.00 to $718.00 and gave the company a “buy” rating in a research report on Monday, October 13th. The Goldman Sachs Group raised EMCOR Group from a “sell” rating to a “neutral” rating and upped their price target for the company from $495.00 to $676.00 in a research report on Tuesday, October 7th. Northcoast Research lowered EMCOR Group from a “buy” rating to a “neutral” rating and set a $500.00 price target on the stock. in a research report on Thursday, August 7th. DA Davidson upped their price target on EMCOR Group from $515.00 to $725.00 and gave the company a “buy” rating in a research report on Friday, August 1st. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of EMCOR Group in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, EMCOR Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $654.83.

EMCOR Group 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.