TD Asset Management Inc Boosts Stake in EMCOR Group, Inc. $EME

TD Asset Management Inc grew its position in shares of EMCOR Group, Inc. (NYSE:EME) by 5.2% during the second quarter, Holdings Channel reports. The fund owned 254,845 shares of the construction company’s stock after purchasing an additional 12,684 shares during the period. TD Asset Management Inc’s holdings in EMCOR Group were worth $136,314,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. McLean Asset Management Corp grew its holdings in shares of EMCOR Group by 2.8% during the 2nd quarter. McLean Asset Management Corp now owns 700 shares of the construction company’s stock worth $379,000 after acquiring an additional 19 shares during the period. Park Place Capital Corp grew its holdings in shares of EMCOR Group by 6.9% during the 2nd quarter. Park Place Capital Corp now owns 308 shares of the construction company’s stock worth $164,000 after acquiring an additional 20 shares during the period. NBC Securities Inc. grew its holdings in shares of EMCOR Group by 0.7% during the 2nd quarter. NBC Securities Inc. now owns 3,170 shares of the construction company’s stock worth $1,695,000 after acquiring an additional 23 shares during the period. Institute for Wealth Management LLC. grew its stake in shares of EMCOR Group by 2.2% in the 2nd quarter. Institute for Wealth Management LLC. now owns 1,051 shares of the construction company’s stock worth $562,000 after buying an additional 23 shares during the last quarter. Finally, McGlone Suttner Wealth Management Inc. grew its stake in shares of EMCOR Group by 1.9% in the 2nd quarter. McGlone Suttner Wealth Management Inc. now owns 1,518 shares of the construction company’s stock worth $812,000 after buying an additional 29 shares during the last quarter. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Analyst Upgrades and Downgrades

EME has been the topic of several recent research reports. DA Davidson upped their price target on EMCOR Group from $515.00 to $725.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Northcoast Research downgraded EMCOR Group from a “buy” rating to a “neutral” rating and set a $500.00 price target on the stock. in a research note on Thursday, August 7th. Wall Street Zen upgraded EMCOR Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 2nd. Jefferies Financial Group initiated coverage on EMCOR Group in a research note on Friday, June 27th. They issued a “buy” rating on the stock. Finally, TD Securities initiated coverage on EMCOR Group in a research note on Friday, June 27th. They issued a “buy” rating on the stock. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $654.83.

EMCOR Group Stock Performance

EME stock opened at $675.76 on Wednesday. The stock has a market capitalization of $30.25 billion, a PE ratio of 28.04 and a beta of 1.24. EMCOR Group, Inc. has a 12-month low of $320.89 and a 12-month high of $697.91. The company has a current ratio of 1.18, a quick ratio of 1.15 and a debt-to-equity ratio of 0.08. The stock’s 50 day simple moving average is $633.82 and its 200 day simple moving average is $531.36.

EMCOR Group (NYSE:EME) last released its quarterly earnings data on Thursday, July 31st. The construction company reported $6.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.68 by $1.04. The business 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 firm’s quarterly revenue was up 17.4% on a year-over-year basis. During the same period in the prior year, the firm posted $5.25 EPS. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 EPS. As a group, research analysts forecast that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Dividend Announcement

The company 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 dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend 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%.

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.