Legacy Wealth Asset Management LLC Boosts Stake in EMCOR Group, Inc. $EME

Legacy Wealth Asset Management LLC lifted its holdings in EMCOR Group, Inc. (NYSE:EME) by 5.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 894 shares of the construction company’s stock after buying an additional 44 shares during the quarter. Legacy Wealth Asset Management LLC’s holdings in EMCOR Group were worth $478,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. McLean Asset Management Corp boosted its stake 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 buying an additional 19 shares in the last quarter. Park Place Capital Corp raised its holdings in EMCOR Group by 6.9% during the second quarter. Park Place Capital Corp now owns 308 shares of the construction company’s stock worth $164,000 after purchasing an additional 20 shares during the last quarter. NBC Securities Inc. raised its holdings in EMCOR Group by 0.7% during the second quarter. NBC Securities Inc. now owns 3,170 shares of the construction company’s stock worth $1,695,000 after purchasing an additional 23 shares during the last quarter. Institute for Wealth Management LLC. raised its holdings in EMCOR Group by 2.2% during the second quarter. Institute for Wealth Management LLC. now owns 1,051 shares of the construction company’s stock worth $562,000 after purchasing an additional 23 shares during the last quarter. Finally, Wealthstream Advisors Inc. raised its holdings in EMCOR Group by 3.4% during the second quarter. Wealthstream Advisors Inc. now owns 721 shares of the construction company’s stock worth $386,000 after purchasing an additional 24 shares during the last quarter. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of EMCOR Group in a report on Wednesday, October 8th. UBS Group set a $750.00 price target on EMCOR Group and gave the stock a “buy” rating in a report on Tuesday, August 5th. DA Davidson boosted their price target on EMCOR Group from $515.00 to $725.00 and gave the stock a “buy” rating in a report on Friday, August 1st. Stifel Nicolaus boosted their price target on EMCOR Group from $692.00 to $718.00 and gave the stock a “buy” rating in a report on Monday, October 13th. Finally, Robert W. Baird began coverage on EMCOR Group in a report on Friday, June 27th. They issued an “outperform” rating and a $560.00 price target for the company. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $654.83.

EMCOR Group Stock Performance

EMCOR Group stock opened at $690.50 on Wednesday. The firm has a market capitalization of $30.91 billion, a P/E ratio of 28.65 and a beta of 1.24. The stock has a fifty day moving average price of $640.90 and a 200 day moving average price of $542.70. EMCOR Group, Inc. has a 52 week low of $320.89 and a 52 week high of $704.09. The company has a current ratio of 1.18, a quick ratio of 1.15 and a debt-to-equity ratio of 0.08.

EMCOR Group (NYSE:EME) last released its earnings results on Thursday, July 31st. The construction company reported $6.72 EPS for the quarter, beating the consensus estimate of $5.68 by $1.04. The firm had revenue of $4.30 billion during the quarter, compared to analyst estimates of $4.10 billion. EMCOR Group had a return on equity of 38.01% and a net margin of 7.07%.The business’s quarterly revenue was up 17.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $5.25 earnings per share. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 EPS. Equities research analysts anticipate that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Announces Dividend

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

EMCOR Group Company 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.