EMCOR Group, Inc. $EME Shares Bought by Wealthstream Advisors Inc.

Wealthstream Advisors Inc. boosted its position in shares of EMCOR Group, Inc. (NYSE:EME) by 3.4% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 721 shares of the construction company’s stock after acquiring an additional 24 shares during the quarter. Wealthstream Advisors Inc.’s holdings in EMCOR Group were worth $386,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EME. GAMMA Investing LLC lifted its position in EMCOR Group by 34.9% during the 1st quarter. GAMMA Investing LLC now owns 1,012 shares of the construction company’s stock worth $374,000 after acquiring an additional 262 shares during the period. Janney Montgomery Scott LLC lifted its position in EMCOR Group by 20.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 19,796 shares of the construction company’s stock worth $7,317,000 after acquiring an additional 3,407 shares during the period. State of Alaska Department of Revenue lifted its holdings in shares of EMCOR Group by 2.7% in the 1st quarter. State of Alaska Department of Revenue now owns 5,387 shares of the construction company’s stock valued at $1,991,000 after buying an additional 140 shares during the period. Blue Trust Inc. lifted its holdings in shares of EMCOR Group by 3.9% in the 1st quarter. Blue Trust Inc. now owns 1,553 shares of the construction company’s stock valued at $574,000 after buying an additional 58 shares during the period. Finally, Praxis Investment Management Inc. lifted its holdings in shares of EMCOR Group by 27.8% in the 1st quarter. Praxis Investment Management Inc. now owns 1,240 shares of the construction company’s stock valued at $458,000 after buying an additional 270 shares during the period. Institutional investors and hedge funds own 92.59% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on EME. The Goldman Sachs Group raised EMCOR Group from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $495.00 to $676.00 in a report on Tuesday, October 7th. TD Securities began coverage on EMCOR Group in a report on Friday, June 27th. They issued a “buy” rating for the company. Northcoast Research cut EMCOR Group from a “buy” rating to a “neutral” rating and set a $500.00 price objective for the company. in a report on Thursday, August 7th. 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 objective for the company. Finally, DA Davidson boosted their price objective on EMCOR Group from $515.00 to $725.00 and gave the company a “buy” rating in a report on Friday, August 1st. Two 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 stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $654.83.

EMCOR Group Price Performance

Shares of EMCOR Group stock opened at $689.81 on Friday. The company has a quick ratio of 1.15, a current ratio of 1.18 and a debt-to-equity ratio of 0.08. EMCOR Group, Inc. has a twelve month low of $320.89 and a twelve month high of $697.91. The business has a 50-day moving average price of $638.04 and a 200 day moving average price of $537.87. The firm has a market cap of $30.88 billion, a PE ratio of 28.62 and a beta of 1.24.

EMCOR Group (NYSE:EME) last announced its quarterly earnings results on Thursday, July 31st. The construction company reported $6.72 earnings per share for the quarter, beating 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 firm had revenue of $4.30 billion during the quarter, compared to analyst estimates of $4.10 billion. During the same quarter in the previous year, the business earned $5.25 EPS. EMCOR Group’s revenue for the quarter 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. Sell-side 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 issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, October 15th. This represents a $1.00 dividend on an annualized basis and a dividend 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.