Applied Finance Capital Management LLC Buys New Position in EMCOR Group, Inc. $EME

Applied Finance Capital Management LLC purchased a new stake in shares of EMCOR Group, Inc. (NYSE:EME) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,131 shares of the construction company’s stock, valued at approximately $605,000.

Several other large investors have also added to or reduced their stakes in the company. AQR Capital Management LLC lifted its holdings in EMCOR Group by 43.6% during the first quarter. AQR Capital Management LLC now owns 703,456 shares of the construction company’s stock valued at $253,065,000 after purchasing an additional 213,631 shares in the last quarter. Northern Trust Corp lifted its holdings in EMCOR Group by 3.7% during the first quarter. Northern Trust Corp now owns 571,487 shares of the construction company’s stock valued at $211,239,000 after purchasing an additional 20,604 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in shares of EMCOR Group by 3,878.2% in the first quarter. Pacer Advisors Inc. now owns 534,585 shares of the construction company’s stock worth $197,599,000 after buying an additional 521,147 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of EMCOR Group by 13.3% in the second quarter. Allspring Global Investments Holdings LLC now owns 518,354 shares of the construction company’s stock worth $275,184,000 after buying an additional 60,693 shares in the last quarter. Finally, Burgundy Asset Management Ltd. lifted its holdings in shares of EMCOR Group by 6.9% in the first quarter. Burgundy Asset Management Ltd. now owns 515,522 shares of the construction company’s stock worth $190,552,000 after buying an additional 33,069 shares in the last quarter. Hedge funds and other institutional investors own 92.59% of the company’s stock.

EMCOR Group Price Performance

EMCOR Group stock opened at $689.81 on Friday. The company has a market cap of $30.88 billion, a price-to-earnings ratio of 28.62 and a beta of 1.24. The firm’s fifty day moving average is $638.04 and its 200 day moving average is $536.82. 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 52-week low of $320.89 and a 52-week high of $697.91.

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

EMCOR Group Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities analysts have recently commented on EME shares. Northcoast Research downgraded shares of EMCOR Group from a “buy” rating to a “neutral” rating and set a $500.00 target price on the stock. in a report on Thursday, August 7th. UBS Group set a $750.00 target price on shares of EMCOR Group and gave the stock a “buy” rating in a report on Tuesday, August 5th. Jefferies Financial Group started coverage on shares of EMCOR Group in a report on Friday, June 27th. They issued a “buy” rating on the stock. Zacks Research raised shares of EMCOR Group from a “hold” rating to a “strong-buy” rating in a report on Friday, September 12th. Finally, Hovde Group raised shares of EMCOR Group to a “hold” rating in a report on Friday, June 27th. Two investment 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. Based on data from MarketBeat, EMCOR Group currently has an average rating of “Moderate Buy” and a consensus target price of $654.83.

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.