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

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

Other institutional investors have also recently added to or reduced their stakes in the company. BankPlus Trust Department grew its position in EMCOR Group by 200.0% during the first quarter. BankPlus Trust Department now owns 72 shares of the construction company’s stock valued at $27,000 after acquiring an additional 48 shares during the period. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in EMCOR Group during the first quarter valued at about $28,000. Hazlett Burt & Watson Inc. purchased a new stake in EMCOR Group during the first quarter valued at about $30,000. Groupe la Francaise grew its position in EMCOR Group by 79.2% during the first quarter. Groupe la Francaise now owns 86 shares of the construction company’s stock valued at $33,000 after acquiring an additional 38 shares during the period. Finally, Pandora Wealth Inc. purchased a new stake in EMCOR Group during the first quarter valued at about $37,000. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on EME shares. Baird R W raised EMCOR Group to a “strong-buy” rating in a research report on Friday, June 27th. Zacks Research raised EMCOR Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 12th. Hovde Group raised EMCOR Group to a “hold” rating in a research report on Friday, June 27th. William Blair began coverage on EMCOR Group in a research report on Thursday, September 11th. They issued an “outperform” rating for the company. Finally, Wall Street Zen raised EMCOR Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $654.83.

EMCOR Group Trading Down 1.4%

Shares of EME opened at $690.50 on Wednesday. The company has a market capitalization of $30.91 billion, a P/E ratio of 28.65 and a beta of 1.24. EMCOR Group, Inc. has a one year low of $320.89 and a one year high of $704.09. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.15 and a current ratio of 1.18. The stock has a 50-day moving average price of $640.90 and a 200 day moving average price of $542.70.

EMCOR Group (NYSE:EME) last released its earnings results on Thursday, July 31st. The construction company reported $6.72 EPS for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $4.10 billion. During the same quarter last year, the business posted $5.25 EPS. EMCOR Group’s quarterly 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. Sell-side analysts forecast that EMCOR Group, Inc. will post 20.74 EPS 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. This represents a $1.00 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend is Wednesday, October 15th. EMCOR Group’s dividend payout ratio (DPR) is currently 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.