Motley Fool Asset Management LLC Buys 89 Shares of EMCOR Group, Inc. $EME

Motley Fool Asset Management LLC lifted its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 7.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,271 shares of the construction company’s stock after acquiring an additional 89 shares during the quarter. Motley Fool Asset Management LLC’s holdings in EMCOR Group were worth $680,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. AQR Capital Management LLC boosted its stake in shares of EMCOR Group by 43.6% during the 1st quarter. AQR Capital Management LLC now owns 703,456 shares of the construction company’s stock worth $253,065,000 after acquiring an additional 213,631 shares in the last quarter. Northern Trust Corp boosted its stake in shares of EMCOR Group by 3.7% during the 1st quarter. Northern Trust Corp now owns 571,487 shares of the construction company’s stock worth $211,239,000 after acquiring an additional 20,604 shares in the last quarter. Pacer Advisors Inc. boosted its stake in shares of EMCOR Group by 3,878.2% during the 1st quarter. Pacer Advisors Inc. now owns 534,585 shares of the construction company’s stock worth $197,599,000 after acquiring an additional 521,147 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of EMCOR Group by 13.3% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 518,354 shares of the construction company’s stock worth $275,184,000 after acquiring an additional 60,693 shares in the last quarter. Finally, Burgundy Asset Management Ltd. boosted its stake in shares of EMCOR Group by 6.9% during the 1st quarter. Burgundy Asset Management Ltd. now owns 515,522 shares of the construction company’s stock worth $190,552,000 after acquiring an additional 33,069 shares in the last quarter. Institutional investors own 92.59% of the company’s stock.

EMCOR Group Price Performance

Shares of NYSE:EME opened at $752.12 on Wednesday. The business has a 50 day moving average price of $652.18 and a 200 day moving average price of $556.27. EMCOR Group, Inc. has a twelve month low of $320.89 and a twelve month high of $758.72. The company has a market cap of $33.66 billion, a price-to-earnings ratio of 31.21 and a beta of 1.24. 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 (NYSE:EME) last announced its 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 the consensus estimate of $4.10 billion. During the same quarter in the prior year, the company earned $5.25 EPS. The firm’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. Research analysts predict that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Announces Dividend

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 $0.25 dividend. The ex-dividend date 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 (DPR) is currently 4.15%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of EMCOR Group in a research note on Wednesday, October 8th. Wall Street Zen upgraded EMCOR Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 2nd. William Blair assumed coverage on EMCOR Group in a research note on Thursday, September 11th. They set an “outperform” rating for the company. The Goldman Sachs Group upgraded EMCOR Group from a “sell” rating to a “neutral” rating and increased their target price for the company from $495.00 to $676.00 in a research note on Tuesday, October 7th. Finally, Stifel Nicolaus increased their target price on EMCOR Group from $692.00 to $718.00 and gave the company a “buy” rating in a research note on Monday, October 13th. 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. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target 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.