Verus Capital Partners LLC Invests $336,000 in EMCOR Group, Inc. $EME

Verus Capital Partners LLC bought a new stake in EMCOR Group, Inc. (NYSE:EME) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 628 shares of the construction company’s stock, valued at approximately $336,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of EMCOR Group in the first quarter valued at about $28,000. Hazlett Burt & Watson Inc. acquired a new stake in shares of EMCOR Group during the first quarter worth about $30,000. Groupe la Francaise boosted its position in EMCOR Group by 79.2% in the first quarter. Groupe la Francaise now owns 86 shares of the construction company’s stock valued at $33,000 after buying an additional 38 shares during the last quarter. Pandora Wealth Inc. acquired a new position in EMCOR Group in the 1st quarter worth approximately $37,000. Finally, Harbor Investment Advisory LLC increased its holdings in EMCOR Group by 110.0% in the 2nd quarter. Harbor Investment Advisory LLC now owns 105 shares of the construction company’s stock worth $56,000 after buying an additional 55 shares during the period. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Insider Activity at EMCOR Group

In related news, Director Robin A. Walker-Lee sold 1,325 shares of the company’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $677.22, for a total transaction of $897,316.50. Following the completion of the transaction, the director owned 6,140 shares in the company, valued at $4,158,130.80. This represents a 17.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.83% of the stock is owned by corporate insiders.

EMCOR Group Stock Up 0.4%

Shares of EME opened at $643.73 on Thursday. The firm has a market cap of $28.82 billion, a P/E ratio of 26.71 and a beta of 1.25. EMCOR Group, Inc. has a 12 month low of $320.89 and a 12 month high of $778.64. The stock’s 50 day moving average is $663.17 and its two-hundred day moving average is $578.06. 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 announced its earnings results on Thursday, October 30th. The construction company reported $6.57 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $6.57. 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 for the quarter, compared to analyst estimates of $4.27 billion. During the same quarter last year, the firm posted $5.80 EPS. The business’s revenue was up 16.4% on a year-over-year basis. EMCOR Group has set its FY 2025 guidance at 25.000-25.75 EPS. Analysts predict that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 30th. Stockholders of record on Wednesday, October 15th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, October 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.2%. EMCOR Group’s payout ratio is currently 4.02%.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. William Blair assumed coverage on shares of EMCOR Group in a research note on Thursday, September 11th. They set an “outperform” rating for the company. Stifel Nicolaus boosted their target price on shares of EMCOR Group from $692.00 to $718.00 and gave the company a “buy” rating in a research report on Monday, October 13th. UBS Group set a $750.00 price target on shares of EMCOR Group and gave the company a “buy” rating in a report on Tuesday, August 5th. Weiss Ratings reiterated a “buy (b)” rating on shares of EMCOR Group in a research note on Wednesday, October 8th. Finally, Northcoast Research downgraded EMCOR Group from a “buy” rating to a “neutral” rating and set a $500.00 target price on the stock. in a research note on Thursday, August 7th. Two equities research 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 stock. According to MarketBeat.com, EMCOR Group currently has an average rating of “Moderate Buy” and an average price target of $692.83.

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.