Raleigh Capital Management Inc. Acquires 73 Shares of EMCOR Group, Inc. $EME

Raleigh Capital Management Inc. grew its holdings in shares of EMCOR Group, Inc. (NYSE:EME) by 14.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 571 shares of the construction company’s stock after purchasing an additional 73 shares during the quarter. Raleigh Capital Management Inc.’s holdings in EMCOR Group were worth $306,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. BankPlus Trust Department raised its position in EMCOR Group by 200.0% in the first quarter. BankPlus Trust Department now owns 72 shares of the construction company’s stock worth $27,000 after acquiring an additional 48 shares during the period. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of EMCOR Group during the 1st quarter worth approximately $28,000. Hazlett Burt & Watson Inc. bought a new stake in shares of EMCOR Group in the 1st quarter worth approximately $30,000. Groupe la Francaise lifted its stake 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 purchasing an additional 38 shares during the last quarter. Finally, Pandora Wealth Inc. bought a new position in EMCOR Group during the first quarter valued at $37,000. 92.59% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. DA Davidson boosted their target price on EMCOR Group from $515.00 to $725.00 and gave the company a “buy” rating in a research note on Friday, August 1st. Hovde Group upgraded EMCOR Group to a “hold” rating in a research note on Friday, June 27th. Jefferies Financial Group initiated coverage on shares of EMCOR Group in a research report on Friday, June 27th. They set a “buy” rating for the company. Zacks Research raised shares of EMCOR Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 12th. Finally, The Goldman Sachs Group upped their price target on shares of EMCOR Group from $384.00 to $435.00 and gave the company a “sell” rating in a research note on Tuesday, July 8th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $594.50.

EMCOR Group Price Performance

Shares of NYSE:EME opened at $650.19 on Wednesday. The company has a 50 day moving average of $623.62 and a 200 day moving average of $512.15. The company has a current ratio of 1.18, a quick ratio of 1.15 and a debt-to-equity ratio of 0.08. The stock has a market cap of $29.10 billion, a P/E ratio of 26.98 and a beta of 1.28. EMCOR Group, Inc. has a 12 month low of $320.89 and a 12 month high of $667.64.

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

EMCOR Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Tuesday, July 15th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.2%. The ex-dividend date was Tuesday, July 15th. EMCOR Group’s payout ratio is presently 4.15%.

EMCOR Group 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.