Spectrum Asset Management Inc. NB CA Makes New Investment in EMCOR Group, Inc. $EME

Spectrum Asset Management Inc. NB CA purchased a new position in shares of EMCOR Group, Inc. (NYSE:EME) in the 2nd quarter, HoldingsChannel.com reports. The fund purchased 6,417 shares of the construction company’s stock, valued at approximately $3,432,000. EMCOR Group accounts for about 1.5% of Spectrum Asset Management Inc. NB CA’s investment portfolio, making the stock its 27th biggest position.

Other hedge funds and other institutional investors also recently modified their holdings of the company. BankPlus Trust Department increased 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 worth $27,000 after acquiring an additional 48 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of EMCOR Group during the 1st quarter worth approximately $28,000. Hazlett Burt & Watson Inc. bought a new position in shares of EMCOR Group during the first quarter worth approximately $30,000. Groupe la Francaise raised its position in shares of 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 in the last quarter. Finally, Pandora Wealth Inc. acquired a new stake in shares of EMCOR Group in the first quarter valued at approximately $37,000. Institutional investors and hedge funds own 92.59% of the company’s stock.

Analysts Set New Price Targets

EME has been the topic of a number of recent research reports. Zacks Research upgraded EMCOR Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 12th. Wall Street Zen upgraded EMCOR Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 2nd. DA Davidson upped their price objective on shares of EMCOR Group from $515.00 to $725.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. Stifel Nicolaus raised their target price on shares of EMCOR Group from $503.00 to $597.00 and gave the company a “buy” rating in a report on Friday, July 11th. Finally, William Blair initiated coverage on shares of EMCOR Group in a report on Thursday, September 11th. They set an “outperform” rating for the company. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $634.67.

EMCOR Group Trading Up 0.5%

EME opened at $673.59 on Wednesday. The company has a market cap of $30.15 billion, a P/E ratio of 27.95 and a beta of 1.24. 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 company’s 50 day moving average is $628.82 and its 200-day moving average is $521.45. EMCOR Group, Inc. has a 1-year low of $320.89 and a 1-year high of $685.82.

EMCOR Group (NYSE:EME) last issued its quarterly earnings data on Thursday, July 31st. The construction company reported $6.72 EPS for the quarter, beating the consensus estimate of $5.68 by $1.04. EMCOR Group had a net margin of 7.07% and a return on equity of 38.01%. The business 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 firm earned $5.25 EPS. The firm’s 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. Equities research analysts predict that EMCOR Group, Inc. will post 20.74 earnings per share 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. Investors of record on Wednesday, October 15th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, October 15th. This represents a $1.00 annualized dividend and a dividend yield of 0.1%. EMCOR Group’s dividend payout ratio (DPR) is 4.15%.

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.