REAP Financial Group LLC Grows Stake in EMCOR Group, Inc. $EME

REAP Financial Group LLC boosted its position in shares of EMCOR Group, Inc. (NYSE:EME) by 172.9% during the 2nd quarter, HoldingsChannel reports. The firm owned 232 shares of the construction company’s stock after buying an additional 147 shares during the period. REAP Financial Group LLC’s holdings in EMCOR Group were worth $124,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. BankPlus Trust Department increased its holdings in EMCOR Group by 350.0% during the 2nd quarter. BankPlus Trust Department now owns 324 shares of the construction company’s stock worth $173,000 after purchasing an additional 252 shares during the period. Canopy Partners LLC purchased a new position in EMCOR Group during the 2nd quarter worth $342,000. Shell Asset Management Co. increased its holdings in EMCOR Group by 22.9% during the 2nd quarter. Shell Asset Management Co. now owns 5,148 shares of the construction company’s stock worth $2,754,000 after purchasing an additional 958 shares during the period. KLP Kapitalforvaltning AS increased its holdings in EMCOR Group by 8.1% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 51,900 shares of the construction company’s stock worth $27,761,000 after purchasing an additional 3,900 shares during the period. Finally, SteelPeak Wealth LLC increased its holdings in EMCOR Group by 36.9% during the 2nd quarter. SteelPeak Wealth LLC now owns 2,842 shares of the construction company’s stock worth $1,520,000 after purchasing an additional 766 shares during the period. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

EMCOR Group Stock Up 0.5%

Shares of EME stock opened at $673.59 on Wednesday. EMCOR Group, Inc. has a 1-year low of $320.89 and a 1-year high of $685.82. The stock’s fifty day moving average price is $628.82 and its 200 day moving average price is $521.45. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.18 and a quick ratio of 1.15. The company has a market cap of $30.15 billion, a price-to-earnings ratio of 27.95 and a beta of 1.24.

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, topping 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 for the quarter, compared to the consensus estimate of $4.10 billion. During the same period in the previous year, the business earned $5.25 EPS. The firm’s revenue for the quarter was up 17.4% on a year-over-year basis. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 EPS. On average, research analysts expect that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 30th. Investors of record on Wednesday, October 15th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.1%. The ex-dividend date is Wednesday, October 15th. EMCOR Group’s payout ratio is 4.15%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. DA Davidson raised their price objective on EMCOR Group from $515.00 to $725.00 and gave the stock a “buy” rating in a report on Friday, August 1st. Northcoast Research cut EMCOR Group from a “buy” rating to a “neutral” rating and set a $500.00 target price on the stock. in a research report on Thursday, August 7th. Baird R W raised EMCOR Group to a “strong-buy” rating in a research report on Friday, June 27th. Stifel Nicolaus increased their target price on EMCOR Group from $503.00 to $597.00 and gave the company a “buy” rating in a research report on Friday, July 11th. Finally, Hovde Group raised EMCOR Group to a “hold” rating in a research report on Friday, June 27th. Two investment 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. Based on data from MarketBeat.com, EMCOR Group has an average rating of “Moderate Buy” and a consensus target price of $634.67.

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.