Canopy Partners LLC Invests $342,000 in EMCOR Group, Inc. $EME

Canopy Partners LLC bought a new position in EMCOR Group, Inc. (NYSE:EME) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 640 shares of the construction company’s stock, valued at approximately $342,000.

A number of other large investors have also added to or reduced their stakes in EME. BankPlus Trust Department raised its stake in shares of EMCOR Group by 200.0% during the 1st quarter. BankPlus Trust Department now owns 72 shares of the construction company’s stock worth $27,000 after acquiring an additional 48 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of EMCOR Group during the first quarter worth $28,000. Hazlett Burt & Watson Inc. acquired a new position in shares of EMCOR Group during the first quarter worth $30,000. Groupe la Francaise increased its position in shares of EMCOR Group by 79.2% during the first quarter. Groupe la Francaise now owns 86 shares of the construction company’s stock worth $33,000 after purchasing an additional 38 shares in the last quarter. Finally, Pandora Wealth Inc. acquired a new position in shares of EMCOR Group during the first quarter worth $37,000. 92.59% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on EME shares. William Blair started coverage on EMCOR Group in a research report on Thursday, September 11th. They set an “outperform” rating on the stock. Jefferies Financial Group began coverage on shares of EMCOR Group in a report on Friday, June 27th. They set a “buy” rating on the stock. UBS Group set a $750.00 price objective on shares of EMCOR Group and gave the company a “buy” rating in a report on Tuesday, August 5th. Robert W. Baird started coverage on shares of EMCOR Group in a research note on Friday, June 27th. They set an “outperform” rating and a $560.00 price target on the stock. Finally, DA Davidson upped their price target on shares of EMCOR Group from $515.00 to $725.00 and gave the company a “buy” rating in a research note on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $634.67.

EMCOR Group Stock Performance

Shares of NYSE:EME 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 company has a debt-to-equity ratio of 0.08, a current ratio of 1.18 and a quick ratio of 1.15. The business’s 50 day moving average price is $628.82 and its 200-day moving average price is $521.45. The firm has a market capitalization of $30.15 billion, a PE ratio of 27.95 and a beta of 1.24.

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

EMCOR Group Announces Dividend

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