Brandywine Global Investment Management LLC Takes $10.13 Million Position in EMCOR Group, Inc. $EME

Key Points

• Brandywine Global Investment Management LLC has acquired 27,399 shares of EMCOR Group, valued at approximately $10.1 million, representing a 0.06% ownership stake.
• EMCOR Group recently reported $6.72 earnings per share, exceeding analysts’ expectations of $5.68, with a revenue increase of 17.4% year-over-year.
• The company's quarterly dividend of $0.25 per share has an annualized yield of 0.2%, with a dividend payout ratio of 4.15%.

Brandywine Global Investment Management LLC acquired a new stake in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 27,399 shares of the construction company's stock, valued at approximately $10,127,000. Brandywine Global Investment Management LLC owned approximately 0.06% of EMCOR Group as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. True Wealth Design LLC grew its stake in shares of EMCOR Group by 24.3% during the fourth quarter. True Wealth Design LLC now owns 133 shares of the construction company's stock worth $60,000 after purchasing an additional 26 shares in the last quarter. GeoWealth Management LLC raised its position in shares of EMCOR Group by 12.4% during the 4th quarter. GeoWealth Management LLC now owns 253 shares of the construction company's stock worth $115,000 after acquiring an additional 28 shares in the last quarter. Continuum Advisory LLC lifted its stake in EMCOR Group by 53.7% during the fourth quarter. Continuum Advisory LLC now owns 83 shares of the construction company's stock worth $38,000 after purchasing an additional 29 shares during the last quarter. Alps Advisors Inc. increased its stake in EMCOR Group by 3.4% in the first quarter. Alps Advisors Inc. now owns 908 shares of the construction company's stock valued at $336,000 after purchasing an additional 30 shares during the last quarter. Finally, Allworth Financial LP increased its stake in EMCOR Group by 17.9% in the first quarter. Allworth Financial LP now owns 217 shares of the construction company's stock valued at $87,000 after purchasing an additional 33 shares during the last quarter. 92.59% of the stock is owned by hedge funds and other institutional investors.

EMCOR Group Trading Up 1.5%

Shares of EME traded up $9.3150 during trading hours on Friday, reaching $620.1650. The stock had a trading volume of 94,327 shares, compared to its average volume of 478,364. EMCOR Group, Inc. has a 52 week low of $320.89 and a 52 week high of $667.64. The firm has a 50-day moving average of $567.28 and a 200 day moving average of $469.78. The company has a market cap of $27.76 billion, a P/E ratio of 25.75 and a beta of 1.27. The company has a quick ratio of 1.15, a current ratio of 1.18 and a debt-to-equity ratio of 0.08.

EMCOR Group (NYSE:EME - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The construction company reported $6.72 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $4.10 billion. During the same period last year, the business posted $5.25 earnings per share. The firm's quarterly revenue 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, sell-side analysts expect 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 was paid on Thursday, July 31st. Stockholders of record on Tuesday, July 15th were paid a dividend of $0.25 per share. The ex-dividend date was Tuesday, July 15th. This represents a $1.00 annualized dividend and a dividend yield of 0.2%. EMCOR Group's payout ratio is currently 4.15%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on EME shares. William Blair began coverage on EMCOR Group in a research report on Friday, June 27th. They set an "outperform" rating on the stock. Stifel Nicolaus lifted their price target on shares of EMCOR Group from $503.00 to $597.00 and gave the company a "buy" rating in a research report on Friday, July 11th. DA Davidson increased their price objective 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. Jefferies Financial Group began coverage on EMCOR Group in a research report on Friday, June 27th. They set a "buy" rating for the company. Finally, Wall Street Zen upgraded EMCOR Group from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 2nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $594.50.

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.