United Services Automobile Association Buys Shares of 2,919 EMCOR Group, Inc. $EME

Key Points

• United Services Automobile Association acquired a stake of 2,919 shares in EMCOR Group, Inc. for approximately $1,083,000 during the first quarter, reflecting increased institutional interest in the company.
• EMCOR Group reported an earnings per share (EPS) of $6.72, exceeding analysts' expectations of $5.68 for the quarter ending July 31, with revenue growing by 17.4% year-over-year.
• Analysts have set a new average price target of $594.50 for EMCOR Group, with a majority rating the stock as a "Moderate Buy."

United Services Automobile Association bought a new position in EMCOR Group, Inc. (NYSE:EME - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm bought 2,919 shares of the construction company's stock, valued at approximately $1,083,000.

A number of other large investors also recently modified their holdings of EME. Select Equity Group L.P. lifted its stake in EMCOR Group by 1.6% during the 4th quarter. Select Equity Group L.P. now owns 1,064,003 shares of the construction company's stock valued at $482,951,000 after acquiring an additional 16,563 shares in the last quarter. AQR Capital Management LLC lifted its stake in EMCOR Group by 43.6% during the 1st quarter. AQR Capital Management LLC now owns 703,456 shares of the construction company's stock valued at $253,065,000 after acquiring an additional 213,631 shares in the last quarter. Northern Trust Corp lifted its stake in EMCOR Group by 3.7% during the 1st quarter. Northern Trust Corp now owns 571,487 shares of the construction company's stock valued at $211,239,000 after acquiring an additional 20,604 shares in the last quarter. Pacer Advisors Inc. lifted its stake in EMCOR Group by 3,878.2% during the 1st quarter. Pacer Advisors Inc. now owns 534,585 shares of the construction company's stock valued at $197,599,000 after acquiring an additional 521,147 shares in the last quarter. Finally, Burgundy Asset Management Ltd. lifted its stake in EMCOR Group by 6.9% during the 1st quarter. Burgundy Asset Management Ltd. now owns 515,522 shares of the construction company's stock valued at $190,552,000 after acquiring an additional 33,069 shares in the last quarter. 92.59% of the stock is currently owned by institutional investors.

EMCOR Group Stock Performance

EME traded up $5.96 during trading hours on Thursday, hitting $640.36. The stock had a trading volume of 666,563 shares, compared to its average volume of 336,711. The company's fifty day simple moving average is $602.71 and its 200 day simple moving average is $489.27. EMCOR Group, Inc. has a 1 year low of $320.89 and a 1 year high of $667.64. The stock has a market cap of $28.67 billion, a PE ratio of 26.57 and a beta of 1.28. 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 announced its quarterly earnings data 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 company had revenue of $4.30 billion during the quarter, compared to analyst estimates of $4.10 billion. During the same quarter last year, the firm posted $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. Equities analysts anticipate that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Announces Dividend

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

Wall Street Analyst Weigh In

EME has been the topic of several recent analyst reports. Baird R W upgraded EMCOR Group to a "strong-buy" rating in a research note on Friday, June 27th. UBS Group set a $750.00 target price on EMCOR Group and gave the company a "buy" rating in a research report on Tuesday, August 5th. DA Davidson raised their target price on EMCOR Group from $515.00 to $725.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Stifel Nicolaus raised 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, Wall Street Zen raised EMCOR Group from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 2nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company 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.