3,693 Shares in EMCOR Group, Inc. $EME Acquired by Carmel Capital Partners LLC

Key Points

• Carmel Capital Partners LLC acquired 3,693 shares of EMCOR Group, valued at approximately $1,975,000, indicating significant institutional interest in the construction company.
• EMCOR Group recently reported $6.72 EPS for the quarter, surpassing analysts' estimates of $5.68, and had a quarterly revenue of $4.30 billion, which is up 17.4% year-over-year.
• The company announced a quarterly dividend of $0.25 per share, with an annualized dividend yield of 0.1%, set to be paid on October 30th.

Carmel Capital Partners LLC purchased a new position in EMCOR Group, Inc. (NYSE:EME - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 3,693 shares of the construction company's stock, valued at approximately $1,975,000.

A number of other institutional investors also recently added to or reduced their stakes in EME. Pacer Advisors Inc. lifted its stake in EMCOR Group by 3,878.2% in the first quarter. Pacer Advisors Inc. now owns 534,585 shares of the construction company's stock worth $197,599,000 after acquiring an additional 521,147 shares during the last quarter. New Vernon Capital Holdings II LLC purchased a new position in EMCOR Group in the first quarter worth approximately $114,220,000. Jones Financial Companies Lllp lifted its stake in EMCOR Group by 56,287.8% in the first quarter. Jones Financial Companies Lllp now owns 286,450 shares of the construction company's stock worth $105,881,000 after acquiring an additional 285,942 shares during the last quarter. AQR Capital Management LLC lifted its stake in EMCOR Group by 43.6% in the first quarter. AQR Capital Management LLC now owns 703,456 shares of the construction company's stock worth $253,065,000 after acquiring an additional 213,631 shares during the last quarter. Finally, Nuveen LLC purchased a new stake in shares of EMCOR Group during the 1st quarter worth approximately $71,821,000. Hedge funds and other institutional investors own 92.59% of the company's stock.

EMCOR Group Stock Performance

Shares of EMCOR Group stock opened at $689.81 on Friday. The firm's fifty day simple moving average is $638.04 and its 200-day simple moving average is $536.82. The stock has a market capitalization of $30.88 billion, a price-to-earnings ratio of 28.62 and a beta of 1.24. EMCOR Group, Inc. has a 12 month low of $320.89 and a 12 month high of $697.91. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.18 and a quick ratio of 1.15.

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

EMCOR Group Announces Dividend

The company 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 $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Wednesday, October 15th. EMCOR Group's payout ratio is currently 4.15%.

Analyst Upgrades and Downgrades

EME has been the subject of several recent analyst reports. Robert W. Baird initiated coverage on shares of EMCOR Group in a research report on Friday, June 27th. They set an "outperform" rating and a $560.00 price objective for the company. William Blair initiated coverage on shares of EMCOR Group in a research report on Thursday, September 11th. They set an "outperform" rating for the company. Hovde Group upgraded shares of EMCOR Group to a "hold" rating in a research report on Friday, June 27th. Stifel Nicolaus boosted their price objective on shares of EMCOR Group from $692.00 to $718.00 and gave the stock a "buy" rating in a research report on Monday, October 13th. Finally, Baird R W upgraded shares of EMCOR Group to a "strong-buy" rating in a research report on Friday, June 27th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $654.83.

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.

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