459 Shares in EMCOR Group, Inc. $EME Purchased by Investment Advisory Services Inc. TX ADV

Key Points

• Investment Advisory Services Inc. TX ADV acquired 459 shares of EMCOR Group, Inc., valued at approximately $245,000, marking a new position in the company.
• Institutional investors now own 92.59% of EMCOR Group's stock, with significant increases in positions from various hedge funds in the first quarter.
• EMCOR Group reported a quarterly EPS of $6.72, exceeding analyst expectations, and announced a quarterly dividend of $0.25, reflecting an annualized yield of 0.2%.

Investment Advisory Services Inc. TX ADV acquired a new position in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 459 shares of the construction company's stock, valued at approximately $245,000.

Several other institutional investors and hedge funds have also bought and sold shares of EME. Pacer Advisors Inc. lifted its position in EMCOR Group by 3,878.2% during the first quarter. Pacer Advisors Inc. now owns 534,585 shares of the construction company's stock worth $197,599,000 after purchasing an additional 521,147 shares during the period. GAMMA Investing LLC lifted its position in EMCOR Group by 49,775.5% during the first quarter. GAMMA Investing LLC now owns 374,066 shares of the construction company's stock worth $138,266,000 after purchasing an additional 373,316 shares during the period. New Vernon Capital Holdings II LLC bought a new stake in EMCOR Group during the first quarter worth about $114,220,000. Jones Financial Companies Lllp lifted its position in EMCOR Group by 56,287.8% during the first quarter. Jones Financial Companies Lllp now owns 286,450 shares of the construction company's stock worth $105,881,000 after purchasing an additional 285,942 shares during the period. Finally, AQR Capital Management LLC lifted its position in EMCOR Group by 43.6% during the first quarter. AQR Capital Management LLC now owns 703,456 shares of the construction company's stock worth $253,065,000 after purchasing an additional 213,631 shares during the period. Institutional investors own 92.59% of the company's stock.

Analysts Set New Price Targets

EME has been the subject of several research analyst reports. TD Securities initiated coverage on EMCOR Group in a research note on Friday, June 27th. They set a "buy" rating for the company. Zacks Research raised EMCOR Group from a "hold" rating to a "strong-buy" rating in a research note on Friday, September 12th. Stifel Nicolaus boosted their target price on EMCOR Group from $503.00 to $597.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. The Goldman Sachs Group upped their price target on shares of EMCOR Group from $384.00 to $435.00 and gave the stock a "sell" rating in a report on Tuesday, July 8th. Finally, Baird R W raised EMCOR Group to a "strong-buy" rating in a report on Friday, June 27th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $594.50.

EMCOR Group Stock Performance

NYSE EME opened at $641.97 on Monday. The company has a market capitalization of $28.73 billion, a price-to-earnings ratio of 26.64 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, Inc. has a twelve month low of $320.89 and a twelve month high of $667.64. The stock has a fifty day simple moving average of $620.23 and a 200 day simple moving average of $509.43.

EMCOR Group (NYSE:EME - Get Free Report) last released its quarterly 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. 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 analyst estimates of $4.10 billion. During the same quarter in the previous year, the company posted $5.25 EPS. The business's 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. Sell-side analysts expect that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Announces Dividend

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 $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Tuesday, July 15th. EMCOR Group's dividend payout ratio is currently 4.15%.

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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