505 Shares in EMCOR Group, Inc. $EME Acquired by waypoint wealth counsel

Key Points

• Waypoint Wealth Counsel has acquired 505 shares of EMCOR Group, Inc., valued at approximately $270,000, marking a new investment position in the company.
• EMCOR Group reported impressive earnings of $6.72 per share for the last quarter, surpassing analyst expectations by $1.04, and showing a year-over-year revenue increase of 17.4%.
• The company recently announced a quarterly dividend of $0.25 per share, reflecting a dividend yield of 0.2%, with a payout ratio of 4.15%.

waypoint wealth counsel purchased a new position in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 505 shares of the construction company's stock, valued at approximately $270,000.

Several other institutional investors have also modified their holdings of the stock. BankPlus Trust Department raised its stake in EMCOR Group by 200.0% during the first quarter. BankPlus Trust Department now owns 72 shares of the construction company's stock worth $27,000 after purchasing an additional 48 shares during the period. Migdal Insurance & Financial Holdings Ltd. purchased a new position in EMCOR Group during the first quarter worth about $28,000. Hazlett Burt & Watson Inc. purchased a new stake in shares of EMCOR Group during the 1st quarter valued at approximately $30,000. Groupe la Francaise raised its position in shares of EMCOR Group by 79.2% during the 1st quarter. Groupe la Francaise now owns 86 shares of the construction company's stock valued at $33,000 after buying an additional 38 shares during the period. Finally, Pandora Wealth Inc. purchased a new stake in shares of EMCOR Group during the 1st quarter valued at approximately $37,000. Hedge funds and other institutional investors own 92.59% of the company's stock.

EMCOR Group Stock Down 2.5%

Shares of NYSE:EME opened at $663.92 on Friday. EMCOR Group, Inc. has a 1 year low of $320.89 and a 1 year high of $697.91. The firm's 50-day moving average is $631.80 and its two-hundred day moving average is $527.16. The firm has a market capitalization of $29.72 billion, a PE ratio of 27.55 and a beta of 1.24. 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 earnings per share for the quarter, topping the consensus estimate of $5.68 by $1.04. EMCOR Group had a net margin of 7.07% and a return on equity of 38.01%. The firm had revenue of $4.30 billion for the quarter, compared to the consensus estimate of $4.10 billion. During the same period in the prior year, the firm earned $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. Analysts predict that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 30th. Shareholders of record on Wednesday, October 15th will be issued a dividend of $0.25 per share. The ex-dividend date is Wednesday, October 15th. This represents a $1.00 annualized dividend and a yield of 0.2%. EMCOR Group's dividend payout ratio is 4.15%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on EME. The Goldman Sachs Group upgraded EMCOR Group from a "sell" rating to a "neutral" rating and lifted their target price for the company from $495.00 to $676.00 in a research report on Tuesday, October 7th. Stifel Nicolaus boosted their price objective on shares of EMCOR Group from $503.00 to $597.00 and gave the company a "buy" rating in a report on Friday, July 11th. Hovde Group upgraded shares of EMCOR Group to a "hold" rating in a report on Friday, June 27th. DA Davidson boosted 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. Finally, Jefferies Financial Group began coverage on shares of EMCOR Group in a research note on Friday, June 27th. They issued a "buy" rating on the stock. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $634.67.

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.

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