Lingohr Asset Management GmbH Buys New Shares in EMCOR Group, Inc. $EME

Key Points

• Lingohr Asset Management GmbH has acquired 633 shares of EMCOR Group, valued at approximately $339,000, marking a new position for the firm in the second quarter.
• EMCOR Group reported a quarterly earnings per share of $6.72, exceeding the consensus estimate of $5.68, along with revenue growth of 17.4% year-over-year.
• Analysts have raised their price targets for EMCOR Group, with ratings showing potential for a Moderate Buy and an average target price of $594.50.

Lingohr Asset Management GmbH bought a new stake in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 633 shares of the construction company's stock, valued at approximately $339,000.

Other large investors have also recently made changes to their positions in the company. BankPlus Trust Department lifted its holdings in shares of EMCOR Group by 200.0% during the first quarter. BankPlus Trust Department now owns 72 shares of the construction company's stock valued at $27,000 after purchasing an additional 48 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of EMCOR Group during the first quarter valued at approximately $28,000. Hazlett Burt & Watson Inc. purchased a new position in shares of EMCOR Group during the first quarter valued at approximately $30,000. Continuum Advisory LLC lifted its holdings in shares of EMCOR Group by 53.7% during the fourth quarter. Continuum Advisory LLC now owns 83 shares of the construction company's stock valued at $38,000 after purchasing an additional 29 shares during the last quarter. Finally, Groupe la Francaise increased its position in shares of EMCOR Group by 79.2% during the first quarter. Groupe la Francaise now owns 86 shares of the construction company's stock valued at $33,000 after acquiring an additional 38 shares in the last quarter. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

EMCOR Group Stock Performance

Shares of EME stock traded down $9.14 during mid-day trading on Tuesday, reaching $619.61. 431,229 shares of the company's stock traded hands, compared to its average volume of 382,283. EMCOR Group, Inc. has a 12 month low of $320.89 and a 12 month high of $667.64. The firm has a 50 day moving average price of $607.46 and a two-hundred day moving average price of $494.38. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.15 and a current ratio of 1.18. The firm has a market capitalization of $27.73 billion, a PE ratio of 25.71 and a beta of 1.28.

EMCOR Group (NYSE:EME - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The construction company reported $6.72 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $4.30 billion during the quarter, compared to the consensus estimate of $4.10 billion. During the same quarter in the previous year, the firm posted $5.25 EPS. The company's revenue for the quarter was up 17.4% compared to the same quarter last year. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 EPS. On average, research analysts forecast that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Investors 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 dividend on an annualized basis and a dividend yield of 0.2%. EMCOR Group's payout ratio is 4.15%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on EME. Stifel Nicolaus raised 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. Zacks Research raised shares of EMCOR Group from a "hold" rating to a "strong-buy" rating in a research report on Friday. Robert W. Baird began coverage on shares of EMCOR Group in a research report on Friday, June 27th. They issued an "outperform" rating and a $560.00 target price for the company. UBS Group set a $750.00 target price on shares of EMCOR Group and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Finally, William Blair began coverage on shares of EMCOR Group in a research report on Thursday, September 11th. They issued an "outperform" rating for the company. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $594.50.

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.