EMCOR Group, Inc. $EME Shares Purchased by Advisors Asset Management Inc.

Key Points

• Advisors Asset Management Inc. increased its position in EMCOR Group by 3.6% in Q1, owning 30,559 shares valued at $11.3 million.
• Several institutional investors, including Cambridge Investment Research Advisors and Janney Montgomery Scott LLC, significantly raised their stakes, showing strong institutional interest in EMCOR Group.
• EMCOR Group reported a quarterly EPS of $6.72, exceeding expectations, with revenues increasing by 17.4% compared to the previous year, and analysts have set an average price target of $594.50.

Advisors Asset Management Inc. boosted its position in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 3.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,559 shares of the construction company's stock after purchasing an additional 1,065 shares during the period. Advisors Asset Management Inc. owned approximately 0.07% of EMCOR Group worth $11,296,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. BankPlus Trust Department raised its stake in shares of EMCOR Group by 200.0% in the 1st quarter. BankPlus Trust Department now owns 72 shares of the construction company's stock valued at $27,000 after acquiring an additional 48 shares during the period. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of EMCOR Group in the 1st quarter valued at approximately $28,000. Hazlett Burt & Watson Inc. purchased a new stake in shares of EMCOR Group in the 1st quarter valued at approximately $30,000. Groupe la Francaise raised its stake in shares of EMCOR Group by 79.2% in the 1st quarter. Groupe la Francaise now owns 86 shares of the construction company's stock valued at $33,000 after acquiring an additional 38 shares during the period. Finally, Pandora Wealth Inc. purchased a new stake in shares of EMCOR Group in the 1st quarter valued at approximately $37,000. 92.59% of the stock is owned by hedge funds and other institutional investors.

EMCOR Group Stock Down 2.4%

Shares of NYSE:EME traded down $15.52 during trading hours on Friday, reaching $625.05. The stock had a trading volume of 420,532 shares, compared to its average volume of 286,514. EMCOR Group, Inc. has a 1 year low of $320.89 and a 1 year high of $667.64. The firm's 50 day moving average is $595.37 and its 200-day moving average is $483.62. 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 stock has a market capitalization of $27.98 billion, a price-to-earnings ratio of 25.94 and a beta of 1.28.

EMCOR Group (NYSE:EME - Get Free Report) last announced its quarterly earnings data 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 net margin of 7.07% and a return on equity of 38.01%. The company 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 posted $5.25 EPS. The company's quarterly revenue 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. Research analysts predict that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on EME. Baird R W raised shares of EMCOR Group to a "strong-buy" rating in a research note on Friday, June 27th. Hovde Group raised shares of EMCOR Group to a "hold" rating in a research note on Friday, June 27th. Stifel Nicolaus upped their target price on shares of EMCOR Group from $503.00 to $597.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. Northcoast Research downgraded shares of EMCOR Group from a "buy" rating to a "neutral" rating and set a $500.00 target price on the stock. in a research note on Thursday, August 7th. Finally, TD Securities assumed coverage on shares of EMCOR Group in a research note on Friday, June 27th. They set a "buy" rating on the stock. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $594.50.

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.