EMCOR Group, Inc. $EME Shares Purchased by Ameriprise Financial Inc.

Key Points

• Ameriprise Financial Inc. has increased its stake in EMCOR Group, Inc. by 7.6%, owning a total of 330,242 shares valued at approximately $122 million.
• EMCOR Group reported earnings per share of $6.72 for the last quarter, significantly surpassing analysts' expectations of $5.68, with a revenue of $4.30 billion.
• The company recently declared a quarterly dividend of $0.25, contributing to an annualized dividend of $1.00 and a yield of 0.2%.

Ameriprise Financial Inc. increased its position in EMCOR Group, Inc. (NYSE:EME - Free Report) by 7.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 330,242 shares of the construction company's stock after acquiring an additional 23,243 shares during the period. Ameriprise Financial Inc. owned approximately 0.74% of EMCOR Group worth $122,061,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in EME. True Wealth Design LLC raised its stake in shares of EMCOR Group by 24.3% during the 4th quarter. True Wealth Design LLC now owns 133 shares of the construction company's stock worth $60,000 after buying an additional 26 shares during the period. Continuum Advisory LLC increased its stake 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 worth $38,000 after purchasing an additional 29 shares in the last quarter. Alps Advisors Inc. raised its position in shares of EMCOR Group by 3.4% during the 1st quarter. Alps Advisors Inc. now owns 908 shares of the construction company's stock worth $336,000 after purchasing an additional 30 shares during the last quarter. Allworth Financial LP lifted its stake in EMCOR Group by 17.9% in the 1st quarter. Allworth Financial LP now owns 217 shares of the construction company's stock valued at $87,000 after buying an additional 33 shares in the last quarter. Finally, Kathmere Capital Management LLC boosted its holdings in EMCOR Group by 3.6% in the 1st quarter. Kathmere Capital Management LLC now owns 1,026 shares of the construction company's stock worth $379,000 after buying an additional 36 shares during the last quarter. Hedge funds and other institutional investors own 92.59% of the company's stock.

Analyst Upgrades and Downgrades

EME has been the subject of several recent research reports. Hovde Group raised EMCOR Group to a "hold" rating in a research note on Friday, June 27th. Robert W. Baird started coverage on EMCOR Group in a report on Friday, June 27th. They set an "outperform" rating and a $560.00 target price on the stock. Stifel Nicolaus upped their price target on EMCOR Group from $503.00 to $597.00 and gave the company a "buy" rating in a research report on Friday, July 11th. Jefferies Financial Group started coverage on EMCOR Group in a research report on Friday, June 27th. They set a "buy" rating on the stock. Finally, The Goldman Sachs Group boosted their price objective on shares of EMCOR Group from $384.00 to $435.00 and gave the company a "sell" rating in a report on Tuesday, July 8th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, EMCOR Group presently has a consensus rating of "Moderate Buy" and an average price target of $594.50.

EMCOR Group Stock Down 2.6%

EME stock traded down $16.73 during trading on Friday, hitting $616.53. 155,187 shares of the company's stock were exchanged, compared to its average volume of 474,015. The business has a 50-day moving average price of $580.87 and a two-hundred day moving average price of $475.28. The company has a current ratio of 1.18, a quick ratio of 1.15 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $27.60 billion, a price-to-earnings ratio of 25.58 and a beta of 1.27. EMCOR Group, Inc. has a 52-week low of $320.89 and a 52-week high of $667.64.

EMCOR Group (NYSE:EME - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The construction company reported $6.72 earnings per share for the quarter, topping 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 analysts' expectations of $4.10 billion. During the same quarter last year, the company earned $5.25 earnings per share. 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. As a group, equities research analysts expect that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Dividend Announcement

The firm 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. 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 payout ratio is presently 4.15%.

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.