EMCOR Group, Inc. $EME Shares Acquired by AQR Capital Management LLC

Key Points

• AQR Capital Management LLC increased its holdings in EMCOR Group by 43.6%, now owning 703,456 shares valued at approximately $253.07 million.
• EMCOR Group's stock has been rated with multiple "buy" ratings, with target prices ranging from $500 to $750 as provided by various brokerages.
• The company reported strong quarterly earnings with an EPS of $6.72, surpassing analysts' expectations and showing a 17.4% year-over-year revenue growth.

AQR Capital Management LLC grew its position in EMCOR Group, Inc. (NYSE:EME - Free Report) by 43.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 703,456 shares of the construction company's stock after buying an additional 213,631 shares during the period. AQR Capital Management LLC owned 1.57% of EMCOR Group worth $253,065,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in EME. BankPlus Trust Department grew 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 buying an additional 48 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of EMCOR Group in the 1st quarter worth approximately $28,000. Hazlett Burt & Watson Inc. acquired a new position in shares of EMCOR Group in the 1st quarter worth approximately $30,000. Groupe la Francaise lifted its holdings 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 worth $33,000 after acquiring an additional 38 shares during the last quarter. Finally, Pandora Wealth Inc. acquired a new position in shares of EMCOR Group in the 1st quarter worth approximately $37,000. Hedge funds and other institutional investors own 92.59% of the company's stock.

EMCOR Group Stock Performance

EMCOR Group stock traded down $15.52 during midday trading on Friday, hitting $625.05. 420,532 shares of the company's stock were exchanged, compared to its average volume of 286,514. EMCOR Group, Inc. has a 12-month low of $320.89 and a 12-month high of $667.64. 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 cap of $27.98 billion, a price-to-earnings ratio of 25.94 and a beta of 1.28. The firm's 50 day simple moving average is $595.37 and its 200 day simple moving average is $483.62.

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, topping the consensus estimate of $5.68 by $1.04. The company had revenue of $4.30 billion for the quarter, compared to the consensus estimate of $4.10 billion. EMCOR Group had a net margin of 7.07% and a return on equity of 38.01%. EMCOR Group's revenue for the quarter was up 17.4% on a year-over-year basis. During the same period last year, the firm posted $5.25 EPS. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 EPS. Equities research analysts predict that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Tuesday, July 15th were paid 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 (DPR) is 4.15%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on EME. Stifel Nicolaus upped their price objective on shares of EMCOR Group from $503.00 to $597.00 and gave the stock a "buy" rating in a report on Friday, July 11th. Northcoast Research lowered shares of EMCOR Group from a "buy" rating to a "neutral" rating and set a $500.00 target price on the stock. in a report on Thursday, August 7th. Robert W. Baird assumed coverage on shares of EMCOR Group in a report on Friday, June 27th. They set an "outperform" rating and a $560.00 target price on the stock. Baird R W upgraded shares of EMCOR Group to a "strong-buy" rating in a report on Friday, June 27th. Finally, TD Securities assumed coverage on shares of EMCOR Group in a report 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 assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, EMCOR Group currently 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.