Belpointe Asset Management LLC Invests $277,000 in EMCOR Group, Inc. $EME

Key Points

• Belpointe Asset Management LLC has acquired a new stake in EMCOR Group, purchasing 750 shares valued at approximately $277,000 in the first quarter of the year.
• AQR Capital Management LLC significantly increased its stake in EMCOR Group by 43.6%, now owning 703,456 shares worth $253 million.
• EMCOR Group reported $6.72 earnings per share in its latest earnings announcement, exceeding expectations and indicating substantial revenue growth of 17.4% year-over-year.

Belpointe Asset Management LLC purchased a new stake in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 750 shares of the construction company's stock, valued at approximately $277,000.

A number of other institutional investors also recently modified their holdings of EME. BankPlus Trust Department raised its holdings in EMCOR Group by 200.0% in the first quarter. BankPlus Trust Department now owns 72 shares of the construction company's stock worth $27,000 after buying an additional 48 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of EMCOR Group in the 1st quarter worth approximately $28,000. Hazlett Burt & Watson Inc. purchased a new stake in shares of EMCOR Group during the first quarter valued at $30,000. Continuum Advisory LLC boosted its position in EMCOR Group by 53.7% during the 4th quarter. Continuum Advisory LLC now owns 83 shares of the construction company's stock valued at $38,000 after acquiring an additional 29 shares in the last quarter. Finally, Groupe la Francaise boosted its position 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 purchasing an additional 38 shares in the last quarter. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. William Blair initiated coverage on shares of EMCOR Group in a research report on Thursday, September 11th. They issued an "outperform" rating for the company. Stifel Nicolaus boosted their price objective on EMCOR Group from $503.00 to $597.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. TD Securities began coverage on shares of EMCOR Group in a research note on Friday, June 27th. They set a "buy" rating for the company. Zacks Research raised EMCOR Group from a "hold" rating to a "strong-buy" rating in a report on Friday, September 12th. Finally, DA Davidson upped their target price on EMCOR Group from $515.00 to $725.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, EMCOR Group presently has an average rating of "Moderate Buy" and an average price target of $594.50.

EMCOR Group Stock Up 0.8%

NYSE EME traded up $4.91 during trading hours on Friday, hitting $633.83. The company's stock had a trading volume of 10,504,955 shares, compared to its average volume of 420,380. 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 company's 50-day simple moving average is $612.05 and its two-hundred day simple moving average is $498.53. EMCOR Group, Inc. has a 52 week low of $320.89 and a 52 week high of $667.64. The company has a market capitalization of $28.37 billion, a PE ratio of 26.30 and a beta of 1.28.

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 (EPS) for the quarter, beating analysts' consensus estimates of $5.68 by $1.04. The company had revenue of $4.30 billion for the quarter, compared to analyst estimates of $4.10 billion. EMCOR Group had a return on equity of 38.01% and a net margin of 7.07%.The firm's revenue for the quarter was up 17.4% compared to the same quarter last year. During the same period in the previous year, the company posted $5.25 EPS. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 EPS. Research analysts anticipate that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Dividend Announcement

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

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.