Burgundy Asset Management Ltd. Increases Holdings in EMCOR Group, Inc. $EME

Key Points

• Burgundy Asset Management Ltd. increased its stake in EMCOR Group, Inc. by 6.9%, owning 515,522 shares worth approximately $190.55 million, making it the firm's 14th largest position.
• EMCOR reported $6.72 earnings per share for the last quarter, exceeding expectations and marking a 17.4% year-over-year revenue increase to $4.30 billion.
• The company recently announced a quarterly dividend of $0.25 per share, with a dividend yield of 0.2% and a payout ratio of 4.15%.

Burgundy Asset Management Ltd. raised its position in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 6.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 515,522 shares of the construction company's stock after acquiring an additional 33,069 shares during the period. EMCOR Group makes up approximately 2.0% of Burgundy Asset Management Ltd.'s holdings, making the stock its 14th biggest holding. Burgundy Asset Management Ltd. owned approximately 1.15% of EMCOR Group worth $190,552,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of EME. BankPlus Trust Department grew its position in 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 last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of EMCOR Group during the 1st quarter worth $28,000. Hazlett Burt & Watson Inc. purchased a new stake in shares of EMCOR Group during the 1st quarter worth $30,000. Continuum Advisory LLC lifted its stake in shares of EMCOR Group by 53.7% during the 4th quarter. Continuum Advisory LLC now owns 83 shares of the construction company's stock worth $38,000 after purchasing an additional 29 shares during the last quarter. Finally, Dogwood Wealth Management LLC purchased a new stake in shares of EMCOR Group during the 4th quarter worth $40,000. 92.59% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Jefferies Financial Group assumed coverage on EMCOR Group in a research note on Friday, June 27th. They set a "buy" rating for the company. Hovde Group upgraded EMCOR Group to a "hold" rating in a research note on Friday, June 27th. TD Securities assumed coverage on EMCOR Group in a research note on Friday, June 27th. They issued a "buy" rating for the company. DA Davidson increased their price target on EMCOR Group from $515.00 to $725.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Finally, Robert W. Baird assumed coverage on EMCOR Group in a research note on Friday, June 27th. They issued an "outperform" rating and a $560.00 price target for the company. One investment 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 assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $594.50.

EMCOR Group Price Performance

Shares of NYSE EME traded up $8.4650 during midday trading on Friday, hitting $619.3150. The stock had a trading volume of 114,960 shares, compared to its average volume of 478,487. The company has a market capitalization of $27.72 billion, a PE ratio of 25.71 and a beta of 1.27. The stock has a 50 day simple moving average of $567.28 and a 200-day simple moving average of $469.78. EMCOR Group, Inc. has a 1 year low of $320.89 and a 1 year high of $667.64. The company has a quick ratio of 1.15, a current ratio of 1.18 and a debt-to-equity ratio of 0.08.

EMCOR Group (NYSE:EME - Get Free Report) last released its earnings results on Thursday, July 31st. The construction company reported $6.72 earnings per share for the quarter, beating the consensus estimate of $5.68 by $1.04. The business had revenue of $4.30 billion for the quarter, compared to the consensus estimate of $4.10 billion. EMCOR Group had a return on equity of 38.01% and a net margin of 7.07%.The business's quarterly revenue was up 17.4% compared to the same quarter last year. During the same quarter last year, the business posted $5.25 earnings per share. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 EPS. On average, sell-side analysts expect that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Dividend Announcement

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