Canopy Partners LLC Invests $342,000 in EMCOR Group, Inc. $EME

Canopy Partners LLC bought a new position in EMCOR Group, Inc. (NYSE:EME - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 640 shares of the construction company's stock, valued at approximately $342,000.

A number of other large investors have also added to or reduced their stakes in EME. BankPlus Trust Department raised its stake in shares of EMCOR Group by 200.0% during the 1st quarter. BankPlus Trust Department now owns 72 shares of the construction company's stock worth $27,000 after acquiring an additional 48 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of EMCOR Group during the first quarter worth $28,000. Hazlett Burt & Watson Inc. acquired a new position in shares of EMCOR Group during the first quarter worth $30,000. Groupe la Francaise increased its position in shares of EMCOR Group by 79.2% during the first 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. Finally, Pandora Wealth Inc. acquired a new position in shares of EMCOR Group during the first quarter worth $37,000. 92.59% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on EME shares. William Blair started coverage on EMCOR Group in a research report on Thursday, September 11th. They set an "outperform" rating on the stock. Jefferies Financial Group began coverage on shares of EMCOR Group in a report on Friday, June 27th. They set a "buy" rating on the stock. UBS Group set a $750.00 price objective on shares of EMCOR Group and gave the company a "buy" rating in a report on Tuesday, August 5th. Robert W. Baird started coverage on shares of EMCOR Group in a research note on Friday, June 27th. They set an "outperform" rating and a $560.00 price target on the stock. Finally, DA Davidson upped their price target on shares of 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, eight have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $634.67.

EMCOR Group Stock Performance

Shares of NYSE:EME opened at $673.59 on Wednesday. EMCOR Group, Inc. has a 1 year low of $320.89 and a 1 year high of $685.82. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.18 and a quick ratio of 1.15. The business's 50 day moving average price is $628.82 and its 200-day moving average price is $521.45. The firm has a market capitalization of $30.15 billion, a PE ratio of 27.95 and a beta of 1.24.

EMCOR Group (NYSE:EME - Get Free Report) last posted its quarterly earnings results 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. The firm had revenue of $4.30 billion for the quarter, compared to analyst estimates of $4.10 billion. EMCOR Group had a net margin of 7.07% and a return on equity of 38.01%. EMCOR Group's quarterly revenue was up 17.4% on a year-over-year basis. During the same period in the previous year, the business posted $5.25 earnings per share. 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 earnings per share for the current fiscal year.

EMCOR Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 30th. Shareholders of record on Wednesday, October 15th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, October 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.1%. EMCOR Group's payout ratio 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.

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