Catalyst Capital Advisors LLC Acquires Shares of 5,325 EMCOR Group, Inc. $EME

Key Points

• Catalyst Capital Advisors LLC has acquired 5,325 shares of EMCOR Group, Inc., valued at approximately $2.848 million, during the second quarter.
• EMCOR Group's latest quarterly earnings report showed an EPS of $6.72, exceeding analysts' expectations, with revenues up 17.4% year-over-year.
• The firm announced a quarterly dividend of $0.25 per share, payable on October 30th, reflecting a dividend yield of 0.1%.

Catalyst Capital Advisors LLC acquired a new stake in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 5,325 shares of the construction company's stock, valued at approximately $2,848,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. BankPlus Trust Department grew its holdings 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 during the period. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in EMCOR Group in the first quarter worth $28,000. Hazlett Burt & Watson Inc. purchased a new stake in EMCOR Group in the first quarter worth $30,000. Groupe la Francaise grew its stake in EMCOR Group by 79.2% in 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 during the period. Finally, Pandora Wealth Inc. purchased a new stake in shares of EMCOR Group in the 1st quarter worth about $37,000. Hedge funds and other institutional investors own 92.59% of the company's stock.

EMCOR Group Trading Up 5.1%

NYSE:EME opened at $696.79 on Friday. The company's 50 day moving average price is $643.57 and its 200-day moving average price is $545.92. EMCOR Group, Inc. has a 52 week low of $320.89 and a 52 week high of $704.09. The company has a quick ratio of 1.15, a current ratio of 1.18 and a debt-to-equity ratio of 0.08. The stock has a market cap of $31.19 billion, a price-to-earnings ratio of 28.91 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 EPS for the quarter, beating 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 firm had revenue of $4.30 billion for the quarter, compared to analysts' expectations of $4.10 billion. During the same quarter in the prior year, the company posted $5.25 earnings per share. The business'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. On average, equities research analysts forecast that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 30th. Investors of record on Wednesday, October 15th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, October 15th. This represents a $1.00 annualized dividend and a dividend yield of 0.1%. EMCOR Group's dividend payout ratio (DPR) is 4.15%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on EME shares. Zacks Research raised shares of EMCOR Group from a "hold" rating to a "strong-buy" rating in a research report on Friday, September 12th. Hovde Group raised shares of EMCOR Group to a "hold" rating in a research note on Friday, June 27th. William Blair assumed coverage on shares of EMCOR Group in a research note on Thursday, September 11th. They set an "outperform" rating for the company. 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 on the stock. Finally, Baird R W upgraded EMCOR Group to a "strong-buy" rating in a research note on Friday, June 27th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, EMCOR Group currently has an average rating of "Moderate Buy" and a consensus target price of $654.83.

About EMCOR Group

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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