Cigna Investments Inc. New Acquires Shares of 438 EMCOR Group, Inc. $EME

Key Points

• Cigna Investments Inc. has acquired 438 shares of EMCOR Group, valued at approximately $234,000, during the second quarter, according to their Form 13F filing with the SEC.
• EMCOR Group reported a strong quarterly performance, exceeding analysts' EPS estimates by $1.04, with revenue reaching $4.30 billion, a 17.4% increase year-over-year.
• The company declared a quarterly dividend of $0.25, reflecting an annualized yield of 0.2%, with a total dividend payout ratio of 4.15%.

Cigna Investments Inc. New bought a new stake in EMCOR Group, Inc. (NYSE:EME - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 438 shares of the construction company's stock, valued at approximately $234,000.

Other large investors have also made changes to their positions in the company. Private Trust Co. NA lifted its position in EMCOR Group by 28.6% during the 1st quarter. Private Trust Co. NA now owns 279 shares of the construction company's stock valued at $103,000 after purchasing an additional 62 shares during the period. Janney Montgomery Scott LLC raised its stake in shares of EMCOR Group by 20.8% during the first quarter. Janney Montgomery Scott LLC now owns 19,796 shares of the construction company's stock worth $7,317,000 after buying an additional 3,407 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in shares of EMCOR Group by 146.6% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 10,700 shares of the construction company's stock worth $3,955,000 after buying an additional 6,361 shares during the last quarter. Fifth Third Bancorp lifted its holdings in EMCOR Group by 17.5% in the first quarter. Fifth Third Bancorp now owns 844 shares of the construction company's stock valued at $312,000 after buying an additional 126 shares during the period. Finally, GAMMA Investing LLC boosted its stake in EMCOR Group by 34.9% in the first quarter. GAMMA Investing LLC now owns 1,012 shares of the construction company's stock valued at $374,000 after acquiring an additional 262 shares during the last quarter. Institutional investors and hedge funds own 92.59% of the company's stock.

EMCOR Group Stock Down 0.1%

NYSE:EME opened at $625.91 on Friday. EMCOR Group, Inc. has a 1 year low of $320.89 and a 1 year high of $667.64. The stock has a 50-day moving average price of $618.70 and a two-hundred day moving average price of $505.76. The stock has a market cap of $28.02 billion, a price-to-earnings ratio of 25.97 and a beta of 1.28. The company has a current ratio of 1.18, a quick ratio of 1.15 and a debt-to-equity ratio of 0.08.

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

EMCOR Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Tuesday, July 15th were issued 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 is 4.15%.

Analyst Upgrades and Downgrades

EME has been the subject of several recent research reports. UBS Group set a $750.00 target price on shares of EMCOR Group and gave the company a "buy" rating in a research report on Tuesday, August 5th. Wall Street Zen raised EMCOR Group from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 2nd. Baird R W raised EMCOR Group to a "strong-buy" rating in a research note on Friday, June 27th. Stifel Nicolaus raised their target price on EMCOR Group from $503.00 to $597.00 and gave the stock a "buy" rating in a report on Friday, July 11th. Finally, William Blair began coverage on EMCOR Group in a research note on Thursday, September 11th. They issued an "outperform" rating for the company. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, EMCOR Group currently has a consensus rating of "Moderate Buy" and an average target price of $594.50.

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.

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