Cim LLC Purchases 20,530 Shares of EMCOR Group, Inc. $EME

Key Points

• Cim LLC increased its stake in EMCOR Group, Inc. by 681.8%, acquiring an additional 20,530 shares, bringing its total to 23,541 shares, which now represents approximately 1.3% of Cim LLC's holdings.
• EMCOR Group reported a quarterly EPS of $6.72, exceeding analysts' expectations by $1.04, and achieved a revenue of $4.30 billion, which is a 17.4% increase compared to the same quarter last year.
• Analysts have set new price targets for EMCOR Group, with a consensus target price of $594.50, reflecting a mix of ratings including one Strong Buy and several Buy ratings from various research firms.

Cim LLC lifted its stake in EMCOR Group, Inc. (NYSE:EME - Free Report) by 681.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,541 shares of the construction company's stock after purchasing an additional 20,530 shares during the quarter. EMCOR Group accounts for 1.3% of Cim LLC's portfolio, making the stock its 26th largest position. Cim LLC owned about 0.05% of EMCOR Group worth $8,701,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Strs Ohio purchased a new stake in shares of EMCOR Group in the first quarter worth approximately $7,338,000. Geneos Wealth Management Inc. lifted its position in shares of EMCOR Group by 93.0% in the first quarter. Geneos Wealth Management Inc. now owns 220 shares of the construction company's stock worth $81,000 after purchasing an additional 106 shares in the last quarter. Belpointe Asset Management LLC purchased a new stake in shares of EMCOR Group in the first quarter worth approximately $277,000. Focus Partners Wealth lifted its position in shares of EMCOR Group by 36.5% in the first quarter. Focus Partners Wealth now owns 9,318 shares of the construction company's stock worth $3,444,000 after purchasing an additional 2,491 shares in the last quarter. Finally, Bayforest Capital Ltd lifted its position in shares of EMCOR Group by 92.3% in the first quarter. Bayforest Capital Ltd now owns 2,265 shares of the construction company's stock worth $837,000 after purchasing an additional 1,087 shares in the last quarter. 92.59% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on EME. TD Securities began coverage on EMCOR Group in a report on Friday, June 27th. They issued a "buy" rating on the stock. Stifel Nicolaus increased their price objective on EMCOR Group from $503.00 to $597.00 and gave the stock a "buy" rating in a report on Friday, July 11th. DA Davidson increased their price objective on EMCOR Group from $515.00 to $725.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Northcoast Research lowered EMCOR Group from a "buy" rating to a "neutral" rating and set a $500.00 target price on the stock. in a report on Thursday, August 7th. Finally, Zacks Research raised EMCOR Group from a "hold" rating to a "strong-buy" rating in a research report on Friday, September 12th. Two research analysts have 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 company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $594.50.

EMCOR Group Stock Performance

EME stock traded up $0.05 during mid-day trading on Wednesday, reaching $619.04. 119,967 shares of the stock traded hands, compared to its average volume of 473,912. The firm has a market capitalization of $27.71 billion, a PE ratio of 25.64 and a beta of 1.28. The business has a 50-day moving average of $607.46 and a two-hundred day moving average of $494.38. EMCOR Group, Inc. has a 52 week low of $320.89 and a 52 week 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 posted its quarterly earnings data on Thursday, July 31st. The construction company reported $6.72 earnings per share for the quarter, topping the consensus estimate of $5.68 by $1.04. EMCOR Group had a return on equity of 38.01% and a net margin of 7.07%.The business had revenue of $4.30 billion during the quarter, compared to analysts' expectations of $4.10 billion. During the same quarter in the previous year, the firm earned $5.25 EPS. The firm'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 predict that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Announces Dividend

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

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.