Credit Agricole S A Purchases 1,116 Shares of EMCOR Group, Inc. $EME

Key Points

• Credit Agricole S A increased its holdings in EMCOR Group, Inc. by 8.4%, acquiring an additional 1,116 shares to total 14,477 shares, valued at approximately $5.35 million at the end of the last quarter.
• EMCOR Group reported $6.72 EPS for its last quarter, surpassing analysts' estimates by $1.04, and achieving a 17.4% year-over-year revenue growth with total revenues of $4.30 billion.
• The company's recent quarterly dividend declared was $0.25 per share, which translates to an annual yield of 0.2%, reflecting a low dividend payout ratio of 4.15%.

Credit Agricole S A raised its position in EMCOR Group, Inc. (NYSE:EME - Free Report) by 8.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,477 shares of the construction company's stock after buying an additional 1,116 shares during the quarter. Credit Agricole S A's holdings in EMCOR Group were worth $5,351,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in EME. BankPlus Trust Department grew its holdings 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 buying an additional 48 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in EMCOR Group in the 1st quarter valued at $28,000. Hazlett Burt & Watson Inc. acquired a new position in EMCOR Group in the 1st quarter valued at $30,000. Pandora Wealth Inc. acquired a new position in EMCOR Group in the 1st quarter valued at $37,000. Finally, Continuum Advisory LLC grew its holdings in EMCOR Group by 53.7% in the 4th quarter. Continuum Advisory LLC now owns 83 shares of the construction company's stock valued at $38,000 after buying an additional 29 shares in the last quarter. 92.59% of the stock is owned by institutional investors and hedge funds.

EMCOR Group Price Performance

Shares of EME stock traded up $9.24 on Tuesday, hitting $618.40. 422,903 shares of the company's stock were exchanged, compared to its average volume of 477,610. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.18 and a quick ratio of 1.15. EMCOR Group, Inc. has a 12 month low of $320.89 and a 12 month high of $667.64. The stock has a market cap of $27.68 billion, a P/E ratio of 25.66 and a beta of 1.27. The company has a 50 day moving average of $572.39 and a 200 day moving average of $472.08.

EMCOR Group (NYSE:EME - Get Free Report) last announced 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 the consensus estimate of $4.10 billion. During the same period in the prior year, the company earned $5.25 EPS. EMCOR Group'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 predict that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Tuesday, July 15th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend 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 4.15%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. William Blair assumed coverage on EMCOR Group in a report on Friday, June 27th. They issued an "outperform" rating on the stock. Jefferies Financial Group assumed coverage on EMCOR Group in a report on Friday, June 27th. They set a "buy" rating on the stock. Baird R W raised EMCOR Group to a "strong-buy" rating in a report on Friday, June 27th. Stifel Nicolaus increased 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, Hovde Group raised EMCOR Group to a "hold" rating in a report on Friday, June 27th. One research 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 stock has a consensus rating of "Moderate Buy" and an average target price of $594.50.

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.