Denali Advisors LLC Makes New Investment in EMCOR Group, Inc. $EME

Key Points

• Denali Advisors LLC has acquired 500 shares of EMCOR Group, Inc. valued at approximately $267,000 in the second quarter, marking a new investment in the construction company.
• EMCOR Group reported a 17.4% year-over-year revenue increase and beat earnings expectations with an EPS of $6.72 for the last quarter, compared to the consensus estimate of $5.68.
• The company announced a quarterly dividend of $0.25 per share, to be paid on October 30th, with an annualized yield of 0.1% and a payout ratio of 4.15%.

Denali Advisors LLC purchased a new position in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 500 shares of the construction company's stock, valued at approximately $267,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cookson Peirce & Co. Inc. acquired a new stake in EMCOR Group during the second quarter worth about $31,669,000. Cullen Frost Bankers Inc. boosted its position in shares of EMCOR Group by 66.1% in the second quarter. Cullen Frost Bankers Inc. now owns 392 shares of the construction company's stock worth $210,000 after buying an additional 156 shares during the period. Legacy Wealth Asset Management LLC boosted its position in shares of EMCOR Group by 5.2% in the second quarter. Legacy Wealth Asset Management LLC now owns 894 shares of the construction company's stock worth $478,000 after buying an additional 44 shares during the period. Klingman & Associates LLC purchased a new stake in shares of EMCOR Group in the second quarter worth about $324,000. Finally, DekaBank Deutsche Girozentrale boosted its position in shares of EMCOR Group by 4.2% in the second quarter. DekaBank Deutsche Girozentrale now owns 11,662 shares of the construction company's stock worth $6,206,000 after buying an additional 465 shares during the period. 92.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on EME. Stifel Nicolaus upped their target price on EMCOR Group from $692.00 to $718.00 and gave the stock a "buy" rating in a research report on Monday, October 13th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of EMCOR Group in a research report on Wednesday, October 8th. TD Securities began coverage on EMCOR Group in a research report on Friday, June 27th. They issued a "buy" rating for the company. Baird R W raised EMCOR Group to a "strong-buy" rating in a research report on Friday, June 27th. Finally, Robert W. Baird began coverage on EMCOR Group in a research report on Friday, June 27th. They issued an "outperform" rating and a $560.00 target price for the company. Two 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. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $654.83.

EMCOR Group Trading Up 5.1%

Shares of EME opened at $696.79 on Friday. The company has a market capitalization of $31.19 billion, a P/E ratio of 28.91 and a beta of 1.24. EMCOR Group, Inc. has a one year low of $320.89 and a one year high of $704.09. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.15 and a current ratio of 1.18. The stock has a 50-day moving average price of $643.57 and a 200 day moving average price of $545.92.

EMCOR Group (NYSE:EME - Get Free Report) last issued 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. The firm had revenue of $4.30 billion during the quarter, compared to the consensus estimate of $4.10 billion. EMCOR Group had a return on equity of 38.01% and a net margin of 7.07%.EMCOR Group's revenue for the quarter was up 17.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $5.25 earnings per share. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 EPS. Sell-side analysts forecast that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Dividend Announcement

The company 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 is Wednesday, October 15th. This represents a $1.00 annualized dividend and a yield of 0.1%. EMCOR Group's dividend payout ratio 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.