5,346 Shares in EMCOR Group, Inc. $EME Purchased by DRW Securities LLC

Key Points

• DRW Securities LLC has purchased 5,346 shares of EMCOR Group, Inc. for approximately $1.976 million, marking a new investment position in the construction company.
• EMCOR Group recently reported a strong quarterly earnings result, with an EPS of $6.72, surpassing analysts' expectations of $5.68, and revenue of $4.30 billion for the quarter.
• The company announced a quarterly dividend of $0.25, translating to an annualized amount of $1.00, with a dividend yield of 0.2% and a payout ratio of 4.15%.

DRW Securities LLC bought a new stake in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund bought 5,346 shares of the construction company's stock, valued at approximately $1,976,000.

Several other large investors also recently added to or reduced their stakes in EME. BankPlus Trust Department raised its stake in EMCOR Group by 200.0% during the 1st quarter. BankPlus Trust Department now owns 72 shares of the construction company's stock valued at $27,000 after purchasing an additional 48 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in EMCOR Group during the 1st quarter valued at $28,000. Hazlett Burt & Watson Inc. purchased a new position in shares of EMCOR Group during the 1st quarter valued at $30,000. Groupe la Francaise grew its holdings in shares of EMCOR Group by 79.2% during the 1st quarter. Groupe la Francaise now owns 86 shares of the construction company's stock valued at $33,000 after acquiring an additional 38 shares in the last quarter. Finally, Pandora Wealth Inc. purchased a new stake in shares of EMCOR Group during the first quarter worth $37,000. 92.59% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on EME shares. DA Davidson lifted their price objective on EMCOR Group from $515.00 to $725.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Northcoast Research downgraded shares of 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. Hovde Group upgraded EMCOR Group to a "hold" rating in a research note on Friday, June 27th. Stifel Nicolaus raised their price target on shares of EMCOR Group from $503.00 to $597.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. Finally, UBS Group set a $750.00 price target on shares of EMCOR Group and gave the stock a "buy" rating in a research report on Tuesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, EMCOR Group currently has an average rating of "Moderate Buy" and an average price target of $594.50.

EMCOR Group Price Performance

Shares of NYSE:EME traded up $13.47 during midday trading on Thursday, reaching $640.75. 173,237 shares of the company's stock were exchanged, compared to its average volume of 471,257. The company's 50 day simple moving average is $590.91 and its two-hundred day simple moving average is $480.48. The firm has a market capitalization of $28.68 billion, a PE ratio of 26.59 and a beta of 1.28. EMCOR Group, Inc. has a 12 month low of $320.89 and a 12 month high of $667.64. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.15 and a current ratio of 1.18.

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

EMCOR Group Announces Dividend

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

EMCOR Group 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.