EMCOR Group, Inc. $EME Shares Acquired by Liberty Capital Management Inc.

Key Points

• Liberty Capital Management Inc. enhanced its stake in EMCOR Group, Inc. by 77.6% during Q2, owning a total of 2,638 shares valued at $1,411,000 by the end of the period.
• EMCOR Group's shares were recently upgraded from a "hold" to a "strong-buy" rating by Zacks Research, with a current consensus rating of "Moderate Buy" among analysts.
• The company reported $6.72 earnings per share for the last quarter, exceeding expectations, with revenue growth of 17.4% year-over-year.

Liberty Capital Management Inc. increased its position in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 77.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,638 shares of the construction company's stock after buying an additional 1,153 shares during the period. Liberty Capital Management Inc.'s holdings in EMCOR Group were worth $1,411,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Private Trust Co. NA increased its position in shares of EMCOR Group by 28.6% during the first quarter. Private Trust Co. NA now owns 279 shares of the construction company's stock worth $103,000 after acquiring an additional 62 shares during the last quarter. Janney Montgomery Scott LLC increased its position 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 acquiring an additional 3,407 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in EMCOR Group by 146.6% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 10,700 shares of the construction company's stock worth $3,955,000 after purchasing an additional 6,361 shares during the last quarter. Fifth Third Bancorp increased its holdings in EMCOR Group by 17.5% during the 1st quarter. Fifth Third Bancorp now owns 844 shares of the construction company's stock worth $312,000 after purchasing an additional 126 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in EMCOR Group by 34.9% during the 1st quarter. GAMMA Investing LLC now owns 1,012 shares of the construction company's stock worth $374,000 after purchasing an additional 262 shares during the last quarter. Hedge funds and other institutional investors own 92.59% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on EME shares. Zacks Research upgraded shares of EMCOR Group from a "hold" rating to a "strong-buy" rating in a research note on Friday, September 12th. TD Securities initiated coverage on shares of EMCOR Group in a research report on Friday, June 27th. They issued a "buy" rating for the company. William Blair initiated coverage on shares of EMCOR Group in a research report on Thursday, September 11th. They issued an "outperform" rating for the company. The Goldman Sachs Group boosted their target price on shares of EMCOR Group from $384.00 to $435.00 and gave the stock a "sell" rating in a research report on Tuesday, July 8th. Finally, Northcoast Research lowered EMCOR Group from a "buy" rating to a "neutral" rating and set a $500.00 price objective for the company. in a report on Thursday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $594.50.

EMCOR Group Price Performance

Shares of NYSE:EME opened at $650.19 on Wednesday. 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, Inc. has a fifty-two week low of $320.89 and a fifty-two week high of $667.64. The firm has a 50-day simple moving average of $623.62 and a 200 day simple moving average of $512.15. The company has a market cap of $29.10 billion, a PE ratio of 26.98 and a beta of 1.28.

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, beating analysts' consensus estimates of $5.68 by $1.04. The business 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 company's revenue for the quarter was up 17.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $5.25 EPS. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 EPS. On average, sell-side analysts anticipate that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Tuesday, July 15th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Tuesday, July 15th. EMCOR Group's dividend payout ratio 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.

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