American Century Companies Inc. Increases Holdings in EMCOR Group, Inc. $EME

Key Points

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American Century Companies Inc. raised its holdings in EMCOR Group, Inc. (NYSE:EME - Free Report) by 16.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 249,373 shares of the construction company's stock after purchasing an additional 35,426 shares during the quarter. American Century Companies Inc. owned 0.56% of EMCOR Group worth $92,176,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. True Wealth Design LLC grew its stake in EMCOR Group by 24.3% in the 4th quarter. True Wealth Design LLC now owns 133 shares of the construction company's stock valued at $60,000 after purchasing an additional 26 shares during the period. GeoWealth Management LLC grew its stake in shares of EMCOR Group by 12.4% during the 4th quarter. GeoWealth Management LLC now owns 253 shares of the construction company's stock worth $115,000 after acquiring an additional 28 shares during the period. Continuum Advisory LLC grew its stake in shares of EMCOR Group by 53.7% during the 4th quarter. Continuum Advisory LLC now owns 83 shares of the construction company's stock worth $38,000 after acquiring an additional 29 shares during the period. Alps Advisors Inc. grew its stake in shares of EMCOR Group by 3.4% during the 1st quarter. Alps Advisors Inc. now owns 908 shares of the construction company's stock worth $336,000 after acquiring an additional 30 shares during the period. Finally, Allworth Financial LP grew its stake in shares of EMCOR Group by 17.9% during the 1st quarter. Allworth Financial LP now owns 217 shares of the construction company's stock worth $87,000 after acquiring an additional 33 shares during the period. Institutional investors own 92.59% of the company's stock.

Analyst Upgrades and Downgrades

EME has been the subject of several research reports. TD Securities initiated coverage on EMCOR Group in a research note on Friday, June 27th. They set a "buy" rating for the company. Jefferies Financial Group assumed coverage on EMCOR Group in a research note on Friday, June 27th. They issued a "buy" rating for the company. Wall Street Zen upgraded EMCOR Group from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 2nd. UBS Group set a $750.00 target price on EMCOR Group and gave the stock a "buy" rating in a research note on Tuesday, August 5th. Finally, The Goldman Sachs Group raised their target price on EMCOR Group from $384.00 to $435.00 and gave the stock a "sell" rating in a research note on Tuesday, July 8th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $594.50.

EMCOR Group Price Performance

Shares of NYSE:EME traded down $0.5080 on Friday, hitting $610.3420. The company's stock had a trading volume of 166,227 shares, compared to its average volume of 478,764. The company has a 50-day simple moving average of $567.28 and a 200 day simple moving average of $469.78. EMCOR Group, Inc. has a 1 year low of $320.89 and a 1 year high of $667.64. The company has a market capitalization of $27.32 billion, a PE ratio of 25.33 and a beta of 1.27. 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 (NYSE:EME - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The construction company reported $6.72 earnings per share for the quarter, beating 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 firm had revenue of $4.30 billion for the quarter, compared to analysts' expectations of $4.10 billion. During the same quarter last year, the firm posted $5.25 EPS. The company'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. Sell-side analysts forecast that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Tuesday, July 15th were issued a $0.25 dividend. 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 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.