EMCOR Group, Inc. $EME Position Raised by Algert Global LLC

Key Points

• Algert Global LLC increased its stake in EMCOR Group by 103.1%, owning 22,294 shares valued at approximately $8.24 million.
• EMCOR Group reported earnings per share of $6.72 for the last quarter, exceeding estimates by $1.04, alongside a revenue of $4.30 billion.
• The company declared a quarterly dividend of $0.25 per share, representing an annual yield of 0.2%, with a payout ratio of 4.15%.

Algert Global LLC grew its holdings in EMCOR Group, Inc. (NYSE:EME - Free Report) by 103.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 22,294 shares of the construction company's stock after acquiring an additional 11,317 shares during the period. Algert Global LLC's holdings in EMCOR Group were worth $8,241,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. True Wealth Design LLC grew its holdings in EMCOR Group by 24.3% during the 4th quarter. True Wealth Design LLC now owns 133 shares of the construction company's stock worth $60,000 after acquiring an additional 26 shares in the last quarter. GeoWealth Management LLC grew its holdings in 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 in the last quarter. Continuum Advisory LLC grew its holdings in 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 in the last quarter. Alps Advisors Inc. grew its holdings in 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 in the last quarter. Finally, Allworth Financial LP grew its holdings in 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 in the last quarter. Hedge funds and other institutional investors own 92.59% of the company's stock.

Analyst Upgrades and Downgrades

EME has been the subject of several recent analyst reports. Baird R W raised shares of EMCOR Group to a "strong-buy" rating in a report on Friday, June 27th. The Goldman Sachs Group raised their price objective on shares of EMCOR Group from $384.00 to $435.00 and gave the stock a "sell" rating in a report on Tuesday, July 8th. UBS Group set a $750.00 price objective on shares of EMCOR Group and gave the stock a "buy" rating in a report on Tuesday, August 5th. William Blair started coverage on shares of EMCOR Group in a report on Friday, June 27th. They set an "outperform" rating for the company. Finally, TD Securities started coverage on shares of EMCOR Group in a report on Friday, June 27th. They issued a "buy" rating for the company. One 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 given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $594.50.

EMCOR Group Stock Performance

Shares of EME traded down $0.5080 during mid-day trading on Friday, reaching $610.3420. 219,737 shares of the company's stock traded hands, compared to its average volume of 478,829. The business's 50-day moving average price is $567.28 and its 200-day moving average price is $469.78. The stock has a market capitalization of $27.32 billion, a P/E ratio of 25.33 and a beta of 1.27. 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, Inc. has a 12 month low of $320.89 and a 12 month high of $667.64.

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 analysts' consensus estimates of $5.68 by $1.04. The company had revenue of $4.30 billion for the quarter, compared to analysts' expectations of $4.10 billion. EMCOR Group had a return on equity of 38.01% and a net margin of 7.07%.The business's revenue for the quarter was up 17.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.25 earnings per share. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 EPS. Equities analysts predict that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Announces Dividend

The firm also recently declared 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 payout ratio is 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.