Jones Financial Companies Lllp Increases Stock Position in EMCOR Group, Inc. $EME

Key Points

• Jones Financial Companies Lllp significantly increased its stake in EMCOR Group, Inc. by an astonishing 56,287.8%, owning 286,450 shares valued at approximately $105.9 million.
• EMCOR Group's stock recently reported a quarterly earnings per share of $6.72, exceeding estimates, with revenues reaching $4.30 billion—up 17.4% year-over-year.
• Shares of EMCOR Group currently have an average target price of $594.50, with a notable majority of analysts rating the stock as a "Moderate Buy."

Jones Financial Companies Lllp increased its position in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 56,287.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 286,450 shares of the construction company's stock after purchasing an additional 285,942 shares during the period. Jones Financial Companies Lllp owned 0.64% of EMCOR Group worth $105,881,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BankPlus Trust Department lifted its holdings in shares of EMCOR Group by 200.0% in the 1st quarter. BankPlus Trust Department now owns 72 shares of the construction company's stock worth $27,000 after acquiring an additional 48 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in EMCOR Group during the first quarter worth approximately $28,000. Hazlett Burt & Watson Inc. acquired a new position in shares of EMCOR Group in the 1st quarter valued at $30,000. Continuum Advisory LLC grew its holdings in shares of EMCOR Group by 53.7% during the fourth quarter. Continuum Advisory LLC now owns 83 shares of the construction company's stock worth $38,000 after purchasing an additional 29 shares during the last quarter. Finally, Groupe la Francaise increased its position in EMCOR Group by 79.2% during the first quarter. Groupe la Francaise now owns 86 shares of the construction company's stock worth $33,000 after buying an additional 38 shares during the period. Hedge funds and other institutional investors own 92.59% of the company's stock.

EMCOR Group Trading Up 1.9%

Shares of NYSE:EME traded up $11.64 during trading on Wednesday, reaching $634.67. 767,691 shares of the stock were exchanged, compared to its average volume of 316,525. 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. The firm has a market cap of $28.41 billion, a price-to-earnings ratio of 25.69 and a beta of 1.28. The firm's 50-day moving average price is $600.83 and its 200 day moving average price is $487.55.

EMCOR Group (NYSE:EME - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The construction company reported $6.72 EPS for the quarter, beating the consensus estimate of $5.68 by $1.04. The firm had revenue of $4.30 billion for the quarter, compared to analyst estimates of $4.10 billion. EMCOR Group had a net margin of 7.07% and a return on equity of 38.01%. EMCOR Group's revenue for the quarter was up 17.4% compared to the same quarter last year. During the same quarter last year, the firm posted $5.25 earnings per share. 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 earnings per share for the current fiscal year.

EMCOR Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Tuesday, July 15th were given 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 of this dividend was Tuesday, July 15th. EMCOR Group's dividend payout ratio is 4.15%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on EME shares. Robert W. Baird assumed coverage on EMCOR Group in a research note on Friday, June 27th. They set an "outperform" rating and a $560.00 price target for the company. Hovde Group raised EMCOR Group to a "hold" rating in a report on Friday, June 27th. Baird R W raised EMCOR Group to a "strong-buy" rating in a research note on Friday, June 27th. DA Davidson raised their price target on shares of EMCOR Group from $515.00 to $725.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Finally, Wall Street Zen upgraded EMCOR Group from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 2nd. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $594.50.

EMCOR Group Company 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.