EMCOR Group, Inc. $EME Shares Purchased by Voya Investment Management LLC

Key Points

• Voya Investment Management LLC increased its stake in EMCOR Group by 23.5%, acquiring an additional 6,244 shares, bringing its total to 32,864 shares valued at approximately $12 million.
• Several other institutional investors significantly boosted their holdings in EMCOR Group, with Pacer Advisors increasing its stake by 3,878.2% and GAMMA Investing by 49,775.5%, highlighting strong interest from the investment community.
• EMCOR Group reported impressive earnings, with $6.72 earnings per share in its latest quarter, surpassing estimates and indicating a robust 17.4% revenue increase year-over-year.

Voya Investment Management LLC lifted its position in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 23.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 32,864 shares of the construction company's stock after purchasing an additional 6,244 shares during the period. Voya Investment Management LLC owned about 0.07% of EMCOR Group worth $12,148,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. BankPlus Trust Department increased its position in EMCOR Group by 200.0% in the 1st quarter. BankPlus Trust Department now owns 72 shares of the construction company's stock valued at $27,000 after acquiring an additional 48 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new position in EMCOR Group in the 1st quarter valued at about $28,000. Hazlett Burt & Watson Inc. acquired a new position in EMCOR Group in the 1st quarter valued at about $30,000. Groupe la Francaise increased its position in EMCOR Group by 79.2% in 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 during the period. Finally, Pandora Wealth Inc. acquired a new position in EMCOR Group in the 1st quarter valued at about $37,000. Institutional investors and hedge funds own 92.59% of the company's stock.

EMCOR Group Trading Up 0.8%

Shares of EME stock traded up $4.91 on Friday, reaching $633.83. 10,504,955 shares of the stock were exchanged, compared to its average volume of 420,380. The stock has a market cap of $28.37 billion, a P/E ratio of 26.30 and a beta of 1.28. The company has a quick ratio of 1.15, a current ratio of 1.18 and a debt-to-equity ratio of 0.08. The firm has a 50 day moving average of $612.05 and a two-hundred day moving average of $498.53. EMCOR Group, Inc. has a 1-year low of $320.89 and a 1-year high of $667.64.

EMCOR Group (NYSE:EME - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The construction company reported $6.72 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $4.10 billion. During the same period in the prior year, the firm earned $5.25 EPS. The firm's quarterly 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. On average, research analysts anticipate that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Tuesday, July 15th were given a $0.25 dividend. 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 presently 4.15%.

Analyst Ratings Changes

EME has been the topic of several recent research reports. Jefferies Financial Group started coverage on EMCOR Group in a research report on Friday, June 27th. They issued a "buy" rating on the stock. DA Davidson lifted their price objective on EMCOR Group from $515.00 to $725.00 and gave the company a "buy" rating in a report on Friday, August 1st. Robert W. Baird started coverage on EMCOR Group in a report on Friday, June 27th. They issued an "outperform" rating and a $560.00 price objective on the stock. Northcoast Research lowered EMCOR Group from a "buy" rating to a "neutral" rating and set a $500.00 price objective on the stock. in a report on Thursday, August 7th. Finally, Hovde Group raised EMCOR Group to a "hold" rating in a report on Friday, June 27th. Two investment analysts have 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, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $594.50.

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.