EMCOR Group, Inc. $EME Shares Purchased by Washington Capital Management Inc.

Key Points

• Washington Capital Management Inc. increased its stake in EMCOR Group, Inc. by 68.8%, owning 1,350 shares valued at $722,000 as of its latest SEC filing.
• EMCOR reported a quarterly earnings of $6.72 EPS which surpassed expectations, along with a revenue increase of 17.4% year-over-year, reaching $4.30 billion.
• Wall Street analysts have given EMCOR Group a consensus rating of "Moderate Buy" with a target price of $594.50, reflecting a range of recommendations from "Strong Buy" to "Sell".

Washington Capital Management Inc. increased its holdings in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 68.8% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,350 shares of the construction company's stock after acquiring an additional 550 shares during the period. Washington Capital Management Inc.'s holdings in EMCOR Group were worth $722,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC boosted its holdings in EMCOR Group by 149.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 30,268 shares of the construction company's stock worth $13,738,000 after buying an additional 18,119 shares during the last quarter. GAMMA Investing LLC boosted its holdings in EMCOR Group by 49,775.5% in the 1st quarter. GAMMA Investing LLC now owns 374,066 shares of the construction company's stock worth $138,266,000 after buying an additional 373,316 shares during the last quarter. Rothschild Investment LLC boosted its holdings in EMCOR Group by 1,568.8% in the 1st quarter. Rothschild Investment LLC now owns 267 shares of the construction company's stock worth $99,000 after buying an additional 251 shares during the last quarter. BTC Capital Management Inc. boosted its holdings in EMCOR Group by 11.8% in the 1st quarter. BTC Capital Management Inc. now owns 1,772 shares of the construction company's stock worth $655,000 after buying an additional 187 shares during the last quarter. Finally, NBC Securities Inc. boosted its holdings in EMCOR Group by 104,800.0% in the 1st quarter. NBC Securities Inc. now owns 3,147 shares of the construction company's stock worth $1,163,000 after buying an additional 3,144 shares during the last quarter. 92.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

EME has been the topic of several research analyst reports. DA Davidson lifted their price objective on EMCOR Group from $515.00 to $725.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Wall Street Zen upgraded EMCOR Group from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 2nd. The Goldman Sachs Group lifted their price objective on EMCOR Group from $384.00 to $435.00 and gave the stock a "sell" rating in a report on Tuesday, July 8th. Northcoast Research lowered shares of EMCOR Group from a "buy" rating to a "neutral" rating and set a $500.00 target price on the stock. in a research note on Thursday, August 7th. Finally, Jefferies Financial Group initiated coverage on shares of EMCOR Group in a research note on Friday, June 27th. They issued a "buy" rating on the stock. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $594.50.

EMCOR Group Trading Up 2.7%

EME opened at $641.97 on Monday. The firm has a market capitalization of $28.73 billion, a price-to-earnings ratio of 26.64 and a beta of 1.28. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.18 and a quick ratio of 1.15. The company's 50 day simple moving average is $620.23 and its two-hundred day simple moving average is $509.43. 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 released 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%. 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 earned $5.25 EPS. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 EPS. Analysts expect that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Tuesday, July 15th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Tuesday, July 15th. EMCOR Group's payout ratio is presently 4.15%.

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.

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