EMCOR Group, Inc. $EME Stock Holdings Increased by Mitchell Capital Management Co.

Key Points

• Mitchell Capital Management Co. increased its holdings in EMCOR Group, Inc. by 67.5%, now owning 16,503 shares valued at approximately $9.33 million.
• The company recently reported earnings of $6.72 per share, surpassing analysts' expectations and showing a 17.4% year-over-year revenue growth.
• EMCOR Group's quarterly dividend of $0.25 per share will be paid on October 30th, representing an annualized yield of 0.2%.

Mitchell Capital Management Co. boosted its holdings in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 67.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,503 shares of the construction company's stock after purchasing an additional 6,649 shares during the period. EMCOR Group makes up approximately 1.7% of Mitchell Capital Management Co.'s holdings, making the stock its 11th biggest position. Mitchell Capital Management Co.'s holdings in EMCOR Group were worth $9,333,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. BankPlus Trust Department lifted its stake in EMCOR Group by 200.0% during the first quarter. BankPlus Trust Department now owns 72 shares of the construction company's stock valued at $27,000 after purchasing an additional 48 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in EMCOR Group during the first quarter valued at approximately $28,000. Hazlett Burt & Watson Inc. acquired a new stake in EMCOR Group during the first quarter valued at approximately $30,000. Groupe la Francaise lifted its stake in EMCOR Group by 79.2% during the first quarter. Groupe la Francaise now owns 86 shares of the construction company's stock valued at $33,000 after purchasing an additional 38 shares during the last quarter. Finally, Pandora Wealth Inc. acquired a new stake in EMCOR Group during the first quarter valued at approximately $37,000. 92.59% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on EME shares. Robert W. Baird assumed coverage on shares of EMCOR Group in a research note on Friday, June 27th. They set an "outperform" rating and a $560.00 target price for the company. Zacks Research upgraded shares of EMCOR Group from a "hold" rating to a "strong-buy" rating in a research report on Friday, September 12th. Northcoast Research cut shares of EMCOR Group from a "buy" rating to a "neutral" rating and set a $500.00 price objective on the stock. in a research report on Thursday, August 7th. Hovde Group raised shares of EMCOR Group to a "hold" rating in a research note on Friday, June 27th. Finally, DA Davidson raised their target price on EMCOR Group from $515.00 to $725.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $634.67.

EMCOR Group Trading Down 2.5%

Shares of NYSE:EME opened at $663.92 on Monday. The firm has a fifty day moving average of $631.80 and a two-hundred day moving average of $528.20. The company has a quick ratio of 1.15, a current ratio of 1.18 and a debt-to-equity ratio of 0.08. EMCOR Group, Inc. has a 12-month low of $320.89 and a 12-month high of $697.91. The firm has a market capitalization of $29.72 billion, a P/E ratio of 27.55 and a beta of 1.24.

EMCOR Group (NYSE:EME - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The construction company reported $6.72 earnings per share for the quarter, topping analysts' consensus estimates of $5.68 by $1.04. The business had revenue of $4.30 billion for the quarter, compared to the consensus estimate 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 period in the prior year, the business posted $5.25 earnings per share. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 EPS. On average, equities 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 will be paid on Thursday, October 30th. Stockholders of record on Wednesday, October 15th will be issued 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 is Wednesday, October 15th. EMCOR Group's payout ratio is currently 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.

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