EMCOR Group, Inc. $EME Position Increased by Vident Advisory LLC

Key Points

• Vident Advisory LLC increased its stake in EMCOR Group by 4.9% during the first quarter, now holding 13,305 shares valued at approximately $4.92 million.
• EMCOR Group reported a quarterly earnings per share of $6.72, surpassing analysts' expectations of $5.68, with a year-over-year revenue increase of 17.4%.
• The company announced a quarterly dividend of $0.25, reflecting a yearly dividend yield of 0.2% and a payout ratio of 4.15%.

Vident Advisory LLC lifted its position in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 4.9% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 13,305 shares of the construction company's stock after acquiring an additional 619 shares during the period. Vident Advisory LLC's holdings in EMCOR Group were worth $4,918,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. BankPlus Trust Department grew its position in shares of EMCOR Group by 200.0% during the first 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. bought a new position in shares of EMCOR Group during the first quarter worth about $28,000. Hazlett Burt & Watson Inc. bought a new position in shares of EMCOR Group during the first quarter worth about $30,000. Groupe la Francaise grew its position in shares of 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 acquiring an additional 38 shares during the last quarter. Finally, Pandora Wealth Inc. bought a new position in shares of EMCOR Group during the first quarter worth about $37,000. Institutional investors own 92.59% of the company's stock.

EMCOR Group Price Performance

Shares of NYSE:EME traded up $11.55 during trading hours on Thursday, hitting $638.83. 145,096 shares of the company's stock traded hands, compared to its average volume of 471,225. EMCOR Group, Inc. has a 52 week low of $320.89 and a 52 week high of $667.64. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.15 and a current ratio of 1.18. The company's fifty day simple moving average is $590.91 and its two-hundred day simple moving average is $480.48. The company has a market cap of $28.59 billion, a price-to-earnings ratio of 26.51 and a beta of 1.28.

EMCOR Group (NYSE:EME - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The construction company reported $6.72 earnings per share for the quarter, beating the consensus estimate of $5.68 by $1.04. EMCOR Group had a net margin of 7.07% and a return on equity of 38.01%. The company had revenue of $4.30 billion during the quarter, compared to analyst estimates of $4.10 billion. During the same quarter last year, the firm posted $5.25 EPS. The business's revenue for the quarter was up 17.4% on a year-over-year basis. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 EPS. As a group, equities analysts anticipate that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date was Tuesday, July 15th. This represents a $1.00 annualized dividend and a dividend yield of 0.2%. EMCOR Group's dividend payout ratio (DPR) is 4.15%.

Analyst Ratings Changes

Several equities analysts have recently commented on EME shares. Robert W. Baird started coverage on shares of EMCOR Group in a research report on Friday, June 27th. They set an "outperform" rating and a $560.00 price target for the company. Northcoast Research lowered shares of EMCOR Group from a "buy" rating to a "neutral" rating and set a $500.00 target price for the company. in a research report on Thursday, August 7th. DA Davidson increased their target price on shares of EMCOR Group from $515.00 to $725.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Wall Street Zen upgraded shares of EMCOR Group from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 2nd. Finally, Stifel Nicolaus increased their target price on shares of EMCOR Group from $503.00 to $597.00 and gave the company a "buy" rating in a research report on Friday, July 11th. One research 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 issued a Sell rating to the company's stock. According to MarketBeat.com, EMCOR Group has an average rating of "Moderate Buy" and a consensus target price 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.