EMCOR Group, Inc. $EME Shares Purchased by Empowered Funds LLC

Key Points

• Empowered Funds LLC increased its stake in EMCOR Group, Inc. by 134.3% during the first quarter, owning approximately 53,142 shares worth about $19.64 million at the end of the period.
• EMCOR Group reported $6.72 EPS for the last quarter, surpassing analysts' expectations of $5.68, and projected FY 2025 EPS guidance between $24.500 and $25.750.
• The company declared a quarterly dividend of $0.25 per share, with an annualized dividend yield of 0.2% and a payout ratio of 4.15%.

Empowered Funds LLC boosted its stake in EMCOR Group, Inc. (NYSE:EME - Free Report) by 134.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 53,142 shares of the construction company's stock after buying an additional 30,460 shares during the period. Empowered Funds LLC owned approximately 0.12% of EMCOR Group worth $19,643,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Select Equity Group L.P. raised its holdings in EMCOR Group by 1.6% in the 4th quarter. Select Equity Group L.P. now owns 1,064,003 shares of the construction company's stock valued at $482,951,000 after buying an additional 16,563 shares during the period. AQR Capital Management LLC raised its holdings in EMCOR Group by 43.6% in the 1st quarter. AQR Capital Management LLC now owns 703,456 shares of the construction company's stock valued at $253,065,000 after buying an additional 213,631 shares during the period. Northern Trust Corp raised its holdings in EMCOR Group by 3.7% in the 1st quarter. Northern Trust Corp now owns 571,487 shares of the construction company's stock valued at $211,239,000 after buying an additional 20,604 shares during the period. Pacer Advisors Inc. raised its holdings in EMCOR Group by 3,878.2% in the 1st quarter. Pacer Advisors Inc. now owns 534,585 shares of the construction company's stock valued at $197,599,000 after buying an additional 521,147 shares during the period. Finally, Burgundy Asset Management Ltd. raised its holdings in EMCOR Group by 6.9% in the 1st quarter. Burgundy Asset Management Ltd. now owns 515,522 shares of the construction company's stock valued at $190,552,000 after buying an additional 33,069 shares during the period. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have issued reports on EME shares. William Blair started coverage on shares of EMCOR Group in a research note on Thursday. They set an "outperform" rating on the stock. DA Davidson boosted 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. Jefferies Financial Group started coverage on shares of EMCOR Group in a research note on Friday, June 27th. They set a "buy" rating on the stock. Northcoast Research lowered shares of EMCOR Group from a "buy" rating to a "neutral" rating and set a $500.00 price target on the stock. in a research note on Thursday, August 7th. Finally, Robert W. Baird started coverage on shares of EMCOR Group in a research note on Friday, June 27th. They set an "outperform" rating and a $560.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $594.50.

EMCOR Group Stock Up 0.9%

Shares of EMCOR Group stock traded up $5.96 on Thursday, reaching $640.36. 666,563 shares of the company were exchanged, compared to its average volume of 336,711. EMCOR Group, Inc. has a 1-year low of $320.89 and a 1-year high of $667.64. The company has a market cap of $28.67 billion, a P/E ratio of 26.57 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 stock's 50 day moving average price is $602.71 and its 200-day moving average price is $489.27.

EMCOR Group (NYSE:EME - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The construction company reported $6.72 EPS for the quarter, topping analysts' consensus estimates of $5.68 by $1.04. EMCOR Group had a return on equity of 38.01% and a net margin of 7.07%.The business had revenue of $4.30 billion during the quarter, compared to the consensus estimate of $4.10 billion. During the same period in the previous year, the company posted $5.25 earnings per share. 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 forecast that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Announces Dividend

The business 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 of this dividend was Tuesday, July 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.2%. EMCOR Group's payout ratio is currently 4.15%.

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.