Everstar Asset Management LLC Takes $1.43 Million Position in EMCOR Group, Inc. $EME

Key Points

• Everstar Asset Management LLC has acquired a new stake in EMCOR Group, Inc., purchasing 3,855 shares valued at approximately $1.425 million during the first quarter.
• EMCOR Group reported earnings of $6.72 per share for the last quarter, exceeding estimates of $5.68, with a 17.4% year-over-year revenue increase to $4.30 billion.
• The company recently announced a quarterly dividend of $0.25 per share, reflecting an annualized dividend yield of 0.2%.

Everstar Asset Management LLC acquired a new stake in EMCOR Group, Inc. (NYSE:EME - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The fund acquired 3,855 shares of the construction company's stock, valued at approximately $1,425,000.

Several other institutional investors and hedge funds have also modified their holdings of EME. Captrust Financial Advisors grew its position in shares of EMCOR Group by 34.0% in the 4th quarter. Captrust Financial Advisors now owns 7,596 shares of the construction company's stock valued at $3,448,000 after purchasing an additional 1,926 shares during the period. Cetera Investment Advisers grew its position in shares of EMCOR Group by 6.1% in the 4th quarter. Cetera Investment Advisers now owns 29,757 shares of the construction company's stock valued at $13,507,000 after purchasing an additional 1,721 shares during the period. Crestline Management LP acquired a new position in shares of EMCOR Group in the 4th quarter valued at approximately $407,000. EP Wealth Advisors LLC acquired a new position in shares of EMCOR Group in the 4th quarter valued at approximately $202,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its position in shares of EMCOR Group by 301.1% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,182 shares of the construction company's stock valued at $990,000 after purchasing an additional 1,638 shares during the period. 92.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on EME shares. TD Securities started coverage on EMCOR Group in a report on Friday, June 27th. They set a "buy" rating for the company. Robert W. Baird started coverage on EMCOR Group in a report on Friday, June 27th. They set an "outperform" rating and a $560.00 price objective for the company. Baird R W upgraded EMCOR Group to a "strong-buy" rating in a report on Friday, June 27th. UBS Group set a $750.00 price objective on EMCOR Group and gave the stock a "buy" rating in a report on Tuesday, August 5th. Finally, DA Davidson increased 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. 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 assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $594.50.

EMCOR Group Stock Down 1.6%

EME stock traded down $10.21 during mid-day trading on Friday, reaching $629.79. The company had a trading volume of 455,231 shares, compared to its average volume of 358,082. 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 has a 50 day simple moving average of $604.37 and a two-hundred day simple moving average of $491.35. The company has a market capitalization of $28.19 billion, a price-to-earnings ratio of 26.13 and a beta of 1.28. EMCOR Group, Inc. has a 52 week low of $320.89 and a 52 week high of $667.64.

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, beating analysts' consensus estimates of $5.68 by $1.04. The firm had revenue of $4.30 billion during the quarter, compared to the consensus estimate of $4.10 billion. EMCOR Group had a return on equity of 38.01% and a net margin of 7.07%.The business's revenue was up 17.4% compared to the same quarter last year. During the same period last year, the company earned $5.25 earnings per share. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 EPS. As a group, equities analysts predict that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Tuesday, July 15th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Tuesday, July 15th. EMCOR Group's dividend payout ratio (DPR) is currently 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.