Focus Partners Wealth Buys 2,491 Shares of EMCOR Group, Inc. $EME

Key Points

• Focus Partners Wealth increased its stake in EMCOR Group, Inc. by 36.5% during the 1st quarter, now owning 9,318 shares worth approximately $3.44 million.
• EMCOR Group recently reported an earnings per share (EPS) of $6.72 for the last quarter, exceeding analysts' expectations by $1.04.
• The firm announced a quarterly dividend of $0.25 per share, reflecting an annualized yield of 0.2%.

Focus Partners Wealth lifted its position in EMCOR Group, Inc. (NYSE:EME - Free Report) by 36.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,318 shares of the construction company's stock after purchasing an additional 2,491 shares during the quarter. Focus Partners Wealth's holdings in EMCOR Group were worth $3,444,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in EME. Bayforest Capital Ltd increased its stake in EMCOR Group by 92.3% in the first quarter. Bayforest Capital Ltd now owns 2,265 shares of the construction company's stock valued at $837,000 after acquiring an additional 1,087 shares during the last quarter. Empowered Funds LLC increased its stake in EMCOR Group by 134.3% in the first quarter. Empowered Funds LLC now owns 53,142 shares of the construction company's stock valued at $19,643,000 after acquiring an additional 30,460 shares during the last quarter. United Services Automobile Association bought a new position in EMCOR Group in the first quarter valued at $1,083,000. Canada Post Corp Registered Pension Plan bought a new position in EMCOR Group in the first quarter valued at $571,000. Finally, Great Lakes Advisors LLC increased its stake in EMCOR Group by 32.3% in the first quarter. Great Lakes Advisors LLC now owns 590 shares of the construction company's stock valued at $218,000 after acquiring an additional 144 shares during the last quarter. Institutional investors own 92.59% of the company's stock.

EMCOR Group Stock Performance

NYSE:EME traded up $4.91 during trading hours on Friday, reaching $633.83. The company had a trading volume of 10,504,955 shares, compared to its average volume of 420,380. The company has a current ratio of 1.18, a quick ratio of 1.15 and a debt-to-equity ratio of 0.08. EMCOR Group, Inc. has a 52 week low of $320.89 and a 52 week high of $667.64. The firm has a market cap of $28.37 billion, a price-to-earnings ratio of 26.30 and a beta of 1.28. The firm's 50 day moving average price is $612.05 and its 200-day moving average price is $498.53.

EMCOR Group (NYSE:EME - Get Free Report) last posted its earnings results 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 net margin of 7.07% and a return on equity of 38.01%. The business had revenue of $4.30 billion during the quarter, compared to the consensus estimate of $4.10 billion. During the same quarter in the previous year, the firm posted $5.25 EPS. The firm's revenue was up 17.4% on a year-over-year basis. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 EPS. On average, analysts forecast that EMCOR Group, Inc. will post 20.74 EPS for the current 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 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 presently 4.15%.

Analyst Ratings Changes

EME has been the topic of a number of research analyst reports. The Goldman Sachs Group increased their target price on EMCOR Group from $384.00 to $435.00 and gave the company a "sell" rating in a research note on Tuesday, July 8th. Stifel Nicolaus increased their target price on EMCOR Group from $503.00 to $597.00 and gave the company a "buy" rating in a research note on Friday, July 11th. UBS Group set a $750.00 price target on shares of EMCOR Group and gave the company a "buy" rating in a research report on Tuesday, August 5th. TD Securities started coverage on shares of EMCOR Group in a research report on Friday, June 27th. They set a "buy" rating for the company. Finally, DA Davidson upped their price target 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. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, EMCOR Group presently has a consensus rating of "Moderate Buy" and a consensus price target of $594.50.

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.