EMCOR Group, Inc. $EME Shares Purchased by Gotham Asset Management LLC

Key Points

• Gotham Asset Management LLC increased its stake in EMCOR Group, Inc. by 53.6% in Q1, owning 54,002 shares worth nearly $20 million.
• Multiple hedge funds, including BankPlus Trust Department and Migdal Insurance & Financial Holdings, have significantly increased their positions in EMCOR Group during the first quarter.
• EMCOR Group reported impressive quarterly earnings of $6.72 per share, exceeding analyst expectations and marking a 17.4% year-over-year revenue increase.

Gotham Asset Management LLC raised its holdings in EMCOR Group, Inc. (NYSE:EME - Free Report) by 53.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 54,002 shares of the construction company's stock after purchasing an additional 18,851 shares during the quarter. Gotham Asset Management LLC owned 0.12% of EMCOR Group worth $19,961,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EME. Aptus Capital Advisors LLC raised its position in EMCOR Group by 23.2% in the fourth quarter. Aptus Capital Advisors LLC now owns 685 shares of the construction company's stock valued at $311,000 after purchasing an additional 129 shares during the period. Baird Financial Group Inc. raised its holdings in shares of EMCOR Group by 80.8% in the 4th quarter. Baird Financial Group Inc. now owns 10,395 shares of the construction company's stock valued at $4,718,000 after buying an additional 4,647 shares during the period. Captrust Financial Advisors raised its holdings 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 buying an additional 1,926 shares during the period. Cetera Investment Advisers raised its holdings 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 buying an additional 1,721 shares during the period. Finally, Crestline Management LP purchased a new stake in shares of EMCOR Group in the 4th quarter valued at $407,000. Hedge funds and other institutional investors own 92.59% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on EME shares. Baird R W upgraded EMCOR Group to a "strong-buy" rating in a report on Friday, June 27th. Wall Street Zen upgraded EMCOR Group from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 2nd. Northcoast Research downgraded EMCOR Group from a "buy" rating to a "neutral" rating and set a $500.00 price objective on the stock. in a report on Thursday, August 7th. TD Securities initiated coverage on EMCOR Group in a research note on Friday, June 27th. They set a "buy" rating for the company. Finally, Robert W. Baird initiated coverage on EMCOR Group in a research note on Friday, June 27th. They set an "outperform" rating and a $560.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, EMCOR Group has an average rating of "Moderate Buy" and an average target price of $594.50.

EMCOR Group Stock Up 0.4%

EME stock traded up $2.30 during trading on Tuesday, hitting $623.88. 560,250 shares of the company's stock were exchanged, compared to its average volume of 473,222. The business has a 50-day moving average price of $598.96 and a two-hundred day moving average price of $486.53. The company has a current ratio of 1.18, a quick ratio of 1.15 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $27.93 billion, a price-to-earnings ratio of 25.89 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 announced its quarterly earnings results on Thursday, July 31st. The construction company reported $6.72 earnings per share (EPS) 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 firm's quarterly revenue was up 17.4% compared to the same quarter last year. During the same period in the prior year, the company posted $5.25 earnings per share. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 EPS. As a group, equities research analysts expect that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Dividend Announcement

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