Groupama Asset Managment Makes New Investment in EMCOR Group, Inc. $EME

Key Points

• Groupama Asset Management has acquired a new stake in EMCOR Group, Inc., purchasing 2,317 shares valued at approximately $859,000 in the first quarter.
• EMCOR Group reported an earnings per share (EPS) of $6.72 for the last quarter, exceeding analysts' expectations of $5.68 and reflecting a 17.4% year-over-year revenue increase.
• The company has declared a quarterly dividend of $0.25, yielding an annualized dividend of $1.00 with a payout ratio of 4.15%.

Groupama Asset Managment acquired a new stake in EMCOR Group, Inc. (NYSE:EME - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 2,317 shares of the construction company's stock, valued at approximately $859,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BankPlus Trust Department lifted its position in EMCOR Group by 200.0% in the first quarter. BankPlus Trust Department now owns 72 shares of the construction company's stock valued at $27,000 after purchasing an additional 48 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in EMCOR Group in the first quarter worth $28,000. Hazlett Burt & Watson Inc. purchased a new stake in EMCOR Group in the first quarter worth $30,000. Pandora Wealth Inc. purchased a new stake in EMCOR Group in the first quarter worth $37,000. Finally, Continuum Advisory LLC lifted its stake in EMCOR Group by 53.7% in the fourth quarter. Continuum Advisory LLC now owns 83 shares of the construction company's stock worth $38,000 after acquiring an additional 29 shares during the period. Institutional investors own 92.59% of the company's stock.

EMCOR Group Stock Down 0.1%

EMCOR Group stock traded down $0.5080 during mid-day trading on Friday, hitting $610.3420. The company had a trading volume of 222,909 shares, compared to its average volume of 377,207. 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's 50 day moving average price is $569.94 and its two-hundred day moving average price is $471.01. EMCOR Group, Inc. has a 12 month low of $320.89 and a 12 month high of $667.64. The company has a market capitalization of $27.32 billion, a PE ratio of 25.33 and a beta of 1.27.

EMCOR Group (NYSE:EME - Get Free Report) last released its earnings results on Thursday, July 31st. The construction company reported $6.72 EPS for the quarter, topping the consensus estimate 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 for 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 company's revenue for the quarter was up 17.4% compared to the same quarter last year. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 EPS. As a group, sell-side analysts anticipate that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Tuesday, July 15th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Tuesday, July 15th. EMCOR Group's payout ratio is 4.15%.

Analysts Set New Price Targets

A number of analysts recently commented on EME shares. William Blair started coverage on EMCOR Group in a research note on Friday, June 27th. They issued an "outperform" rating for the company. The Goldman Sachs Group raised their price target on EMCOR Group from $384.00 to $435.00 and gave the stock a "sell" rating in a research note on Tuesday, July 8th. Wall Street Zen raised EMCOR Group from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 2nd. UBS Group set a $750.00 price target on EMCOR Group and gave the stock a "buy" rating in a research note on Tuesday, August 5th. Finally, Baird R W raised EMCOR Group to a "strong-buy" rating in a research note on Friday, June 27th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average 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.