Gunderson Capital Management Inc. Purchases New Holdings in EMCOR Group, Inc. $EME

Key Points

• Gunderson Capital Management Inc. purchased 4,978 shares of EMCOR Group, valued at approximately $2.66 million, indicating a growing interest in the company from institutional investors.
• EMCOR Group has received analyst upgrades, with Stifel Nicolaus increasing their price target from $503 to $597 and Zacks Research raising their rating to "strong-buy," reflecting strong market sentiment.
• The company reported strong quarterly earnings, with an EPS of $6.72, exceeding expectations, and announced a quarterly dividend of $0.25, implying a potential yield of 0.1% for investors.

Gunderson Capital Management Inc. purchased a new position in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 4,978 shares of the construction company's stock, valued at approximately $2,663,000.

Several other institutional investors also recently added to or reduced their stakes in the stock. Blue Trust Inc. grew its stake in EMCOR Group by 3.9% in the 2nd quarter. Blue Trust Inc. now owns 1,614 shares of the construction company's stock worth $863,000 after acquiring an additional 61 shares in the last quarter. Monument Capital Management grew its stake in EMCOR Group by 2.2% in the second quarter. Monument Capital Management now owns 11,922 shares of the construction company's stock worth $6,377,000 after purchasing an additional 258 shares in the last quarter. IFP Advisors Inc increased its holdings in EMCOR Group by 9.9% during the 2nd quarter. IFP Advisors Inc now owns 1,959 shares of the construction company's stock worth $1,048,000 after purchasing an additional 177 shares during the period. Callan Family Office LLC raised its position in EMCOR Group by 982.7% during the 2nd quarter. Callan Family Office LLC now owns 14,216 shares of the construction company's stock valued at $7,604,000 after purchasing an additional 12,903 shares in the last quarter. Finally, Spectrum Asset Management Inc. NB CA purchased a new stake in shares of EMCOR Group in the 2nd quarter worth $3,432,000. Hedge funds and other institutional investors own 92.59% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. 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 objective on the stock. Northcoast Research cut EMCOR Group from a "buy" rating to a "neutral" rating and set a $500.00 target price on the stock. in a research report on Thursday, August 7th. Zacks Research raised EMCOR Group from a "hold" rating to a "strong-buy" rating in a research report on Friday, September 12th. Stifel Nicolaus increased their price target on shares of EMCOR Group from $503.00 to $597.00 and gave the company a "buy" rating in a research report on Friday, July 11th. Finally, William Blair started coverage on shares of EMCOR Group in a research note on Thursday, September 11th. They set an "outperform" rating for the company. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, EMCOR Group currently has an average rating of "Moderate Buy" and a consensus target price of $634.67.

EMCOR Group Stock Down 1.9%

EMCOR Group stock opened at $681.56 on Friday. The business's 50-day moving average price is $631.04 and its 200 day moving average price is $524.49. The company has a quick ratio of 1.15, a current ratio of 1.18 and a debt-to-equity ratio of 0.08. The firm has a market cap of $30.51 billion, a price-to-earnings ratio of 28.28 and a beta of 1.24. EMCOR Group, Inc. has a 52 week low of $320.89 and a 52 week high of $697.50.

EMCOR Group (NYSE:EME - Get Free Report) last issued 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 net margin of 7.07% and a return on equity of 38.01%. The business had revenue of $4.30 billion for the quarter, compared to analysts' expectations of $4.10 billion. During the same quarter last year, the company earned $5.25 EPS. The business'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. As a group, sell-side analysts anticipate that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 30th. Investors of record on Wednesday, October 15th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, October 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.1%. EMCOR Group's dividend payout ratio is presently 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.