IronOak Wealth LLC. Purchases New Holdings in EMCOR Group, Inc. $EME

Key Points

• IronOak Wealth LLC has acquired 2,733 shares of EMCOR Group, Inc., valued at approximately $1,462,000, as part of their new investment in the company during the 2nd quarter.
• EMCOR Group reported $6.72 earnings per share for the last quarter, exceeding analysts' expectations of $5.68, with a significant revenue of $4.30 billion.
• The company's latest quarterly dividend was $0.25, representing a 0.2% yield with a dividend payout ratio of 4.15%.

IronOak Wealth LLC. acquired a new position in EMCOR Group, Inc. (NYSE:EME - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 2,733 shares of the construction company's stock, valued at approximately $1,462,000.

Other hedge funds have also recently modified their holdings of the company. McGlone Suttner Wealth Management Inc. increased its holdings in shares of EMCOR Group by 1.9% in the second quarter. McGlone Suttner Wealth Management Inc. now owns 1,518 shares of the construction company's stock worth $812,000 after purchasing an additional 29 shares during the last quarter. GAMMA Investing LLC lifted its position in EMCOR Group by 44.6% during the second quarter. GAMMA Investing LLC now owns 1,463 shares of the construction company's stock valued at $783,000 after acquiring an additional 451 shares during the last quarter. Narus Financial Partners LLC increased its holdings in shares of EMCOR Group by 11.9% during the second quarter. Narus Financial Partners LLC now owns 731 shares of the construction company's stock valued at $391,000 after acquiring an additional 78 shares in the last quarter. Park Avenue Securities LLC acquired a new stake in EMCOR Group during the 2nd quarter worth about $3,651,000. Finally, Kaufman Rossin Wealth LLC acquired a new position in EMCOR Group in the 2nd quarter worth approximately $237,000. Institutional investors own 92.59% of the company's stock.

EMCOR Group Price Performance

EME traded up $22.86 on Monday, hitting $654.88. 837,611 shares of the company were exchanged, compared to its average volume of 934,496. EMCOR Group, Inc. has a fifty-two week low of $320.89 and a fifty-two week high of $667.64. The firm has a market capitalization of $29.31 billion, a P/E ratio of 27.17 and a beta of 1.28. The business's fifty day moving average is $614.00 and its 200 day moving average is $502.09. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.15 and a current ratio of 1.18.

EMCOR Group (NYSE:EME - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The construction company reported $6.72 earnings per share for the quarter, topping analysts' consensus estimates of $5.68 by $1.04. EMCOR Group had a return on equity of 38.01% and a net margin of 7.07%.The company had revenue of $4.30 billion during the quarter, compared to analysts' expectations of $4.10 billion. During the same period in the previous year, the firm posted $5.25 earnings per share. The business'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 EPS for the current year.

EMCOR Group Dividend Announcement

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

Wall Street Analyst Weigh In

Several research firms have recently weighed in on EME. UBS Group set a $750.00 target price on shares of EMCOR Group and gave the company a "buy" rating in a report on Tuesday, August 5th. Stifel Nicolaus lifted their price objective on shares of EMCOR Group from $503.00 to $597.00 and gave the company a "buy" rating in a report on Friday, July 11th. William Blair started coverage on shares of EMCOR Group in a research note on Thursday, September 11th. They set an "outperform" rating on the stock. Jefferies Financial Group began coverage on EMCOR Group in a research note on Friday, June 27th. They set a "buy" rating for the company. Finally, Wall Street Zen raised shares of EMCOR Group from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 2nd. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average 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.