JT Stratford LLC Makes New $1.19 Million Investment in EMCOR Group, Inc. $EME

Key Points

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JT Stratford LLC acquired a new position in EMCOR Group, Inc. (NYSE:EME - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 3,222 shares of the construction company's stock, valued at approximately $1,191,000.

A number of other hedge funds have also recently made changes to their positions in the business. BI Asset Management Fondsmaeglerselskab A S lifted its holdings in shares of EMCOR Group by 68.9% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 88,721 shares of the construction company's stock worth $32,794,000 after acquiring an additional 36,195 shares during the last quarter. Hsbc Holdings PLC raised its holdings in EMCOR Group by 19.7% during the 1st quarter. Hsbc Holdings PLC now owns 43,710 shares of the construction company's stock valued at $16,113,000 after buying an additional 7,195 shares during the last quarter. Maven Securities LTD bought a new stake in EMCOR Group during the 1st quarter valued at $407,000. Korea Investment CORP raised its holdings in EMCOR Group by 50.1% during the 1st quarter. Korea Investment CORP now owns 81,439 shares of the construction company's stock valued at $30,102,000 after buying an additional 27,196 shares during the last quarter. Finally, Qtron Investments LLC raised its holdings in EMCOR Group by 4.1% during the 1st quarter. Qtron Investments LLC now owns 2,281 shares of the construction company's stock valued at $843,000 after buying an additional 89 shares during the last quarter. 92.59% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on EME. 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 report on Friday, August 1st. Stifel Nicolaus upped their price target 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. UBS Group set a $750.00 price target on shares of EMCOR Group and gave the company a "buy" rating in a report on Tuesday, August 5th. Jefferies Financial Group began coverage on shares of EMCOR Group in a report on Friday, June 27th. They issued a "buy" rating for the company. Finally, Robert W. Baird began coverage on shares of EMCOR Group in a report on Friday, June 27th. They issued an "outperform" rating and a $560.00 price objective for the company. One investment analyst has 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 company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $594.50.

EMCOR Group Stock Performance

Shares of EME traded down $0.5080 on Friday, reaching $610.3420. The company's stock had a trading volume of 222,909 shares, compared to its average volume of 377,207. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.18 and a quick ratio of 1.15. The stock has a market capitalization of $27.32 billion, a P/E ratio of 25.33 and a beta of 1.27. The stock's 50 day simple moving average is $569.94 and its two-hundred day simple moving average is $470.91. EMCOR Group, Inc. has a 12-month low of $320.89 and a 12-month high of $667.64.

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 analysts' consensus estimates of $5.68 by $1.04. The company had revenue of $4.30 billion for the quarter, compared to analysts' expectations of $4.10 billion. EMCOR Group had a net margin of 7.07% and a return on equity of 38.01%. The firm's revenue was up 17.4% compared to the same quarter last year. During the same quarter last year, the business earned $5.25 EPS. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 EPS. Research analysts forecast that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Tuesday, July 15th were paid a dividend of $0.25 per share. 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 payout ratio is currently 4.15%.

EMCOR Group Company 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.