Kaufman Rossin Wealth LLC Acquires New Position in EMCOR Group, Inc. $EME

Key Points

• Kaufman Rossin Wealth LLC has acquired a new stake in EMCOR Group, Inc. during the second quarter, purchasing 443 shares valued at approximately $237,000.
• EMCOR Group reported a Q2 EPS of $6.72, exceeding estimates by $1.04, with revenues of $4.30 billion—up 17.4% year-over-year.
• The company declared a $0.25 quarterly dividend, representing a yield of 0.2%, and has a payout ratio of 4.15%.

Kaufman Rossin Wealth LLC acquired a new position in EMCOR Group, Inc. (NYSE:EME - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 443 shares of the construction company's stock, valued at approximately $237,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Private Trust Co. NA grew its holdings in EMCOR Group by 28.6% in the first quarter. Private Trust Co. NA now owns 279 shares of the construction company's stock worth $103,000 after purchasing an additional 62 shares during the period. Janney Montgomery Scott LLC lifted its position in EMCOR Group by 20.8% during the first quarter. Janney Montgomery Scott LLC now owns 19,796 shares of the construction company's stock valued at $7,317,000 after purchasing an additional 3,407 shares during the period. Cambridge Investment Research Advisors Inc. lifted its position in EMCOR Group by 146.6% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 10,700 shares of the construction company's stock valued at $3,955,000 after purchasing an additional 6,361 shares during the period. Fifth Third Bancorp lifted its position in EMCOR Group by 17.5% during the first quarter. Fifth Third Bancorp now owns 844 shares of the construction company's stock valued at $312,000 after purchasing an additional 126 shares during the period. Finally, GAMMA Investing LLC lifted its position in EMCOR Group by 34.9% during the first quarter. GAMMA Investing LLC now owns 1,012 shares of the construction company's stock valued at $374,000 after purchasing an additional 262 shares during the period. Hedge funds and other institutional investors own 92.59% of the company's stock.

EMCOR Group Price Performance

Shares of NYSE:EME traded up $22.86 on Monday, reaching $654.88. The company's stock had a trading volume of 837,611 shares, compared to its average volume of 534,349. EMCOR Group, Inc. has a 52-week low of $320.89 and a 52-week high of $667.64. The company has a market cap of $29.31 billion, a P/E ratio of 27.17 and a beta of 1.28. The company has a 50-day simple moving average of $614.00 and a 200 day simple moving average of $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 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 during the quarter, compared to analysts' expectations of $4.10 billion. During the same period last year, the company posted $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, equities research analysts anticipate that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on EME shares. Stifel Nicolaus increased their price objective 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. UBS Group set a $750.00 price objective on shares of EMCOR Group and gave the company a "buy" rating in a research report on Tuesday, August 5th. TD Securities assumed coverage on shares of EMCOR Group in a research report on Friday, June 27th. They set a "buy" rating on the stock. Zacks Research upgraded shares of EMCOR Group from a "hold" rating to a "strong-buy" rating in a research report on Friday, September 12th. Finally, Baird R W upgraded shares of EMCOR Group to a "strong-buy" rating in a research report on Friday, June 27th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $594.50.

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.