Kayne Anderson Rudnick Investment Management LLC Has $466.83 Million Stake in EMCOR Group, Inc. $EME

Key Points

• Kayne Anderson Rudnick Investment Management LLC reduced its stake in EMCOR Group, Inc. by 0.1%, holding approximately 2.82% of the company, worth $466.83 million after selling 1,759 shares in Q1.
• EMCOR Group reported a strong quarterly performance with $6.72 EPS, surpassing analyst estimates and a 17.4% increase in revenue compared to the previous year.
• The company declared a quarterly dividend of $0.25 per share, representing a 0.2% dividend yield, as part of its ongoing shareholder returns.

Kayne Anderson Rudnick Investment Management LLC lowered its stake in EMCOR Group, Inc. (NYSE:EME - Free Report) by 0.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,262,973 shares of the construction company's stock after selling 1,759 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC owned approximately 2.82% of EMCOR Group worth $466,833,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EME. BankPlus Trust Department boosted its stake in EMCOR Group by 200.0% in the 1st quarter. BankPlus Trust Department now owns 72 shares of the construction company's stock worth $27,000 after purchasing an additional 48 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new position in EMCOR Group in the 1st quarter worth approximately $28,000. Hazlett Burt & Watson Inc. acquired a new position in EMCOR Group in the 1st quarter worth approximately $30,000. Groupe la Francaise boosted its stake in EMCOR Group by 79.2% in the 1st quarter. Groupe la Francaise now owns 86 shares of the construction company's stock worth $33,000 after purchasing an additional 38 shares during the period. Finally, Pandora Wealth Inc. acquired a new position in EMCOR Group in the 1st quarter worth approximately $37,000. Institutional investors and hedge funds own 92.59% of the company's stock.

EMCOR Group Price Performance

Shares of EME traded down $16.25 during mid-day trading on Friday, hitting $617.00. 109,036 shares of the company traded hands, compared to its average volume of 473,778. EMCOR Group, Inc. has a one year low of $320.89 and a one year high of $667.64. 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 business has a 50-day moving average of $580.87 and a 200 day moving average of $475.28. The stock has a market capitalization of $27.62 billion, a price-to-earnings ratio of 25.60 and a beta of 1.27.

EMCOR Group (NYSE:EME - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The construction company reported $6.72 EPS for the quarter, beating the consensus estimate of $5.68 by $1.04. The business 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%. EMCOR Group's revenue was up 17.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $5.25 earnings per share. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 EPS. As a group, equities analysts expect that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Tuesday, July 15th were issued 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 was Tuesday, July 15th. EMCOR Group's dividend payout ratio (DPR) is presently 4.15%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. DA Davidson lifted their target price on shares of EMCOR Group from $515.00 to $725.00 and gave the company a "buy" rating in a research note on Friday, August 1st. William Blair began coverage on shares of EMCOR Group in a research report on Friday, June 27th. They set an "outperform" rating for the company. Hovde Group raised shares of EMCOR Group to a "hold" rating in a research report on Friday, June 27th. 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. Finally, Baird R W raised shares of EMCOR Group to a "strong-buy" rating in a research note on Friday, June 27th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently 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.