Kestra Advisory Services LLC Grows Holdings in EMCOR Group, Inc. $EME

Key Points

• Kestra Advisory Services LLC increased its stake in EMCOR Group, acquiring an additional 1,799 shares, bringing its total holdings to 5,557 shares valued at approximately $2.05 million.
• EMCOR Group reported a better-than-expected earnings per share of $6.72 for the last quarter, surpassing analysts' estimates by $1.04, with revenues also exceeding projections at $4.30 billion.
• Analysts have given EMCOR Group a consensus rating of "Moderate Buy" with a target price of $594.50, indicating positive outlooks despite one analyst downgrading the stock to a "neutral" rating.

Kestra Advisory Services LLC raised its position in EMCOR Group, Inc. (NYSE:EME - Free Report) by 47.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,557 shares of the construction company's stock after purchasing an additional 1,799 shares during the quarter. Kestra Advisory Services LLC's holdings in EMCOR Group were worth $2,054,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of EME. Private Trust Co. NA grew its stake 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 in the last quarter. Janney Montgomery Scott LLC grew its position in shares of EMCOR Group by 20.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 19,796 shares of the construction company's stock worth $7,317,000 after buying an additional 3,407 shares in the last quarter. Redwood Investment Management LLC bought a new position in shares of EMCOR Group during the 4th quarter worth $1,417,000. Cambridge Investment Research Advisors Inc. grew its position in shares of EMCOR Group by 146.6% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 10,700 shares of the construction company's stock worth $3,955,000 after buying an additional 6,361 shares in the last quarter. Finally, Fifth Third Bancorp grew its position in shares of EMCOR Group by 17.5% during the 1st quarter. Fifth Third Bancorp now owns 844 shares of the construction company's stock worth $312,000 after buying an additional 126 shares in the last quarter. Institutional investors own 92.59% of the company's stock.

EMCOR Group Stock Performance

Shares of NYSE:EME traded up $0.28 on Tuesday, hitting $620.28. 298,632 shares of the company were exchanged, compared to its average volume of 474,219. EMCOR Group, Inc. has a 1-year low of $320.89 and a 1-year high of $667.64. The stock's 50 day moving average price is $586.05 and its 200 day moving average price is $478.48. 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 firm has a market capitalization of $27.77 billion, a P/E ratio of 25.74 and a beta of 1.28.

EMCOR Group (NYSE:EME - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The construction company reported $6.72 EPS for the quarter, topping the consensus estimate 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 the consensus estimate 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. Sell-side analysts predict that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Announces Dividend

The firm also recently announced 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 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Tuesday, July 15th. EMCOR Group's dividend payout ratio (DPR) is 4.15%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on EME. Baird R W upgraded shares of EMCOR Group to a "strong-buy" rating in a research note on Friday, June 27th. Hovde Group upgraded shares of EMCOR Group to a "hold" rating in a research note 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 note on Tuesday, August 5th. Wall Street Zen upgraded shares of EMCOR Group from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 2nd. Finally, Robert W. Baird started coverage on shares of EMCOR Group in a research note on Friday, June 27th. They issued an "outperform" rating and a $560.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price 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.