Kiker Wealth Management LLC Acquires Shares of 2,610 EMCOR Group, Inc. $EME

Key Points

• Kiker Wealth Management LLC acquired 2,610 shares of EMCOR Group, Inc. (NYSE: EME), valued at approximately $1.4 million, during the 2nd quarter.
• EMCOR Group reported a Q2 EPS of $6.72, exceeding expectations by $1.04, with revenue rising 17.4% year-over-year.
• The company declared a quarterly dividend of $0.25 per share, to be paid on October 30th, representing an annualized yield of 0.1%.

Kiker Wealth Management LLC acquired a new stake in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,610 shares of the construction company's stock, valued at approximately $1,396,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of EME. GAMMA Investing LLC raised its stake 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 buying an additional 262 shares in the last quarter. CX Institutional acquired a new stake in EMCOR Group during the first quarter valued at approximately $95,000. Fifth Third Bancorp raised its stake 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 buying an additional 126 shares in the last quarter. Sound Income Strategies LLC raised its stake in EMCOR Group by 2,332.0% during the first quarter. Sound Income Strategies LLC now owns 608 shares of the construction company's stock valued at $225,000 after buying an additional 583 shares in the last quarter. Finally, Brown Miller Wealth Management LLC acquired a new stake in EMCOR Group during the first quarter valued at approximately $245,000. Institutional investors and hedge funds own 92.59% of the company's stock.

EMCOR Group Stock Up 2.2%

EME opened at $678.57 on Tuesday. EMCOR Group, Inc. has a 12 month low of $320.89 and a 12 month high of $697.91. 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 cap of $30.37 billion, a P/E ratio of 28.16 and a beta of 1.24. The stock's 50 day moving average price is $632.80 and its 200 day moving average price is $530.35.

EMCOR Group (NYSE:EME - Get Free Report) last posted its 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. EMCOR Group had a return on equity of 38.01% and a net margin of 7.07%.The firm had revenue of $4.30 billion for the quarter, compared to analysts' expectations of $4.10 billion. During the same period last year, the firm earned $5.25 EPS. The firm's revenue 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, research analysts predict that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 30th. Shareholders of record on Wednesday, October 15th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend is Wednesday, October 15th. EMCOR Group's dividend payout ratio (DPR) is presently 4.15%.

Wall Street Analyst Weigh In

EME has been the subject of several recent research reports. Wall Street Zen raised EMCOR Group from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 2nd. The Goldman Sachs Group upgraded EMCOR Group from a "sell" rating to a "neutral" rating and increased their price target for the stock from $495.00 to $676.00 in a research report on Tuesday, October 7th. Jefferies Financial Group assumed coverage on EMCOR Group in a research report on Friday, June 27th. They set a "buy" rating on the stock. Zacks Research upgraded EMCOR Group from a "hold" rating to a "strong-buy" rating in a research report on Friday, September 12th. Finally, Stifel Nicolaus increased their price target on EMCOR Group from $692.00 to $718.00 and gave the stock a "buy" rating in a research report on Monday. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, EMCOR Group has a consensus rating of "Moderate Buy" and a consensus price target of $654.83.

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.

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