Knights of Columbus Asset Advisors LLC Buys 3,100 Shares of EMCOR Group, Inc. $EME

Key Points

• Knights of Columbus Asset Advisors LLC increased its stake in EMCOR Group by 37.4%, acquiring an additional 3,100 shares, bringing its total holdings to 11,391 shares valued at over $6 million.
• Analysts have shown optimism for EMCOR Group, with multiple upgrades including a target price increase from $515 to $725 by DA Davidson, and a current average target price of $594.50.
• The company recently announced a quarterly dividend of $0.25 per share, with an ex-dividend date set for October 15th, reflecting a 0.2% dividend yield.

Knights of Columbus Asset Advisors LLC boosted its stake in EMCOR Group, Inc. (NYSE:EME - Free Report) by 37.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,391 shares of the construction company's stock after purchasing an additional 3,100 shares during the quarter. Knights of Columbus Asset Advisors LLC's holdings in EMCOR Group were worth $6,093,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Pacer Advisors Inc. lifted its holdings in shares of EMCOR Group by 3,878.2% during the 1st quarter. Pacer Advisors Inc. now owns 534,585 shares of the construction company's stock worth $197,599,000 after acquiring an additional 521,147 shares during the last quarter. New Vernon Capital Holdings II LLC purchased a new stake in EMCOR Group during the first quarter valued at about $114,220,000. Jones Financial Companies Lllp lifted its stake in EMCOR Group by 56,287.8% during the first quarter. Jones Financial Companies Lllp now owns 286,450 shares of the construction company's stock worth $105,881,000 after purchasing an additional 285,942 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of EMCOR Group by 43.6% in the 1st quarter. AQR Capital Management LLC now owns 703,456 shares of the construction company's stock worth $253,065,000 after purchasing an additional 213,631 shares in the last quarter. Finally, Nuveen LLC bought a new position in shares of EMCOR Group during the 1st quarter valued at about $71,821,000. Hedge funds and other institutional investors own 92.59% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. DA Davidson upped their target price on EMCOR Group from $515.00 to $725.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Zacks Research upgraded shares of EMCOR Group from a "hold" rating to a "strong-buy" rating in a report on Friday, September 12th. Robert W. Baird assumed coverage on shares of EMCOR Group in a report on Friday, June 27th. They set an "outperform" rating and a $560.00 target price on the stock. UBS Group set a $750.00 target price on shares of EMCOR Group and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Finally, Jefferies Financial Group began coverage on shares of EMCOR Group in a research report on Friday, June 27th. They set a "buy" rating for the company. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, EMCOR Group presently has an average rating of "Moderate Buy" and an average target price of $594.50.

EMCOR Group Price Performance

Shares of EMCOR Group stock opened at $654.76 on Monday. The company's fifty day simple moving average is $627.32 and its two-hundred day simple moving average is $518.46. EMCOR Group, Inc. has a 12-month low of $320.89 and a 12-month high of $667.64. The firm has a market cap of $29.31 billion, a PE ratio of 27.17 and a beta of 1.24. The company has a quick ratio of 1.15, a current ratio of 1.18 and a debt-to-equity ratio of 0.08.

EMCOR Group (NYSE:EME - Get Free Report) last posted its earnings results on Thursday, July 31st. The construction company reported $6.72 earnings per share 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 company had revenue of $4.30 billion during the quarter, compared to analyst estimates of $4.10 billion. During the same period in the prior year, the business posted $5.25 earnings per share. EMCOR Group's revenue for the quarter 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 analysts expect that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 30th. Investors of record on Wednesday, October 15th will be 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 is Wednesday, October 15th. EMCOR Group's dividend 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.

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