Korea Investment CORP Purchases 27,196 Shares of EMCOR Group, Inc. $EME

Key Points

• Korea Investment CORP increased its holdings in EMCOR Group by 50.1%, acquiring an additional 27,196 shares, resulting in a total ownership of 81,439 shares valued at approximately $30.1 million.
• Several institutional investors, including BankPlus Trust Department and Migdal Insurance, have also increased their stakes in EMCOR Group during the first quarter.
• EMCOR Group recently reported earnings per share of $6.72, exceeding analysts' expectations, and announced a quarterly dividend of $0.25 per share.

Korea Investment CORP lifted its position in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 50.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 81,439 shares of the construction company's stock after purchasing an additional 27,196 shares during the period. Korea Investment CORP owned 0.18% of EMCOR Group worth $30,102,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of EME. BankPlus Trust Department increased its stake in shares of EMCOR Group by 200.0% during 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 last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of EMCOR Group during the 1st quarter worth about $28,000. Hazlett Burt & Watson Inc. acquired a new position in shares of EMCOR Group during the 1st quarter worth about $30,000. Pandora Wealth Inc. acquired a new position in EMCOR Group in the 1st quarter valued at about $37,000. Finally, Continuum Advisory LLC grew its stake in EMCOR Group by 53.7% in the 4th quarter. Continuum Advisory LLC now owns 83 shares of the construction company's stock valued at $38,000 after buying an additional 29 shares during the last quarter. 92.59% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EME has been the topic of a number of research reports. Hovde Group upgraded shares of EMCOR Group to a "hold" rating in a research note on Friday, June 27th. DA Davidson upped their price target 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. Jefferies Financial Group initiated coverage on shares of EMCOR Group in a research note on Friday, June 27th. They issued a "buy" rating on the stock. Stifel Nicolaus upped their price target on shares of EMCOR Group from $503.00 to $597.00 and gave the company a "buy" rating in a research note on Friday, July 11th. Finally, 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. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $594.50.

EMCOR Group Stock Performance

Shares of NYSE:EME traded up $3.4820 on Monday, reaching $613.7220. 53,800 shares of the company's stock were exchanged, compared to its average volume of 476,521. The company has a fifty day moving average of $569.94 and a 200-day moving average of $471.04. EMCOR Group, Inc. has a twelve month low of $320.89 and a twelve month high of $667.64. The company has a market capitalization of $27.47 billion, a price-to-earnings ratio of 25.48 and a beta of 1.27. The company has a current ratio of 1.18, a quick ratio of 1.15 and a debt-to-equity ratio of 0.08.

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

EMCOR Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Tuesday, July 15th were given 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 is presently 4.15%.

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.