LifeWealth Investments LLC Makes New Investment in EMCOR Group, Inc. $EME

Key Points

• LifeWealth Investments LLC has made a new investment in EMCOR Group, acquiring 489 shares valued at approximately $262,000 during the second quarter.
• Analysts have recently upgraded EMCOR Group's stock ratings, with price targets significantly increased; Goldman Sachs raised its target from $495 to $676.
• EMCOR Group reported a quarterly EPS of $6.72, exceeding estimates, and announced a dividend of $0.25 per share, with a yield of 0.1% set to be paid on October 30th.

LifeWealth Investments LLC acquired a new position in EMCOR Group, Inc. (NYSE:EME - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 489 shares of the construction company's stock, valued at approximately $262,000.

Other hedge funds have also added to or reduced their stakes in the company. BankPlus Trust Department increased its stake in shares of EMCOR Group by 200.0% in the first quarter. BankPlus Trust Department now owns 72 shares of the construction company's stock worth $27,000 after purchasing an additional 48 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of EMCOR Group in the first quarter worth about $28,000. Hazlett Burt & Watson Inc. purchased a new position in shares of EMCOR Group in the first quarter worth about $30,000. Groupe la Francaise increased its stake in shares of EMCOR Group by 79.2% in the first quarter. Groupe la Francaise now owns 86 shares of the construction company's stock worth $33,000 after purchasing an additional 38 shares in the last quarter. Finally, Pandora Wealth Inc. purchased a new position in shares of EMCOR Group in the first quarter worth about $37,000. Institutional investors own 92.59% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on EME. The Goldman Sachs Group upgraded shares of EMCOR Group from a "sell" rating to a "neutral" rating and lifted their target price for the stock from $495.00 to $676.00 in a research note on Tuesday, October 7th. Jefferies Financial Group began coverage on shares of EMCOR Group in a research note on Friday, June 27th. They issued a "buy" rating for the company. DA Davidson lifted their target price on shares of EMCOR Group from $515.00 to $725.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Baird R W upgraded shares of EMCOR Group to a "strong-buy" rating in a research note on Friday, June 27th. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of EMCOR Group in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $654.83.

EMCOR Group Price Performance

Shares of NYSE:EME opened at $696.79 on Friday. The company has a 50 day moving average of $643.57 and a 200 day moving average of $545.92. The stock has a market cap of $31.19 billion, a P/E ratio of 28.91 and a beta of 1.24. EMCOR Group, Inc. has a 12 month low of $320.89 and a 12 month high of $704.09. 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 issued its quarterly earnings data 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 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 analysts' expectations of $4.10 billion. During the same quarter in the previous year, the company earned $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, sell-side analysts forecast that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 30th. Shareholders of record on Wednesday, October 15th will be given a dividend of $0.25 per share. The ex-dividend date is Wednesday, October 15th. This represents a $1.00 annualized dividend and a yield of 0.1%. EMCOR Group's payout ratio is presently 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.