NorthCrest Asset Manangement LLC Invests $276,000 in EMCOR Group, Inc. $EME

Key Points

• NorthCrest Asset Management LLC has acquired a new stake in EMCOR Group, purchasing 504 shares valued at approximately $276,000.
• EMCOR Group reported a quarterly EPS of $6.72, surpassing analysts' expectations, with revenue of $4.30 billion, reflecting a 17.4% year-over-year growth.
• The company declared a quarterly dividend of $0.25 per share, resulting in an annualized yield of 0.2%.

NorthCrest Asset Manangement LLC purchased a new stake in EMCOR Group, Inc. (NYSE:EME - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 504 shares of the construction company's stock, valued at approximately $276,000.

Other hedge funds have also recently added to or reduced their stakes in the company. BankPlus Trust Department increased its stake in EMCOR Group by 200.0% in the first quarter. BankPlus Trust Department now owns 72 shares of the construction company's stock valued at $27,000 after purchasing an additional 48 shares during the period. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of EMCOR Group in the first quarter valued at $28,000. Hazlett Burt & Watson Inc. purchased a new stake in EMCOR Group in the first quarter valued at approximately $30,000. Groupe la Francaise raised its position in shares of EMCOR Group by 79.2% in the 1st quarter. Groupe la Francaise now owns 86 shares of the construction company's stock worth $33,000 after buying an additional 38 shares during the period. Finally, Dogwood Wealth Management LLC acquired a new position in shares of EMCOR Group in the 4th quarter valued at about $40,000. Institutional investors and hedge funds own 92.59% of the company's stock.

Analyst Ratings Changes

A number of research analysts have commented on EME shares. DA Davidson boosted their price objective on EMCOR Group from $515.00 to $725.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. TD Securities assumed coverage on shares of EMCOR Group in a report on Friday, June 27th. They issued a "buy" rating for the company. Robert W. Baird began coverage on EMCOR Group in a research note on Friday, June 27th. They issued an "outperform" rating and a $560.00 target price on the stock. UBS Group set a $750.00 price objective on EMCOR Group and gave the stock a "buy" rating in a report on Tuesday, August 5th. Finally, Wall Street Zen raised EMCOR Group from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 2nd. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, EMCOR Group has a consensus rating of "Moderate Buy" and an average price target of $594.50.

EMCOR Group Stock Up 3.6%

Shares of EME traded up $22.86 during midday trading on Monday, hitting $654.88. The stock had a trading volume of 837,611 shares, compared to its average volume of 934,496. The company has a 50 day simple moving average of $614.00 and a two-hundred day simple moving average of $502.09. The firm has a market cap of $29.31 billion, a price-to-earnings ratio of 27.17 and a beta of 1.28. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.18 and a quick ratio of 1.15. EMCOR Group, Inc. has a twelve month low of $320.89 and a twelve month high of $667.64.

EMCOR Group (NYSE:EME - Get Free Report) last announced its quarterly earnings data 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 the consensus estimate of $4.10 billion. During the same period in the prior year, the company posted $5.25 earnings per share. The business'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. On average, analysts anticipate that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Tuesday, July 15th were paid 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 of this dividend was Tuesday, July 15th. EMCOR Group's dividend payout ratio is 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.