OMNI 360 Wealth Inc. Takes Position in EMCOR Group, Inc. $EME

Key Points

• OMNI 360 Wealth Inc. acquired a new position in EMCOR Group, purchasing 406 shares valued at approximately $217,000 in the 2nd quarter.
• Several institutional investors increased their stakes in EMCOR Group, with hedge funds owning 92.59% of the company's stock.
• EMCOR Group reported earnings per share of $6.72 for the last quarter, beating estimates, and has set a FY 2025 EPS guidance of 24.500-25.750.

OMNI 360 Wealth Inc. acquired a new position in EMCOR Group, Inc. (NYSE:EME - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 406 shares of the construction company's stock, valued at approximately $217,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Private Trust Co. NA boosted its position in shares of EMCOR Group by 28.6% during the first quarter. Private Trust Co. NA now owns 279 shares of the construction company's stock valued at $103,000 after purchasing an additional 62 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in EMCOR Group by 20.8% during the first quarter. Janney Montgomery Scott LLC now owns 19,796 shares of the construction company's stock valued at $7,317,000 after buying an additional 3,407 shares during the period. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of EMCOR Group by 146.6% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 10,700 shares of the construction company's stock valued at $3,955,000 after buying an additional 6,361 shares in the last quarter. Fifth Third Bancorp grew its position in shares of EMCOR Group by 17.5% in the 1st quarter. Fifth Third Bancorp now owns 844 shares of the construction company's stock worth $312,000 after buying an additional 126 shares during the period. Finally, GAMMA Investing LLC increased its stake in shares of EMCOR Group by 34.9% in the 1st quarter. GAMMA Investing LLC now owns 1,012 shares of the construction company's stock worth $374,000 after acquiring an additional 262 shares in the last quarter. Hedge funds and other institutional investors own 92.59% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. DA Davidson lifted their target price on shares of EMCOR Group from $515.00 to $725.00 and gave the company a "buy" rating in a report on Friday, August 1st. Hovde Group raised EMCOR Group to a "hold" rating in a report on Friday, June 27th. Northcoast Research cut EMCOR Group from a "buy" rating to a "neutral" rating and set a $500.00 target price on the stock. in a research note on Thursday, August 7th. The Goldman Sachs Group lifted their price target on EMCOR Group from $384.00 to $435.00 and gave the stock a "sell" rating in a research report on Tuesday, July 8th. Finally, UBS Group set a $750.00 price objective on shares of EMCOR Group and gave the company a "buy" rating in a research report on Tuesday, August 5th. One 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. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $594.50.

EMCOR Group Stock Performance

Shares of NYSE EME opened at $629.79 on Monday. The firm's 50-day moving average price is $604.37 and its 200-day moving average price is $491.97. EMCOR Group, Inc. has a 52-week low of $320.89 and a 52-week high of $667.64. The company has a market cap of $28.19 billion, a PE ratio of 26.13 and a beta of 1.28. 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 issued its quarterly earnings data on Thursday, July 31st. The construction company reported $6.72 earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $4.10 billion. During the same quarter in the prior year, the firm earned $5.25 earnings per share. The firm's revenue for the quarter 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, analysts anticipate that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Tuesday, July 15th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend was Tuesday, July 15th. EMCOR Group's dividend payout ratio is currently 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.

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