Park Avenue Securities LLC Makes New $3.65 Million Investment in EMCOR Group, Inc. $EME

Key Points

• Park Avenue Securities LLC has acquired a new stake in EMCOR Group, purchasing 6,826 shares valued at approximately $3.65 million.
• EMCOR Group has received several upgrades from analysts, with ratings ranging from strong buy to neutral, and a current average target price of $594.50.
• For the last quarter, EMCOR Group reported an earnings per share of $6.72, exceeding analysts' expectations and demonstrating a 17.4% year-over-year revenue growth.

Park Avenue Securities LLC bought a new position in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 6,826 shares of the construction company's stock, valued at approximately $3,651,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BankPlus Trust Department raised its stake in 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 acquiring an additional 48 shares during the period. Migdal Insurance & Financial Holdings Ltd. bought a new stake in EMCOR Group during the 1st quarter worth approximately $28,000. Hazlett Burt & Watson Inc. bought a new stake in EMCOR Group during the 1st quarter worth approximately $30,000. Groupe la Francaise raised its stake in EMCOR Group by 79.2% during the 1st quarter. Groupe la Francaise now owns 86 shares of the construction company's stock worth $33,000 after acquiring an additional 38 shares during the period. Finally, Pandora Wealth Inc. bought a new stake in EMCOR Group during the 1st quarter worth approximately $37,000. Institutional investors own 92.59% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Wall Street Zen raised shares of EMCOR Group from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 2nd. Northcoast Research lowered shares of EMCOR Group from a "buy" rating to a "neutral" rating and set a $500.00 price objective for the company. in a report on Thursday, August 7th. Baird R W raised shares of EMCOR Group to a "strong-buy" rating in a report on Friday, June 27th. Zacks Research raised shares of EMCOR Group from a "hold" rating to a "strong-buy" rating in a report on Friday, September 12th. Finally, Stifel Nicolaus increased their price objective on shares of EMCOR Group from $503.00 to $597.00 and gave the company a "buy" rating in a report on Friday, July 11th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, EMCOR Group currently has a consensus rating of "Moderate Buy" and an average target price of $594.50.

EMCOR Group Price Performance

Shares of EME stock opened at $654.88 on Tuesday. EMCOR Group, Inc. has a fifty-two week low of $320.89 and a fifty-two week high of $667.64. The firm has a market capitalization 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 quick ratio of 1.15 and a current ratio of 1.18. The stock's 50-day simple moving average is $614.00 and its 200-day simple moving average is $502.09.

EMCOR Group (NYSE:EME - Get Free Report) last issued its quarterly 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 return on equity of 38.01% and a net margin of 7.07%.The business had revenue of $4.30 billion for the quarter, compared to analyst estimates of $4.10 billion. During the same quarter in the previous year, the firm earned $5.25 earnings per share. The company's revenue 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 forecast that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Tuesday, July 15th were given a $0.25 dividend. The ex-dividend date was Tuesday, July 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.2%. 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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