Prime Capital Investment Advisors LLC Makes New $287,000 Investment in EMCOR Group, Inc. $EME

Key Points

• Prime Capital Investment Advisors LLC made a new investment of approximately $287,000 in EMCOR Group, purchasing 537 shares during the 2nd quarter.
• Hedge funds hold a significant 92.59% of EMCOR Group's stock, with several funds increasing their stakes in the company recently.
• EMCOR Group reported earnings per share of $6.72 for the last quarter, exceeding analyst estimates, and also announced a quarterly dividend of $0.25 per share.

Prime Capital Investment Advisors LLC purchased a new position in EMCOR Group, Inc. (NYSE:EME - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 537 shares of the construction company's stock, valued at approximately $287,000.

Several other hedge funds have also bought and sold shares of the stock. Belpointe Asset Management LLC lifted its stake in EMCOR Group by 4.3% in the 2nd quarter. Belpointe Asset Management LLC now owns 782 shares of the construction company's stock worth $418,000 after purchasing an additional 32 shares in the last quarter. Knights of Columbus Asset Advisors LLC lifted its stake in EMCOR Group by 37.4% in the 2nd quarter. Knights of Columbus Asset Advisors LLC now owns 11,391 shares of the construction company's stock worth $6,093,000 after purchasing an additional 3,100 shares in the last quarter. Brown Miller Wealth Management LLC lifted its stake in EMCOR Group by 12.3% in the 2nd quarter. Brown Miller Wealth Management LLC now owns 746 shares of the construction company's stock worth $399,000 after purchasing an additional 82 shares in the last quarter. OLD National Bancorp IN purchased a new stake in shares of EMCOR Group during the 2nd quarter valued at about $240,000. Finally, Willner & Heller LLC purchased a new stake in shares of EMCOR Group during the 2nd quarter valued at about $243,000. Hedge funds and other institutional investors own 92.59% of the company's stock.

Wall Street Analyst Weigh In

EME has been the topic of several recent research reports. Stifel Nicolaus upped their target price on shares of EMCOR Group from $503.00 to $597.00 and gave the company a "buy" rating in a research report on Friday, July 11th. Northcoast Research cut shares of EMCOR Group from a "buy" rating to a "neutral" rating and set a $500.00 target price on the stock. in a research report on Thursday, August 7th. Robert W. Baird initiated coverage on shares of EMCOR Group in a research report on Friday, June 27th. They set an "outperform" rating and a $560.00 target price on the stock. William Blair started coverage on shares of EMCOR Group in a research report on Thursday, September 11th. They set an "outperform" rating on the stock. Finally, UBS Group set a $750.00 price objective on shares of EMCOR Group and gave the stock a "buy" rating in a research note on Tuesday, August 5th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $634.67.

EMCOR Group Stock Down 2.5%

EME opened at $663.92 on Friday. EMCOR Group, Inc. has a fifty-two week low of $320.89 and a fifty-two week high of $697.91. 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 company has a fifty day moving average of $631.80 and a two-hundred day moving average of $527.16. The stock has a market capitalization of $29.72 billion, a price-to-earnings ratio of 27.55 and a beta of 1.24.

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, beating the consensus estimate of $5.68 by $1.04. The business had revenue of $4.30 billion for the quarter, compared to analyst estimates of $4.10 billion. EMCOR Group had a net margin of 7.07% and a return on equity of 38.01%. The company's revenue for the quarter was up 17.4% compared to the same quarter last year. During the same quarter last year, the business earned $5.25 earnings per share. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 EPS. On average, research analysts expect that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 30th. Stockholders of record on Wednesday, October 15th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Wednesday, October 15th. EMCOR Group's 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.

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