QRG Capital Management Inc. Purchases 510 Shares of EMCOR Group, Inc. $EME

Key Points

• QRG Capital Management Inc. increased its stake in EMCOR Group, purchasing an additional 510 shares, bringing its total holdings to 3,347 shares worth $1.79 million.
• Analysts have a consensus rating of "Moderate Buy" for EMCOR Group with a consensus target price of $634.67, following various upgrades and buy ratings from firms like UBS and Goldman Sachs.
• EMCOR Group declared a quarterly dividend of $0.25, set to be paid on October 30th, signaling a modest dividend yield of 0.1% and reflecting a dividend payout ratio of 4.15%.

QRG Capital Management Inc. boosted its position in EMCOR Group, Inc. (NYSE:EME - Free Report) by 18.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,347 shares of the construction company's stock after buying an additional 510 shares during the period. QRG Capital Management Inc.'s holdings in EMCOR Group were worth $1,790,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Private Trust Co. NA increased its holdings in EMCOR Group by 28.6% during the 1st quarter. Private Trust Co. NA now owns 279 shares of the construction company's stock worth $103,000 after purchasing an additional 62 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in EMCOR Group by 20.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 19,796 shares of the construction company's stock worth $7,317,000 after purchasing an additional 3,407 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in 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 worth $3,955,000 after purchasing an additional 6,361 shares in the last quarter. Fifth Third Bancorp increased its holdings in EMCOR Group by 17.5% during the 1st quarter. Fifth Third Bancorp now owns 844 shares of the construction company's stock worth $312,000 after purchasing an additional 126 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in EMCOR Group by 34.9% during the 1st quarter. GAMMA Investing LLC now owns 1,012 shares of the construction company's stock worth $374,000 after purchasing an additional 262 shares in the last quarter. 92.59% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. 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. Weiss Ratings reissued a "buy (b)" rating on shares of EMCOR Group in a report on Saturday, September 27th. Jefferies Financial Group assumed coverage on EMCOR Group in a report on Friday, June 27th. They set a "buy" rating for the company. Robert W. Baird initiated 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. Finally, The Goldman Sachs Group upgraded EMCOR Group from a "sell" rating to a "neutral" rating and set a $676.00 price objective on the stock in a research note on Tuesday. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $634.67.

EMCOR Group Trading Up 0.5%

Shares of EME stock opened at $673.59 on Wednesday. The company's fifty day simple moving average is $628.82 and its two-hundred day simple moving average is $521.45. 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 1 year low of $320.89 and a 1 year high of $685.82. The stock has a market capitalization of $30.15 billion, a price-to-earnings ratio of 27.95 and a beta of 1.24.

EMCOR Group (NYSE:EME - Get Free Report) last issued its earnings results on Thursday, July 31st. The construction company reported $6.72 earnings per share (EPS) 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 business had revenue of $4.30 billion for the quarter, compared to analysts' expectations of $4.10 billion. During the same quarter in the previous year, the firm posted $5.25 EPS. The business'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 earnings per share for the current year.

EMCOR Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 30th. Stockholders of record on Wednesday, October 15th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, October 15th. This represents a $1.00 annualized dividend and a dividend yield of 0.1%. EMCOR Group's dividend payout ratio is presently 4.15%.

About EMCOR Group

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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