Quarry LP Takes $308,000 Position in EMCOR Group, Inc. $EME

Key Points

• Quarry LP has increased its stake in EMCOR Group, purchasing 834 shares valued at approximately $308,000 in the first quarter.
• EMCOR Group's recent earnings report revealed an EPS of $6.72, exceeding analysts' expectations by $1.04, and a revenue increase of 17.4% year-over-year.
• The company recently declared a quarterly dividend of $0.25 per share, translating to an annualized yield of 0.2% and a payout ratio of 4.15%.

Quarry LP bought a new stake in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 834 shares of the construction company's stock, valued at approximately $308,000.

A number of other hedge funds have also made changes to their positions in the company. Continuum Advisory LLC raised its holdings in shares of EMCOR Group by 53.7% during the fourth quarter. Continuum Advisory LLC now owns 83 shares of the construction company's stock valued at $38,000 after acquiring an additional 29 shares during the last quarter. Alps Advisors Inc. raised its holdings in shares of EMCOR Group by 3.4% during the first quarter. Alps Advisors Inc. now owns 908 shares of the construction company's stock valued at $336,000 after acquiring an additional 30 shares during the last quarter. Allworth Financial LP raised its holdings in shares of EMCOR Group by 17.9% during the first quarter. Allworth Financial LP now owns 217 shares of the construction company's stock valued at $87,000 after acquiring an additional 33 shares during the last quarter. Kathmere Capital Management LLC raised its holdings in shares of EMCOR Group by 3.6% during the first quarter. Kathmere Capital Management LLC now owns 1,026 shares of the construction company's stock valued at $379,000 after acquiring an additional 36 shares during the last quarter. Finally, Wedbush Securities Inc. raised its holdings in shares of EMCOR Group by 2.4% during the first quarter. Wedbush Securities Inc. now owns 1,600 shares of the construction company's stock valued at $591,000 after acquiring an additional 38 shares during the last quarter. Institutional investors and hedge funds own 92.59% of the company's stock.

EMCOR Group Trading Up 1.0%

EMCOR Group stock traded up $6.05 during mid-day trading on Wednesday, hitting $626.46. The company's stock had a trading volume of 303,234 shares, compared to its average volume of 286,108. The firm has a market capitalization of $28.04 billion, a PE ratio of 25.99 and a beta of 1.28. EMCOR Group, Inc. has a 1 year low of $320.89 and a 1 year high of $667.64. The company has a current ratio of 1.18, a quick ratio of 1.15 and a debt-to-equity ratio of 0.08. The stock's fifty day moving average is $590.91 and its two-hundred day moving average is $480.48.

EMCOR Group (NYSE:EME - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The construction company reported $6.72 EPS 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 company had revenue of $4.30 billion for the quarter, compared to analysts' expectations of $4.10 billion. During the same period in the prior year, the firm earned $5.25 earnings per share. The firm's revenue 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. On average, analysts anticipate that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Shareholders 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 yield of 0.2%. The ex-dividend date was Tuesday, July 15th. EMCOR Group's dividend payout ratio is 4.15%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. TD Securities began coverage on EMCOR Group in a report on Friday, June 27th. They set a "buy" rating for the company. Stifel Nicolaus upped their price target on EMCOR Group from $503.00 to $597.00 and gave the company a "buy" rating in a research report on Friday, July 11th. The Goldman Sachs Group upped their price target on EMCOR Group from $384.00 to $435.00 and gave the company a "sell" rating in a research report on Tuesday, July 8th. Jefferies Financial Group began coverage on EMCOR Group in a research report on Friday, June 27th. They issued a "buy" rating for the company. Finally, Hovde Group upgraded EMCOR Group to a "hold" rating in a research report on Friday, June 27th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $594.50.

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.