Redwood Investment Management LLC Has $1.32 Million Stock Position in EMCOR Group, Inc. $EME

Key Points

• Redwood Investment Management LLC increased its holdings in EMCOR Group, Inc. by 14.2%, acquiring a total of 3,564 shares valued at approximately $1.32 million.
• EMCOR Group's quarterly earnings exceeded expectations, reporting $6.72 EPS against a forecast of $5.68, with a revenue increase of 17.4% year-over-year.
• Wall Street analysts have a consensus rating of "Moderate Buy" for EMCOR Group, with a target price of $594.50, after several brokerages upgraded their ratings.

Redwood Investment Management LLC raised its holdings in EMCOR Group, Inc. (NYSE:EME - Free Report) by 14.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,564 shares of the construction company's stock after purchasing an additional 442 shares during the quarter. Redwood Investment Management LLC's holdings in EMCOR Group were worth $1,317,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Select Equity Group L.P. boosted its holdings in shares of EMCOR Group by 1.6% in the 4th quarter. Select Equity Group L.P. now owns 1,064,003 shares of the construction company's stock valued at $482,951,000 after purchasing an additional 16,563 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of EMCOR Group by 3.7% in the 1st quarter. Northern Trust Corp now owns 571,487 shares of the construction company's stock valued at $211,239,000 after purchasing an additional 20,604 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in shares of EMCOR Group by 3,878.2% in the 1st quarter. Pacer Advisors Inc. now owns 534,585 shares of the construction company's stock valued at $197,599,000 after purchasing an additional 521,147 shares in the last quarter. Burgundy Asset Management Ltd. boosted its holdings in shares of EMCOR Group by 6.9% in the 1st quarter. Burgundy Asset Management Ltd. now owns 515,522 shares of the construction company's stock valued at $190,552,000 after purchasing an additional 33,069 shares in the last quarter. Finally, AQR Capital Management LLC boosted its holdings in shares of EMCOR Group by 13.6% in the 4th quarter. AQR Capital Management LLC now owns 489,825 shares of the construction company's stock valued at $222,332,000 after purchasing an additional 58,483 shares in the last quarter. Institutional investors and hedge funds own 92.59% of the company's stock.

EMCOR Group Trading Down 2.1%

EME traded down $13.36 during midday trading on Friday, hitting $619.89. 353,374 shares of the company were exchanged, compared to its average volume of 310,887. The firm has a market capitalization of $27.75 billion, a P/E ratio of 25.72 and a beta of 1.27. EMCOR Group, Inc. has a 1-year low of $320.89 and a 1-year high of $667.64. The firm's 50 day moving average price is $583.56 and its 200-day moving average price is $476.78. 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 announced its earnings results on Thursday, July 31st. The construction company reported $6.72 EPS for the quarter, topping the consensus estimate of $5.68 by $1.04. The firm had revenue of $4.30 billion for the quarter, compared to the consensus estimate of $4.10 billion. EMCOR Group had a return on equity of 38.01% and a net margin of 7.07%.The business's quarterly revenue was up 17.4% compared to the same quarter last year. During the same period in the previous year, the business earned $5.25 EPS. 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 EPS for the current fiscal year.

EMCOR Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Tuesday, July 15th were given a dividend of $0.25 per share. The ex-dividend date was Tuesday, July 15th. This represents a $1.00 annualized dividend and a dividend yield of 0.2%. EMCOR Group's dividend payout ratio is presently 4.15%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on EME shares. Hovde Group raised EMCOR Group to a "hold" rating in a report on Friday, June 27th. Baird R W raised EMCOR Group to a "strong-buy" rating in a report on Friday, June 27th. Northcoast Research downgraded EMCOR Group from a "buy" rating to a "neutral" rating and set a $500.00 price objective on the stock. in a report on Thursday, August 7th. The Goldman Sachs Group raised their price objective on EMCOR Group from $384.00 to $435.00 and gave the company a "sell" rating in a report on Tuesday, July 8th. Finally, Robert W. Baird started coverage on EMCOR Group in a report on Friday, June 27th. They set an "outperform" rating and a $560.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price 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.