Roberts Capital Advisors LLC Invests $519,000 in EMCOR Group, Inc. (NYSE:EME)

Key Points

• Roberts Capital Advisors LLC has invested $519,000 in EMCOR Group by purchasing 1,405 shares, indicating institutional interest in the construction company.
• EMCOR Group recently reported a quarterly earnings per share of $6.72, exceeding analyst expectations and showing a 17.4% increase in revenue compared to the previous year.
• Wall Street analysts have mixed to optimistic views on EMCOR Group, with a current average rating of "Moderate Buy" and a target price of $594.50.

Roberts Capital Advisors LLC purchased a new position in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 1,405 shares of the construction company's stock, valued at approximately $519,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. True Wealth Design LLC raised its stake in shares of EMCOR Group by 24.3% during the 4th quarter. True Wealth Design LLC now owns 133 shares of the construction company's stock worth $60,000 after purchasing an additional 26 shares in the last quarter. GeoWealth Management LLC raised its stake in shares of EMCOR Group by 12.4% in the 4th quarter. GeoWealth Management LLC now owns 253 shares of the construction company's stock valued at $115,000 after acquiring an additional 28 shares in the last quarter. Continuum Advisory LLC raised its stake in shares of EMCOR Group by 53.7% in the 4th quarter. Continuum Advisory LLC now owns 83 shares of the construction company's stock valued at $38,000 after acquiring an additional 29 shares in the last quarter. Alps Advisors Inc. raised its stake in shares of EMCOR Group by 3.4% in the 1st quarter. Alps Advisors Inc. now owns 908 shares of the construction company's stock valued at $336,000 after acquiring an additional 30 shares in the last quarter. Finally, Allworth Financial LP raised its stake in shares of EMCOR Group by 17.9% in the 1st quarter. Allworth Financial LP now owns 217 shares of the construction company's stock valued at $87,000 after acquiring an additional 33 shares in the last quarter. 92.59% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on EME shares. Robert W. Baird started coverage on EMCOR Group in a research note on Friday, June 27th. They issued an "outperform" rating and a $560.00 price objective on the stock. Wall Street Zen raised EMCOR Group from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 2nd. Jefferies Financial Group initiated coverage on EMCOR Group in a research note on Friday, June 27th. They issued a "buy" rating on the stock. TD Securities initiated coverage on EMCOR Group in a report on Friday, June 27th. They issued a "buy" rating on the stock. Finally, DA Davidson raised their target price on EMCOR Group from $515.00 to $725.00 and gave the company a "buy" rating in a report on Friday, August 1st. One analyst has rated the stock with a sell rating, two have issued a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, EMCOR Group presently has an average rating of "Moderate Buy" and an average price target of $594.50.

EMCOR Group Stock Performance

EME opened at $605.13 on Friday. EMCOR Group, Inc. has a 12-month low of $320.89 and a 12-month high of $667.64. The firm has a market capitalization of $27.09 billion, a P/E ratio of 25.11 and a beta of 1.27. The stock's 50 day moving average price is $556.32 and its two-hundred day moving average price is $465.31. 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 quarterly earnings data on Thursday, July 31st. The construction company reported $6.72 earnings per share for the quarter, topping the consensus estimate 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 analyst estimates of $4.10 billion. During the same quarter last year, the firm earned $5.25 EPS. EMCOR Group's revenue for the quarter was up 17.4% compared to the same quarter last year. On average, equities analysts forecast that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Tuesday, July 15th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Tuesday, July 15th. EMCOR Group's dividend payout ratio (DPR) is presently 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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