Sequoia Financial Advisors LLC Grows Stock Holdings in EMCOR Group, Inc. $EME

Key Points

• Sequoia Financial Advisors LLC increased its stake in EMCOR Group, Inc. by 50.6%, now owning 1,191 shares worth approximately $637,000.
• EMCOR Group reported earnings of $6.72 per share for the last quarter, surpassing estimates, with a revenue of $4.30 billion, representing a 17.4% year-over-year increase.
• The company has announced a $0.25 quarterly dividend, with dividends to be paid on October 30th, reflecting a low payout ratio of 4.15%.

Sequoia Financial Advisors LLC boosted its stake in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 50.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,191 shares of the construction company's stock after purchasing an additional 400 shares during the period. Sequoia Financial Advisors LLC's holdings in EMCOR Group were worth $637,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in EME. Pacer Advisors Inc. boosted its stake 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 worth $197,599,000 after buying an additional 521,147 shares during the last quarter. New Vernon Capital Holdings II LLC purchased a new position in EMCOR Group in the first quarter worth about $114,220,000. Jones Financial Companies Lllp grew its stake in shares of EMCOR Group by 56,287.8% during the 1st quarter. Jones Financial Companies Lllp now owns 286,450 shares of the construction company's stock valued at $105,881,000 after purchasing an additional 285,942 shares during the period. AQR Capital Management LLC increased its position in shares of EMCOR Group by 43.6% during the 1st quarter. AQR Capital Management LLC now owns 703,456 shares of the construction company's stock valued at $253,065,000 after purchasing an additional 213,631 shares during the last quarter. Finally, Nuveen LLC bought a new position in shares of EMCOR Group in the 1st quarter worth approximately $71,821,000. Institutional investors own 92.59% of the company's stock.

EMCOR Group Price Performance

NYSE:EME opened at $689.81 on Monday. The business's 50-day simple moving average is $638.04 and its two-hundred day simple moving average is $539.15. EMCOR Group, Inc. has a 52 week low of $320.89 and a 52 week high of $697.91. The stock has a market cap of $30.88 billion, a PE ratio of 28.62 and a beta of 1.24. 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 released its earnings results on Thursday, July 31st. The construction company reported $6.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.68 by $1.04. The firm had revenue of $4.30 billion during the quarter, compared to analysts' expectations of $4.10 billion. EMCOR Group had a return on equity of 38.01% and a net margin of 7.07%.The firm's revenue was up 17.4% on a year-over-year basis. During the same quarter last year, the business posted $5.25 earnings per share. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 EPS. As a group, analysts forecast that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Announces Dividend

The business also recently announced 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. This represents a $1.00 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Wednesday, October 15th. EMCOR Group's payout ratio is 4.15%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Robert W. Baird began coverage on shares of EMCOR Group in a research note on Friday, June 27th. They set an "outperform" rating and a $560.00 price target on the stock. Northcoast Research downgraded 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. Jefferies Financial Group initiated coverage on EMCOR Group in a research report on Friday, June 27th. They issued a "buy" rating for the company. Stifel Nicolaus raised their price objective on EMCOR Group from $692.00 to $718.00 and gave the stock a "buy" rating in a research note on Monday, October 13th. Finally, William Blair started coverage on EMCOR Group in a research note on Thursday, September 11th. They set an "outperform" rating for the company. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $654.83.

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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