Shell Asset Management Co. Buys 958 Shares of EMCOR Group, Inc. $EME

Shell Asset Management Co. grew its stake in EMCOR Group, Inc. (NYSE:EME - Free Report) by 22.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,148 shares of the construction company's stock after purchasing an additional 958 shares during the period. Shell Asset Management Co.'s holdings in EMCOR Group were worth $2,754,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. BankPlus Trust Department grew its stake in shares of EMCOR Group by 200.0% in the 1st quarter. BankPlus Trust Department now owns 72 shares of the construction company's stock valued at $27,000 after purchasing an additional 48 shares during the period. Migdal Insurance & Financial Holdings Ltd. bought a new stake in EMCOR Group during the 1st quarter worth approximately $28,000. Hazlett Burt & Watson Inc. bought a new stake in EMCOR Group during the 1st quarter worth approximately $30,000. Groupe la Francaise grew its position in EMCOR Group by 79.2% during the 1st quarter. Groupe la Francaise now owns 86 shares of the construction company's stock worth $33,000 after acquiring an additional 38 shares during the last quarter. Finally, Pandora Wealth Inc. bought a new stake in EMCOR Group during the 1st quarter worth approximately $37,000. 92.59% of the stock is currently owned by institutional investors.

EMCOR Group Stock Up 0.5%

NYSE:EME opened at $673.59 on Wednesday. The stock's fifty day moving average price is $628.82 and its two-hundred day moving average price is $521.45. EMCOR Group, Inc. has a 52-week low of $320.89 and a 52-week high of $685.82. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.15 and a current ratio of 1.18. The company has a market cap 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 posted its quarterly earnings data 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 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 revenue for the quarter was up 17.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $5.25 EPS. 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 business also recently declared a quarterly dividend, which will be paid on Thursday, October 30th. Stockholders of record on Wednesday, October 15th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, October 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.1%. EMCOR Group's dividend payout ratio is 4.15%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on EME shares. Jefferies Financial Group started coverage on EMCOR Group in a research report on Friday, June 27th. They set a "buy" rating on the stock. The Goldman Sachs Group upgraded EMCOR Group from a "sell" rating to a "neutral" rating and set a $676.00 price target on the stock in a research report on Tuesday. William Blair started coverage on EMCOR Group in a research report on Thursday, September 11th. They set an "outperform" rating on the stock. Wall Street Zen upgraded EMCOR Group from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 2nd. Finally, DA Davidson increased their price target on EMCOR Group from $515.00 to $725.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. 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 stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $634.67.

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.

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