418 Shares in EMCOR Group, Inc. $EME Bought by SVB Wealth LLC

Key Points

• SVB Wealth LLC has acquired a new position in EMCOR Group, purchasing 418 shares valued at approximately $155,000.
• Hedge funds and institutional investors collectively own 92.59% of EMCOR Group's stock, indicating strong institutional interest in the company.
• EMCOR reported an EPS of $6.72 for the last quarter, exceeding expectations, with a projected FY 2025 EPS guidance of 24.500-25.750.

SVB Wealth LLC acquired a new position in EMCOR Group, Inc. (NYSE:EME - Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 418 shares of the construction company's stock, valued at approximately $155,000.

Several other large investors have also recently added to or reduced their stakes in EME. BankPlus Trust Department increased its holdings in shares of EMCOR Group by 200.0% during the first 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. acquired a new stake in EMCOR Group during the first quarter valued at approximately $28,000. Hazlett Burt & Watson Inc. bought a new stake in shares of EMCOR Group during the 1st quarter worth $30,000. Groupe la Francaise increased its stake in EMCOR Group by 79.2% in the 1st quarter. Groupe la Francaise now owns 86 shares of the construction company's stock worth $33,000 after purchasing an additional 38 shares in the last quarter. Finally, Pandora Wealth Inc. purchased a new position in shares of EMCOR Group in the first quarter worth approximately $37,000. 92.59% of the stock is currently owned by institutional investors and hedge funds.

EMCOR Group Trading Up 1.4%

EME traded up $8.50 during trading on Thursday, reaching $632.50. 322,902 shares of the company's stock were exchanged, compared to its average volume of 476,017. The company's fifty day moving average price is $577.92 and its 200-day moving average price is $474.14. The firm has a market capitalization of $28.31 billion, a PE ratio of 26.24 and a beta of 1.27. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.15 and a current ratio of 1.18. EMCOR Group, Inc. has a fifty-two week low of $320.89 and a fifty-two week high of $667.64.

EMCOR Group (NYSE:EME - Get Free Report) last issued its earnings results on Thursday, July 31st. The construction company reported $6.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.68 by $1.04. The firm had revenue of $4.30 billion for 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 company's revenue was up 17.4% compared to the same quarter last year. During the same quarter last year, the business earned $5.25 earnings per share. 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 year.

EMCOR Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Tuesday, July 15th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a 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%.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. William Blair assumed coverage on EMCOR Group in a research report on Friday, June 27th. They set an "outperform" rating on the stock. Hovde Group upgraded EMCOR Group to a "hold" rating in a report on Friday, June 27th. Robert W. Baird began coverage on shares of EMCOR Group in a research note on Friday, June 27th. They issued an "outperform" rating and a $560.00 price objective for the company. Stifel Nicolaus raised their target price on EMCOR Group from $503.00 to $597.00 and gave the company a "buy" rating in a report on Friday, July 11th. Finally, Northcoast Research downgraded shares of 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. 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 issued a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average 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.