Tokio Marine Asset Management Co. Ltd. Purchases 1,764 Shares of EMCOR Group, Inc. (NYSE:EME)

Key Points

• Tokio Marine Asset Management Co. Ltd. increased its stake in EMCOR Group by 11.3% in Q1, acquiring an additional 1,764 shares, bringing its total holdings to 17,386 shares valued at approximately $6.43 million.
• EMCOR Group reported strong quarterly earnings, with an EPS of $6.72 surpassing expectations, and a revenue increase of 17.4% year-over-year.
• The firm declared a quarterly dividend of $0.25 per share, indicating a dividend yield of 0.2% and a payout ratio of 4.15%.

Tokio Marine Asset Management Co. Ltd. raised its holdings in EMCOR Group, Inc. (NYSE:EME - Free Report) by 11.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,386 shares of the construction company's stock after purchasing an additional 1,764 shares during the quarter. Tokio Marine Asset Management Co. Ltd.'s holdings in EMCOR Group were worth $6,426,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. BankPlus Trust Department grew its stake in 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 position in shares of EMCOR Group during the 1st quarter worth $28,000. Hazlett Burt & Watson Inc. bought a new position in shares of EMCOR Group during the 1st quarter worth $30,000. Pandora Wealth Inc. bought a new position in shares of EMCOR Group during the 1st quarter worth $37,000. Finally, Continuum Advisory LLC grew its stake in shares of EMCOR Group by 53.7% during the 4th quarter. Continuum Advisory LLC now owns 83 shares of the construction company's stock worth $38,000 after acquiring an additional 29 shares during the period. Institutional investors own 92.59% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on EME. The Goldman Sachs Group increased their price target on EMCOR Group from $384.00 to $435.00 and gave the stock a "sell" rating in a research note on Tuesday, July 8th. Stifel Nicolaus increased their price target on EMCOR Group from $503.00 to $597.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. Jefferies Financial Group began coverage on EMCOR Group in a research note on Friday, June 27th. They set a "buy" rating for the company. Northcoast Research downgraded EMCOR Group from a "buy" rating to a "neutral" rating and set a $500.00 price target for the company. in a research note on Thursday, August 7th. 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 note on Friday, August 1st. One analyst has rated the stock with a sell rating, two have given a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $594.50.

EMCOR Group Price Performance

EME traded down $4.62 during trading on Friday, reaching $605.13. 233,189 shares of the company were exchanged, compared to its average volume of 388,565. The company's 50-day moving average is $556.32 and its two-hundred day moving average is $465.31. The company has a market cap of $27.09 billion, a price-to-earnings ratio of 25.11 and a beta of 1.27. 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, Inc. has a 12-month low of $320.89 and a 12-month high of $667.64.

EMCOR Group (NYSE:EME - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The construction company reported $6.72 earnings per share for the quarter, beating 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 firm had revenue of $4.30 billion for the quarter, compared to analysts' expectations of $4.10 billion. During the same quarter last year, the firm posted $5.25 EPS. The company's revenue was up 17.4% compared to the same quarter last year. Research analysts forecast that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Tuesday, July 15th were issued a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, July 15th. This represents a $1.00 annualized dividend and a dividend yield of 0.2%. 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.