Verdence Capital Advisors LLC Takes $3.02 Million Position in EMCOR Group, Inc. $EME

Key Points

• Verdence Capital Advisors LLC has acquired a new stake in EMCOR Group, Inc., investing approximately $3.02 million to purchase 5,636 shares in the second quarter.
• Analysts have mixed ratings for EMCOR Group, with a consensus rating of "Moderate Buy" and an average price target of $634.67, reflecting varied expectations for future growth.
• EMCOR Group recently announced a quarterly dividend of $0.25 per share, with an ex-dividend date of October 15th, representing an annual yield of 0.2%.

Verdence Capital Advisors LLC bought a new stake in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 5,636 shares of the construction company's stock, valued at approximately $3,015,000.

Several other institutional investors and hedge funds have also modified their holdings of EME. GAMMA Investing LLC lifted its position in shares of EMCOR Group by 34.9% during the 1st quarter. GAMMA Investing LLC now owns 1,012 shares of the construction company's stock worth $374,000 after buying an additional 262 shares during the last quarter. CX Institutional bought a new stake in shares of EMCOR Group during the 1st quarter worth $95,000. Fifth Third Bancorp lifted its position in shares of EMCOR Group by 17.5% during the 1st quarter. Fifth Third Bancorp now owns 844 shares of the construction company's stock worth $312,000 after buying an additional 126 shares during the last quarter. Sound Income Strategies LLC lifted its position in shares of EMCOR Group by 2,332.0% during the 1st quarter. Sound Income Strategies LLC now owns 608 shares of the construction company's stock worth $225,000 after buying an additional 583 shares during the last quarter. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lifted its position in shares of EMCOR Group by 628.0% during the 1st quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 23,974 shares of the construction company's stock worth $8,862,000 after buying an additional 20,681 shares during the last quarter. 92.59% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Robert W. Baird initiated coverage on EMCOR Group in a research report on Friday, June 27th. They set an "outperform" rating and a $560.00 price objective for the company. Northcoast Research downgraded EMCOR Group from a "buy" rating to a "neutral" rating and set a $500.00 target price for the company. in a research report on Thursday, August 7th. TD Securities initiated coverage on EMCOR Group in a research report on Friday, June 27th. They issued a "buy" rating for the company. UBS Group set a $750.00 target price on EMCOR Group and gave the company a "buy" rating in a research report on Tuesday, August 5th. Finally, Hovde Group upgraded EMCOR Group to a "hold" rating in a research report on Friday, June 27th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $634.67.

EMCOR Group Trading Down 2.5%

Shares of EME stock opened at $663.92 on Monday. The stock has a market cap of $29.72 billion, a price-to-earnings ratio of 27.55 and a beta of 1.24. The stock has a 50-day moving average of $631.80 and a 200-day moving average of $528.20. The company has a current ratio of 1.18, a quick ratio of 1.15 and a debt-to-equity ratio of 0.08. EMCOR Group, Inc. has a 1-year low of $320.89 and a 1-year high of $697.91.

EMCOR Group (NYSE:EME - Get Free Report) last released its earnings results on Thursday, July 31st. The construction company reported $6.72 EPS 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 business had revenue of $4.30 billion during the quarter, compared to analysts' expectations of $4.10 billion. During the same quarter last year, the firm posted $5.25 earnings per share. The firm's revenue was up 17.4% on a year-over-year basis. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 EPS. On average, equities research analysts forecast that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 30th. Investors of record on Wednesday, October 15th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, October 15th. This represents a $1.00 annualized dividend and a yield of 0.2%. EMCOR Group's dividend payout ratio (DPR) is currently 4.15%.

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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