Vestmark Advisory Solutions Inc. Acquires 8,148 Shares of EMCOR Group, Inc. $EME

Key Points

• Vestmark Advisory Solutions Inc. increased its holdings in EMCOR Group by 85.7%, owning 17,654 shares worth approximately $6.53 million after acquiring an additional 8,148 shares in Q1.
• EMCOR Group reported a 7.07% net margin and year-over-year revenue growth of 17.4%, with earnings per share of $6.72 for the last quarter, surpassing estimates.
• The company declared a quarterly dividend of $0.25, reflecting an annualized yield of 0.2%, with a low payout ratio of 4.15%.

Vestmark Advisory Solutions Inc. boosted its holdings in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 85.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,654 shares of the construction company's stock after buying an additional 8,148 shares during the period. Vestmark Advisory Solutions Inc.'s holdings in EMCOR Group were worth $6,525,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Private Trust Co. NA increased its position in shares of EMCOR Group by 28.6% in the 1st quarter. Private Trust Co. NA now owns 279 shares of the construction company's stock valued at $103,000 after acquiring an additional 62 shares during the period. Janney Montgomery Scott LLC grew its position in shares of EMCOR Group by 20.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 19,796 shares of the construction company's stock valued at $7,317,000 after acquiring an additional 3,407 shares during the period. Redwood Investment Management LLC acquired a new stake in EMCOR Group in the fourth quarter valued at approximately $1,417,000. Cambridge Investment Research Advisors Inc. grew its position in shares of EMCOR Group by 146.6% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 10,700 shares of the construction company's stock valued at $3,955,000 after purchasing an additional 6,361 shares during the period. Finally, Fifth Third Bancorp boosted its holdings in EMCOR Group by 17.5% in 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. 92.59% of the stock is owned by institutional investors and hedge funds.

EMCOR Group Stock Performance

EME traded down $5.8470 during trading on Tuesday, hitting $607.0730. The stock had a trading volume of 104,860 shares, compared to its average volume of 482,741. EMCOR Group, Inc. has a twelve month low of $320.89 and a twelve month high of $667.64. 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's 50-day moving average price is $559.10 and its 200 day moving average price is $466.74. The firm has a market capitalization of $27.17 billion, a P/E ratio of 25.22 and a beta of 1.27.

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. EMCOR Group had a return on equity of 38.01% and a net margin of 7.07%.The company had revenue of $4.30 billion for the quarter, compared to analysts' expectations of $4.10 billion. During the same quarter in the previous year, the firm posted $5.25 EPS. The firm's quarterly 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 EPS for the current fiscal year.

EMCOR Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Tuesday, July 15th were given a dividend of $0.25 per share. The ex-dividend date was Tuesday, July 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.2%. EMCOR Group's dividend payout ratio (DPR) is 4.15%.

Analysts Set New Price Targets

EME has been the topic of several recent analyst reports. William Blair initiated coverage on shares of EMCOR Group in a report on Friday, June 27th. They issued an "outperform" rating on the stock. Stifel Nicolaus boosted their target price on shares of EMCOR Group from $503.00 to $597.00 and gave the company a "buy" rating in a report on Friday, July 11th. Wall Street Zen upgraded EMCOR Group from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 2nd. Baird R W upgraded EMCOR Group to a "strong-buy" rating in a report on Friday, June 27th. Finally, DA Davidson upped their price target on EMCOR Group from $515.00 to $725.00 and gave the company a "buy" rating in a research note on Friday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, EMCOR Group has a consensus rating of "Moderate Buy" and a consensus 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.