VIRGINIA RETIREMENT SYSTEMS ET Al Purchases New Stake in EMCOR Group, Inc. $EME

Key Points

• The Virginia Retirement Systems acquired 54,400 shares of EMCOR Group, Inc. valued at approximately $29.1 million, bringing their total ownership to about 0.12% of the company.
• Several brokerages have raised their price targets on EMCOR Group, with Stifel Nicolaus setting a target of $718 and DA Davidson raising it to $725, both maintaining a "buy" rating.
• EMCOR Group recently declared a quarterly dividend of $0.25 per share, amounting to a 0.1% dividend yield, with the payment scheduled for October 30th.

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in EMCOR Group, Inc. (NYSE:EME - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 54,400 shares of the construction company's stock, valued at approximately $29,098,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned approximately 0.12% of EMCOR Group at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. McLean Asset Management Corp boosted its holdings in shares of EMCOR Group by 2.8% during the second quarter. McLean Asset Management Corp now owns 700 shares of the construction company's stock worth $379,000 after purchasing an additional 19 shares during the period. Park Place Capital Corp lifted its position in EMCOR Group by 6.9% in the 2nd quarter. Park Place Capital Corp now owns 308 shares of the construction company's stock worth $164,000 after buying an additional 20 shares in the last quarter. NBC Securities Inc. boosted its stake in shares of EMCOR Group by 0.7% during the 2nd quarter. NBC Securities Inc. now owns 3,170 shares of the construction company's stock valued at $1,695,000 after buying an additional 23 shares during the period. Institute for Wealth Management LLC. grew its holdings in shares of EMCOR Group by 2.2% during the 2nd quarter. Institute for Wealth Management LLC. now owns 1,051 shares of the construction company's stock valued at $562,000 after acquiring an additional 23 shares in the last quarter. Finally, McGlone Suttner Wealth Management Inc. increased its stake in shares of EMCOR Group by 1.9% in the second quarter. McGlone Suttner Wealth Management Inc. now owns 1,518 shares of the construction company's stock worth $812,000 after acquiring an additional 29 shares during the last quarter. Hedge funds and other institutional investors own 92.59% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have commented on EME. Stifel Nicolaus boosted their target price on EMCOR Group from $692.00 to $718.00 and gave the company a "buy" rating in a research note on Monday, October 13th. DA Davidson lifted their price target on EMCOR Group from $515.00 to $725.00 and gave the company a "buy" rating in a report on Friday, August 1st. Jefferies Financial Group assumed coverage on EMCOR Group in a research note on Friday, June 27th. They issued a "buy" rating for the company. Wall Street Zen raised shares of EMCOR Group from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 2nd. Finally, Hovde Group upgraded shares of EMCOR Group to a "hold" rating in a research note on Friday, June 27th. 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 company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $654.83.

EMCOR Group Stock Up 0.4%

Shares of EME stock opened at $689.81 on Monday. The company has a market capitalization of $30.88 billion, a price-to-earnings ratio of 28.62 and a beta of 1.24. 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 stock's 50 day simple moving average is $638.04 and its 200 day simple moving average is $539.15. EMCOR Group, Inc. has a twelve month low of $320.89 and a twelve month high of $697.91.

EMCOR Group (NYSE:EME - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The construction company reported $6.72 EPS 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 company had revenue of $4.30 billion for the quarter, compared to the consensus estimate of $4.10 billion. During the same quarter last year, the company posted $5.25 earnings per share. The company's revenue for the quarter was up 17.4% compared to the same quarter last year. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 EPS. As a group, research analysts predict that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 30th. Stockholders of record on Wednesday, October 15th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Wednesday, October 15th. EMCOR Group's dividend payout ratio (DPR) is currently 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.

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