Virtus Advisers LLC Takes $1.14 Million Position in EMCOR Group, Inc. $EME

Key Points

• Virtus Advisers LLC has invested approximately $1.14 million in EMCOR Group, acquiring 3,077 shares, making it the firm's 11th largest holding at 1.5% of its portfolio.
• EMCOR Group recently reported earnings of $6.72 per share, exceeding estimates and achieving a revenue of $4.30 billion, a 17.4% increase from the previous year.
• The company declared a quarterly dividend of $0.25, representing a 0.2% yield and maintaining a low payout ratio of 4.15%.

Virtus Advisers LLC bought a new position in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The fund bought 3,077 shares of the construction company's stock, valued at approximately $1,137,000. EMCOR Group accounts for 1.5% of Virtus Advisers LLC's investment portfolio, making the stock its 11th biggest position.

A number of other institutional investors have also modified their holdings of EME. Hsbc Holdings PLC grew its holdings in shares of EMCOR Group by 28.8% during the 4th quarter. Hsbc Holdings PLC now owns 36,515 shares of the construction company's stock worth $16,602,000 after purchasing an additional 8,175 shares during the period. Voya Investment Management LLC grew its holdings in shares of EMCOR Group by 21.7% during the 4th quarter. Voya Investment Management LLC now owns 26,620 shares of the construction company's stock worth $12,083,000 after purchasing an additional 4,749 shares during the period. Nebula Research & Development LLC purchased a new stake in shares of EMCOR Group during the 4th quarter worth about $615,000. Two Sigma Securities LLC grew its holdings in shares of EMCOR Group by 6.6% during the 4th quarter. Two Sigma Securities LLC now owns 1,184 shares of the construction company's stock worth $537,000 after purchasing an additional 73 shares during the period. Finally, Aquatic Capital Management LLC grew its holdings in shares of EMCOR Group by 93.0% during the 4th quarter. Aquatic Capital Management LLC now owns 3,320 shares of the construction company's stock worth $1,507,000 after purchasing an additional 1,600 shares during the period. Hedge funds and other institutional investors own 92.59% of the company's stock.

EMCOR Group Stock Down 2.1%

NYSE EME traded down $13.36 during mid-day trading on Friday, reaching $619.89. 353,374 shares of the company's stock traded hands, compared to its average volume of 310,887. EMCOR Group, Inc. has a 1-year low of $320.89 and a 1-year high of $667.64. The company has a fifty day simple moving average of $583.56 and a 200-day simple moving average of $476.78. The company has a current ratio of 1.18, a quick ratio of 1.15 and a debt-to-equity ratio of 0.08. The company has a market cap of $27.75 billion, a price-to-earnings ratio of 25.72 and a beta of 1.27.

EMCOR Group (NYSE:EME - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The construction company reported $6.72 earnings per share for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $4.10 billion. During the same quarter last year, the firm earned $5.25 EPS. EMCOR Group'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. As a group, equities research analysts expect that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Announces Dividend

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

Analyst Ratings Changes

EME has been the topic of several analyst reports. William Blair initiated coverage on EMCOR Group in a report on Friday, June 27th. They set an "outperform" rating on the stock. Baird R W upgraded EMCOR Group to a "strong-buy" rating in a report on Friday, June 27th. DA Davidson raised their target price on EMCOR Group from $515.00 to $725.00 and gave the company a "buy" rating in a report on Friday, August 1st. The Goldman Sachs Group raised their target price on EMCOR Group from $384.00 to $435.00 and gave the company a "sell" rating in a report on Tuesday, July 8th. Finally, Wall Street Zen upgraded EMCOR Group from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 2nd. One investment 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 given a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $594.50.

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.