Voleon Capital Management LP Has $401,000 Stake in EMCOR Group, Inc. $EME

Key Points

• Voleon Capital Management LP reduced its stake in EMCOR Group by 66.1%, selling 2,114 shares and holding 1,085 shares worth approximately $401,000 by the end of the reporting period.
• EMCOR Group's stock has received ratings from analysts, including a “strong-buy” from Baird and a price target increase from DA Davidson, now set at $725.00.
• The company reported earnings of $6.72 per share for the last quarter, exceeding estimates and marking a 17.4% year-over-year revenue increase to nearly $4.30 billion.

Voleon Capital Management LP lessened its holdings in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 66.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,085 shares of the construction company's stock after selling 2,114 shares during the quarter. Voleon Capital Management LP's holdings in EMCOR Group were worth $401,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of EME. BankPlus Trust Department increased its position in EMCOR Group by 200.0% during the first quarter. BankPlus Trust Department now owns 72 shares of the construction company's stock worth $27,000 after buying an additional 48 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in EMCOR Group during the first quarter worth approximately $28,000. Hazlett Burt & Watson Inc. acquired a new position in EMCOR Group during the first quarter worth approximately $30,000. Groupe la Francaise increased its position in EMCOR Group by 79.2% during the first quarter. Groupe la Francaise now owns 86 shares of the construction company's stock worth $33,000 after buying an additional 38 shares during the last quarter. Finally, Pandora Wealth Inc. acquired a new position in EMCOR Group during the first quarter worth approximately $37,000. Institutional investors and hedge funds own 92.59% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on EME. The Goldman Sachs Group boosted their price objective on EMCOR Group from $384.00 to $435.00 and gave the stock a "sell" rating in a report on Tuesday, July 8th. Robert W. Baird began coverage on EMCOR Group in a report on Friday, June 27th. They set an "outperform" rating and a $560.00 price objective for the company. Hovde Group upgraded EMCOR Group to a "hold" rating in a report on Friday, June 27th. Jefferies Financial Group began coverage on EMCOR Group in a report on Friday, June 27th. They set a "buy" rating for the company. Finally, Baird R W upgraded EMCOR Group to a "strong-buy" rating in a report on Friday, June 27th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $594.50.

EMCOR Group Price Performance

Shares of EME traded down $9.73 during trading hours on Monday, reaching $619.36. The stock had a trading volume of 123,089 shares, compared to its average volume of 473,756. EMCOR Group, Inc. has a 12 month low of $320.89 and a 12 month high of $667.64. The stock has a market capitalization of $27.72 billion, a PE ratio of 25.70 and a beta of 1.28. 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 is $604.37 and its two-hundred day moving average is $491.97.

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 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 company had revenue of $4.30 billion during the quarter, compared to analysts' expectations of $4.10 billion. During the same period in the prior year, the company earned $5.25 EPS. EMCOR Group's revenue 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. 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 paid 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 dividend payout ratio 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.