Strs Ohio Purchases New Shares in EMCOR Group, Inc. $EME

Strs Ohio purchased a new stake in EMCOR Group, Inc. (NYSE:EME) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 19,853 shares of the construction company’s stock, valued at approximately $7,338,000.

Other large investors have also added to or reduced their stakes in the company. Private Trust Co. NA boosted its holdings in EMCOR Group by 28.6% in the first 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 in the last quarter. Janney Montgomery Scott LLC boosted its holdings in EMCOR Group by 20.8% in the first 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 in the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in 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 acquiring an additional 6,361 shares in the last quarter. Fifth Third Bancorp boosted its holdings in EMCOR Group by 17.5% in the first quarter. Fifth Third Bancorp now owns 844 shares of the construction company’s stock valued at $312,000 after acquiring an additional 126 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in EMCOR Group by 34.9% in the first quarter. GAMMA Investing LLC now owns 1,012 shares of the construction company’s stock valued at $374,000 after acquiring an additional 262 shares in the last quarter. Institutional investors own 92.59% of the company’s stock.

EMCOR Group Price Performance

EME opened at $629.79 on Monday. The stock has a 50-day moving average price of $604.37 and a 200-day moving average price of $491.97. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.18 and a quick ratio of 1.15. The firm has a market cap of $28.19 billion, a PE ratio of 26.13 and a beta of 1.28. EMCOR Group, Inc. has a 1 year low of $320.89 and a 1 year high of $667.64.

EMCOR Group (NYSE:EME) last posted its quarterly 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. The firm had revenue of $4.30 billion during the quarter, compared to analyst estimates of $4.10 billion. EMCOR Group had a return on equity of 38.01% and a net margin of 7.07%.EMCOR Group’s quarterly revenue was up 17.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $5.25 EPS. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 EPS. Sell-side analysts predict that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. UBS Group set a $750.00 price target on shares of EMCOR Group and gave the company a “buy” rating in a report on Tuesday, August 5th. William Blair initiated coverage on EMCOR Group in a research report on Thursday. They set an “outperform” rating for the company. DA Davidson raised their price objective on EMCOR Group from $515.00 to $725.00 and gave the company a “buy” rating in a research report on Friday, August 1st. Stifel Nicolaus raised their price objective on EMCOR Group from $503.00 to $597.00 and gave the company a “buy” rating in a research report on Friday, July 11th. Finally, Northcoast Research lowered EMCOR Group from a “buy” rating to a “neutral” rating and set a $500.00 price objective for the company. in a research report on Thursday, August 7th. One investment 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 issued a Sell rating to the company. Based on data from MarketBeat, EMCOR Group has a consensus rating of “Moderate Buy” and an average 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.