Belpointe Asset Management LLC Buys Shares of 750 EMCOR Group, Inc. $EME

Belpointe Asset Management LLC acquired a new stake in shares of EMCOR Group, Inc. (NYSE:EME) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 750 shares of the construction company’s stock, valued at approximately $277,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EME. AQR Capital Management LLC raised its stake in shares of EMCOR Group by 43.6% during the 1st quarter. AQR Capital Management LLC now owns 703,456 shares of the construction company’s stock valued at $253,065,000 after buying an additional 213,631 shares during the last quarter. Northern Trust Corp grew its position in shares of EMCOR Group by 3.7% during the 1st quarter. Northern Trust Corp now owns 571,487 shares of the construction company’s stock valued at $211,239,000 after acquiring an additional 20,604 shares during the period. Pacer Advisors Inc. grew its position in shares of EMCOR Group by 3,878.2% during the 1st quarter. Pacer Advisors Inc. now owns 534,585 shares of the construction company’s stock valued at $197,599,000 after acquiring an additional 521,147 shares during the period. Burgundy Asset Management Ltd. grew its position in shares of EMCOR Group by 6.9% during the 1st quarter. Burgundy Asset Management Ltd. now owns 515,522 shares of the construction company’s stock valued at $190,552,000 after acquiring an additional 33,069 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its position in shares of EMCOR Group by 6.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 457,661 shares of the construction company’s stock valued at $171,852,000 after acquiring an additional 28,038 shares during the period. Hedge funds and other institutional investors own 92.59% of the company’s stock.

EMCOR Group Stock Performance

NYSE EME opened at $627.74 on Tuesday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.18 and a quick ratio of 1.15. EMCOR Group, Inc. has a 1 year low of $320.89 and a 1 year high of $667.64. The company has a market capitalization of $28.10 billion, a PE ratio of 26.05 and a beta of 1.28. The company has a fifty day moving average of $605.92 and a two-hundred day moving average of $493.51.

EMCOR Group (NYSE:EME) last announced its earnings results on Thursday, July 31st. The construction company reported $6.72 earnings per share for the quarter, topping the consensus estimate of $5.68 by $1.04. The business had revenue of $4.30 billion during the quarter, compared to the consensus estimate of $4.10 billion. EMCOR Group had a net margin of 7.07% and a return on equity of 38.01%. The business’s quarterly revenue was up 17.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $5.25 earnings per share. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 EPS. As a group, analysts expect that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Tuesday, July 15th were issued a $0.25 dividend. The ex-dividend date of this dividend 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%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. William Blair assumed coverage on EMCOR Group in a report on Thursday, September 11th. They issued an “outperform” rating on the stock. Baird R W upgraded EMCOR Group to a “strong-buy” rating in a report on Friday, June 27th. The Goldman Sachs Group lifted 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 assumed coverage on EMCOR Group in a report on Friday, June 27th. They issued an “outperform” rating and a $560.00 price objective on the stock. 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 issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price 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.