EMCOR Group, Inc. $EME Stake Boosted by GAMMA Investing LLC

GAMMA Investing LLC grew its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 44.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,463 shares of the construction company’s stock after purchasing an additional 451 shares during the quarter. GAMMA Investing LLC’s holdings in EMCOR Group were worth $783,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Pacer Advisors Inc. boosted its position in shares of EMCOR Group by 3,878.2% during the first quarter. Pacer Advisors Inc. now owns 534,585 shares of the construction company’s stock worth $197,599,000 after buying an additional 521,147 shares during the period. New Vernon Capital Holdings II LLC acquired a new position in shares of EMCOR Group during the first quarter worth approximately $114,220,000. Jones Financial Companies Lllp boosted its position in shares of EMCOR Group by 56,287.8% during the first quarter. Jones Financial Companies Lllp now owns 286,450 shares of the construction company’s stock worth $105,881,000 after buying an additional 285,942 shares during the period. AQR Capital Management LLC boosted its position in shares of EMCOR Group by 43.6% during the first quarter. AQR Capital Management LLC now owns 703,456 shares of the construction company’s stock worth $253,065,000 after buying an additional 213,631 shares during the period. Finally, Nuveen LLC acquired a new position in shares of EMCOR Group during the first quarter worth approximately $71,821,000. 92.59% of the stock is owned by institutional investors.

Analyst Ratings Changes

EME has been the subject of several analyst reports. William Blair initiated coverage on EMCOR Group in a research report on Thursday, September 11th. They set an “outperform” rating for the company. Hovde Group upgraded EMCOR Group to a “hold” rating in a research report on Friday, June 27th. Northcoast Research downgraded 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. TD Securities began coverage on EMCOR Group in a research report on Friday, June 27th. They issued a “buy” rating for the company. Finally, Wall Street Zen upgraded EMCOR Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, EMCOR Group currently has a consensus rating of “Moderate Buy” and an average price target of $594.50.

EMCOR Group Stock Performance

EME opened at $627.55 on Thursday. The company has a market capitalization of $28.09 billion, a price-to-earnings ratio of 26.04 and a beta of 1.28. 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 business has a 50 day moving average price of $617.37 and a two-hundred day moving average price of $503.94.

EMCOR Group (NYSE:EME) last announced its quarterly earnings data 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 the consensus estimate of $4.10 billion. During the same quarter in the prior year, the firm earned $5.25 EPS. The company’s quarterly 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 predict that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Tuesday, July 15th were given a dividend of $0.25 per share. 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 4.15%.

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.