Belpointe Asset Management LLC Acquires 32 Shares of EMCOR Group, Inc. $EME

Belpointe Asset Management LLC lifted its holdings in EMCOR Group, Inc. (NYSE:EME) by 4.3% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 782 shares of the construction company’s stock after buying an additional 32 shares during the quarter. Belpointe Asset Management LLC’s holdings in EMCOR Group were worth $418,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in EME. BankPlus Trust Department raised its holdings in EMCOR Group by 200.0% during the 1st quarter. BankPlus Trust Department now owns 72 shares of the construction company’s stock worth $27,000 after purchasing an additional 48 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in EMCOR Group during the 1st quarter worth about $28,000. Hazlett Burt & Watson Inc. bought a new stake in EMCOR Group during the 1st quarter worth about $30,000. Groupe la Francaise raised its holdings in EMCOR Group by 79.2% during the 1st quarter. Groupe la Francaise now owns 86 shares of the construction company’s stock worth $33,000 after purchasing an additional 38 shares during the last quarter. Finally, Pandora Wealth Inc. bought a new stake in EMCOR Group during the 1st quarter worth about $37,000. 92.59% of the stock is owned by institutional investors.

EMCOR Group Price Performance

EMCOR Group stock opened at $663.92 on Friday. The firm has a market capitalization of $29.72 billion, a P/E ratio of 27.55 and a beta of 1.24. EMCOR Group, Inc. has a 1 year low of $320.89 and a 1 year high of $697.91. The business has a 50-day moving average of $631.80 and a 200-day moving average of $526.23. The company has a current ratio of 1.18, a quick ratio of 1.15 and a debt-to-equity ratio of 0.08.

EMCOR Group (NYSE:EME) last posted its 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. 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 analyst estimates of $4.10 billion. During the same period in the previous year, the company earned $5.25 EPS. The company’s revenue for the quarter 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. On average, equities analysts anticipate that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 30th. Investors of record on Wednesday, October 15th will be given a $0.25 dividend. The ex-dividend date is Wednesday, October 15th. This represents a $1.00 annualized dividend and a dividend yield of 0.2%. EMCOR Group’s payout ratio is currently 4.15%.

Analyst Ratings Changes

Several brokerages have weighed in on EME. Hovde Group raised EMCOR Group to a “hold” rating in a report on Friday, June 27th. Stifel Nicolaus boosted their price objective on EMCOR Group from $503.00 to $597.00 and gave the stock a “buy” rating in a report on Friday, July 11th. Northcoast Research cut EMCOR Group from a “buy” rating to a “neutral” rating and set a $500.00 price objective for the company. in a report on Thursday, August 7th. Zacks Research raised EMCOR Group from a “hold” rating to a “strong-buy” rating in a report on Friday, September 12th. Finally, DA Davidson boosted their target price on EMCOR Group from $515.00 to $725.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, EMCOR Group has a consensus rating of “Moderate Buy” and a consensus price target of $634.67.

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.