IFP Advisors Inc Raises Stake in EMCOR Group, Inc. $EME

IFP Advisors Inc increased its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 9.9% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,959 shares of the construction company’s stock after purchasing an additional 177 shares during the period. IFP Advisors Inc’s holdings in EMCOR Group were worth $1,048,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. BankPlus Trust Department boosted its position in shares of 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 acquiring an additional 48 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in EMCOR Group in the 1st quarter worth about $28,000. Hazlett Burt & Watson Inc. purchased a new position in EMCOR Group during the 1st quarter valued at about $30,000. Groupe la Francaise boosted its holdings in shares of EMCOR Group by 79.2% in the 1st quarter. Groupe la Francaise now owns 86 shares of the construction company’s stock valued at $33,000 after buying an additional 38 shares in the last quarter. Finally, Pandora Wealth Inc. bought a new stake in shares of EMCOR Group in the 1st quarter valued at about $37,000. 92.59% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on EME. Wall Street Zen raised shares of EMCOR Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 2nd. Hovde Group raised shares of EMCOR Group to a “hold” rating in a research report on Friday, June 27th. Zacks Research raised shares of EMCOR Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 12th. DA Davidson upped their target price on shares of EMCOR Group from $515.00 to $725.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Finally, Northcoast Research lowered shares of EMCOR Group from a “buy” rating to a “neutral” rating and set a $500.00 price target on the stock. in a research note on Thursday, August 7th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $634.67.

EMCOR Group Price Performance

Shares of NYSE EME opened at $663.92 on Monday. EMCOR Group, Inc. has a twelve month low of $320.89 and a twelve month high of $697.91. The company has a current ratio of 1.18, a quick ratio of 1.15 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $29.72 billion, a price-to-earnings ratio of 27.55 and a beta of 1.24. The business has a 50 day simple moving average of $631.80 and a 200-day simple moving average of $528.20.

EMCOR Group (NYSE:EME) last announced its quarterly earnings results on Thursday, July 31st. The construction company reported $6.72 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $4.10 billion. During the same quarter in the previous year, the firm posted $5.25 EPS. The firm’s quarterly revenue was up 17.4% on a year-over-year basis. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 EPS. As a group, equities research analysts expect that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 30th. Shareholders 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 dividend on an annualized basis and a dividend yield of 0.2%. EMCOR Group’s dividend payout ratio (DPR) is currently 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.