Brookstone Capital Management Lowers Holdings in EMCOR Group, Inc. $EME

Brookstone Capital Management lessened its stake in EMCOR Group, Inc. (NYSE:EME) by 6.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,312 shares of the construction company’s stock after selling 297 shares during the quarter. Brookstone Capital Management’s holdings in EMCOR Group were worth $2,306,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of EME. McLean Asset Management Corp grew its stake in shares of EMCOR Group by 2.8% during the 2nd quarter. McLean Asset Management Corp now owns 700 shares of the construction company’s stock valued at $379,000 after acquiring an additional 19 shares during the period. Park Place Capital Corp grew its stake in shares of EMCOR Group by 6.9% during the 2nd quarter. Park Place Capital Corp now owns 308 shares of the construction company’s stock valued at $164,000 after acquiring an additional 20 shares during the period. NBC Securities Inc. grew its stake in shares of EMCOR Group by 0.7% during the 2nd quarter. NBC Securities Inc. now owns 3,170 shares of the construction company’s stock valued at $1,695,000 after acquiring an additional 23 shares during the period. Institute for Wealth Management LLC. grew its stake in shares of EMCOR Group by 2.2% during the 2nd quarter. Institute for Wealth Management LLC. now owns 1,051 shares of the construction company’s stock valued at $562,000 after acquiring an additional 23 shares during the period. Finally, Wealthstream Advisors Inc. grew its stake in shares of EMCOR Group by 3.4% during the 2nd quarter. Wealthstream Advisors Inc. now owns 721 shares of the construction company’s stock valued at $386,000 after acquiring an additional 24 shares during the period. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on EME shares. UBS Group set a $750.00 price objective on EMCOR Group and gave the company a “buy” rating in a research note on Tuesday, August 5th. Robert W. Baird assumed coverage on EMCOR Group in a research note on Friday, June 27th. They set an “outperform” rating and a $560.00 price objective for the company. Jefferies Financial Group assumed coverage on EMCOR Group in a report on Friday, June 27th. They issued a “buy” rating on the stock. Northcoast Research cut EMCOR Group from a “buy” rating to a “neutral” rating and set a $500.00 price target on the stock. in a report on Thursday, August 7th. Finally, Zacks Research raised EMCOR Group from a “hold” rating to a “strong-buy” rating in a report on Friday, September 12th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $654.83.

EMCOR Group Stock Up 7.5%

NYSE EME opened at $748.23 on Friday. The stock has a market cap of $33.49 billion, a PE ratio of 31.05 and a beta of 1.24. EMCOR Group, Inc. has a 12 month low of $320.89 and a 12 month high of $752.52. The stock’s 50 day moving average is $646.43 and its 200 day moving average is $548.64. 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 issued its quarterly earnings data 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 business had revenue of $4.30 billion for the quarter, compared to analysts’ expectations of $4.10 billion. EMCOR Group had a return on equity of 38.01% and a net margin of 7.07%.The company’s revenue for the quarter was up 17.4% on a year-over-year basis. During the same period in the prior year, the firm earned $5.25 EPS. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 30th. Stockholders of record on Wednesday, October 15th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Wednesday, October 15th. EMCOR Group’s dividend payout ratio is 4.15%.

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.