Forum Financial Management LP Raises Stock Holdings in EMCOR Group, Inc. $EME

Forum Financial Management LP increased its position in EMCOR Group, Inc. (NYSE:EME) by 3.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 851 shares of the construction company’s stock after buying an additional 27 shares during the quarter. Forum Financial Management LP’s holdings in EMCOR Group were worth $455,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. BankPlus Trust Department increased its position in EMCOR Group by 200.0% during the 1st quarter. BankPlus Trust Department now owns 72 shares of the construction company’s stock valued at $27,000 after purchasing an additional 48 shares during the period. Migdal Insurance & Financial Holdings Ltd. purchased a new position in EMCOR Group during the 1st quarter valued at $28,000. Hazlett Burt & Watson Inc. bought a new stake in shares of EMCOR Group during the 1st quarter valued at $30,000. Groupe la Francaise boosted its holdings in shares of EMCOR Group by 79.2% during 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 during the 1st quarter valued at $37,000. 92.59% of the stock is owned by hedge funds and other institutional investors.

EMCOR Group Stock Performance

Shares of EMCOR Group stock opened at $748.23 on Friday. The stock has a market cap of $33.49 billion, a price-to-earnings ratio of 31.05 and a beta of 1.24. The firm’s 50-day moving average is $646.43 and its 200 day moving average is $550.00. EMCOR Group, Inc. has a 1 year low of $320.89 and a 1 year high of $752.52. 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 (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. The company had revenue of $4.30 billion for the quarter, compared to analysts’ expectations of $4.10 billion. EMCOR Group had a net margin of 7.07% and a return on equity of 38.01%. EMCOR Group’s revenue was up 17.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $5.25 EPS. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 EPS. Sell-side analysts anticipate that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Dividend Announcement

The firm also recently announced 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 of this dividend is Wednesday, October 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.1%. EMCOR Group’s payout ratio is 4.15%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on EME shares. Wall Street Zen upgraded shares of EMCOR Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 2nd. Stifel Nicolaus boosted their target price on shares of EMCOR Group from $692.00 to $718.00 and gave the company a “buy” rating in a report on Monday, October 13th. The Goldman Sachs Group upgraded shares of EMCOR Group from a “sell” rating to a “neutral” rating and boosted their target price for the company from $495.00 to $676.00 in a report on Tuesday, October 7th. Weiss Ratings restated a “buy (b)” rating on shares of EMCOR Group in a report on Friday. Finally, Zacks Research upgraded shares of EMCOR Group from a “hold” rating to a “strong-buy” rating in a report on Friday, September 12th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $654.83.

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.