Park Avenue Securities LLC Purchases Shares of 6,826 EMCOR Group, Inc. $EME

Park Avenue Securities LLC purchased a new stake in EMCOR Group, Inc. (NYSE:EME) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 6,826 shares of the construction company’s stock, valued at approximately $3,651,000.

Other large investors also recently bought and sold shares of the company. Private Trust Co. NA lifted its holdings in EMCOR Group by 28.6% in the first quarter. Private Trust Co. NA now owns 279 shares of the construction company’s stock valued at $103,000 after acquiring an additional 62 shares during the period. Janney Montgomery Scott LLC raised its stake in shares of EMCOR Group by 20.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 19,796 shares of the construction company’s stock worth $7,317,000 after buying an additional 3,407 shares during the period. Cambridge Investment Research Advisors Inc. raised its stake in shares of EMCOR Group by 146.6% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 10,700 shares of the construction company’s stock worth $3,955,000 after buying an additional 6,361 shares during the period. Fifth Third Bancorp raised its stake in shares of EMCOR Group by 17.5% during the 1st quarter. Fifth Third Bancorp now owns 844 shares of the construction company’s stock worth $312,000 after buying an additional 126 shares during the period. Finally, GAMMA Investing LLC raised its stake in shares of EMCOR Group by 34.9% during the 1st quarter. GAMMA Investing LLC now owns 1,012 shares of the construction company’s stock worth $374,000 after buying an additional 262 shares during the period. 92.59% of the stock is owned by institutional investors and hedge funds.

EMCOR Group Stock Up 3.6%

EMCOR Group stock opened at $654.88 on Tuesday. 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 company has a market cap of $29.31 billion, a PE ratio of 27.17 and a beta of 1.28. The stock’s 50 day moving average price is $614.00 and its 200 day moving average price is $502.09.

EMCOR Group (NYSE:EME) last posted its quarterly earnings results on Thursday, July 31st. The construction company reported $6.72 earnings per share 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 firm had revenue of $4.30 billion for the quarter, compared to the consensus estimate of $4.10 billion. During the same period in the previous year, the business earned $5.25 earnings per share. 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, sell-side analysts predict that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Tuesday, July 15th were paid a $0.25 dividend. The ex-dividend date was Tuesday, July 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.2%. EMCOR Group’s payout ratio is 4.15%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on EME. Zacks Research raised EMCOR Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 12th. 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 target price for the company. William Blair assumed coverage on EMCOR Group in a research note on Thursday, September 11th. They issued an “outperform” rating for the company. Baird R W raised EMCOR Group to a “strong-buy” rating in a research note on Friday, June 27th. Finally, Stifel Nicolaus increased their price objective on EMCOR Group from $503.00 to $597.00 and gave the company a “buy” rating in a research note on Friday, July 11th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $594.50.

About EMCOR Group

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.