438 Shares in EMCOR Group, Inc. $EME Purchased by Cigna Investments Inc. New

Cigna Investments Inc. New purchased a new position in shares of EMCOR Group, Inc. (NYSE:EME) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 438 shares of the construction company’s stock, valued at approximately $234,000.

A number of other institutional investors have also made changes to their positions in the business. McLean Asset Management Corp increased its stake in EMCOR Group by 2.8% in the 2nd quarter. McLean Asset Management Corp now owns 700 shares of the construction company’s stock valued at $379,000 after buying an additional 19 shares during the last quarter. NBC Securities Inc. grew its holdings in shares of EMCOR Group by 0.7% in 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 in the last quarter. McGlone Suttner Wealth Management Inc. increased its position in shares of EMCOR Group by 1.9% in the second quarter. McGlone Suttner Wealth Management Inc. now owns 1,518 shares of the construction company’s stock valued at $812,000 after acquiring an additional 29 shares during the last quarter. Alps Advisors Inc. increased its position in shares of EMCOR Group by 3.4% in the first quarter. Alps Advisors Inc. now owns 908 shares of the construction company’s stock valued at $336,000 after acquiring an additional 30 shares during the last quarter. Finally, Allworth Financial LP raised its holdings in EMCOR Group by 17.9% during the first quarter. Allworth Financial LP now owns 217 shares of the construction company’s stock worth $87,000 after acquiring an additional 33 shares in the last quarter. Institutional investors own 92.59% of the company’s stock.

EMCOR Group Trading Down 0.1%

Shares of EMCOR Group stock opened at $625.91 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.18 and a quick ratio of 1.15. The business has a fifty day simple moving average of $618.70 and a two-hundred day simple moving average of $505.76. EMCOR Group, Inc. has a 1 year low of $320.89 and a 1 year high of $667.64. The company has a market capitalization of $28.02 billion, a price-to-earnings ratio of 25.97 and a beta of 1.28.

EMCOR Group (NYSE:EME) last issued its quarterly earnings data on Thursday, July 31st. The construction company reported $6.72 earnings per share for the quarter, beating the consensus estimate of $5.68 by $1.04. The company had revenue of $4.30 billion for the quarter, compared to analyst estimates of $4.10 billion. EMCOR Group had a net margin of 7.07% and a return on equity of 38.01%. The company’s revenue was up 17.4% on a year-over-year basis. During the same period in the prior year, the firm earned $5.25 earnings per share. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 EPS. Research analysts forecast that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Tuesday, July 15th were given a dividend of $0.25 per share. The ex-dividend date was Tuesday, July 15th. This represents a $1.00 annualized dividend and a yield of 0.2%. EMCOR Group’s dividend payout ratio (DPR) is 4.15%.

Wall Street Analyst Weigh In

Several research firms have weighed in on EME. William Blair began coverage on EMCOR Group in a research report on Thursday, September 11th. They set an “outperform” rating on the stock. Zacks Research raised shares of EMCOR Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 12th. Wall Street Zen upgraded shares of EMCOR Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 2nd. Jefferies Financial Group initiated coverage on shares of EMCOR Group in a research note on Friday, June 27th. They issued a “buy” rating for the company. Finally, TD Securities assumed coverage on shares of EMCOR Group in a research report on Friday, June 27th. They issued a “buy” rating for the company. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.