Mitchell Capital Management Co. Has $9.33 Million Stake in EMCOR Group, Inc. $EME

Mitchell Capital Management Co. grew its position in shares of EMCOR Group, Inc. (NYSE:EME) by 67.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,503 shares of the construction company’s stock after buying an additional 6,649 shares during the quarter. EMCOR Group makes up about 1.7% of Mitchell Capital Management Co.’s investment portfolio, making the stock its 11th largest holding. Mitchell Capital Management Co.’s holdings in EMCOR Group were worth $9,333,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. BankPlus Trust Department lifted its holdings in shares of 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 buying an additional 48 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in EMCOR Group during the first quarter worth approximately $28,000. Hazlett Burt & Watson Inc. bought a new stake in EMCOR Group during the first quarter worth approximately $30,000. Groupe la Francaise boosted its position in EMCOR Group by 79.2% during the first quarter. Groupe la Francaise now owns 86 shares of the construction company’s stock worth $33,000 after purchasing an additional 38 shares during the period. Finally, Pandora Wealth Inc. bought a new stake in EMCOR Group during the first quarter worth approximately $37,000. 92.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on EME. The Goldman Sachs Group raised EMCOR Group from a “sell” rating to a “neutral” rating and upped their target price for the stock from $495.00 to $676.00 in a research report on Tuesday, October 7th. Wall Street Zen raised EMCOR Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 2nd. DA Davidson upped their target price on EMCOR Group from $515.00 to $725.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. UBS Group set a $750.00 target price on EMCOR Group and gave the stock a “buy” rating in a research report on Tuesday, August 5th. Finally, William Blair started coverage on EMCOR Group in a research report on Thursday, September 11th. They set an “outperform” rating for the company. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $634.67.

EMCOR Group Stock Down 2.5%

EME opened at $663.92 on Monday. EMCOR Group, Inc. has a 1-year low of $320.89 and a 1-year 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 stock 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 moving average of $631.80 and a 200-day moving average of $528.20.

EMCOR Group (NYSE:EME) last posted 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. 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 analysts’ expectations of $4.10 billion. During the same period in the prior year, the business earned $5.25 earnings per share. EMCOR Group’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. As a group, sell-side analysts anticipate that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 30th. Investors of record on Wednesday, October 15th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Wednesday, October 15th. EMCOR Group’s dividend payout ratio (DPR) is 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.