Verus Capital Partners LLC Acquires Shares of 628 EMCOR Group, Inc. $EME

Verus Capital Partners LLC bought a new position in EMCOR Group, Inc. (NYSE:EME) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm bought 628 shares of the construction company’s stock, valued at approximately $336,000.

Other large investors have also made changes to their positions in the company. Davidson Capital Management Inc. purchased a new position in EMCOR Group during the second quarter worth approximately $3,239,000. Montag A & Associates Inc. increased its stake in shares of EMCOR Group by 3.7% in the 2nd quarter. Montag A & Associates Inc. now owns 5,545 shares of the construction company’s stock worth $2,966,000 after acquiring an additional 199 shares during the last quarter. Vise Technologies Inc. purchased a new position in shares of EMCOR Group during the 2nd quarter worth $1,169,000. Allworth Financial LP boosted its position in shares of EMCOR Group by 2,337.8% during the 2nd quarter. Allworth Financial LP now owns 5,290 shares of the construction company’s stock valued at $2,830,000 after acquiring an additional 5,073 shares during the last quarter. Finally, Fidelis Capital Partners LLC increased its position in EMCOR Group by 5.0% during the second quarter. Fidelis Capital Partners LLC now owns 1,145 shares of the construction company’s stock worth $612,000 after purchasing an additional 55 shares during the last quarter. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

EME has been the topic of several recent analyst reports. UBS Group set a $750.00 target price on shares of EMCOR Group and gave the company a “buy” rating in a report on Tuesday, August 5th. Robert W. Baird set a $713.00 price objective on EMCOR Group in a report on Friday, October 31st. Northcoast Research lowered EMCOR Group from a “buy” rating to a “neutral” rating and set a $500.00 price objective for the company. in a research report on Thursday, August 7th. Wall Street Zen downgraded EMCOR Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 8th. Finally, William Blair started coverage on EMCOR Group in a research note on Thursday, September 11th. They issued an “outperform” rating on the stock. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, EMCOR Group has a consensus rating of “Moderate Buy” and a consensus target price of $692.83.

Insider Activity

In other news, Director Robin A. Walker-Lee sold 1,325 shares of the business’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $677.22, for a total transaction of $897,316.50. Following the completion of the transaction, the director directly owned 6,140 shares of the company’s stock, valued at approximately $4,158,130.80. The trade was a 17.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.83% of the company’s stock.

EMCOR Group Stock Up 0.4%

EMCOR Group stock opened at $643.73 on Thursday. The company has a market capitalization of $28.82 billion, a PE ratio of 26.71 and a beta of 1.25. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.15 and a current ratio of 1.18. EMCOR Group, Inc. has a fifty-two week low of $320.89 and a fifty-two week high of $778.64. The firm has a 50 day moving average price of $663.17 and a 200 day moving average price of $578.06.

EMCOR Group (NYSE:EME) last released its quarterly earnings results on Thursday, October 30th. The construction company reported $6.57 EPS for the quarter, hitting the consensus estimate of $6.57. EMCOR Group had a return on equity of 38.01% and a net margin of 7.07%.The business had revenue of $4.30 billion during the quarter, compared to analyst estimates of $4.27 billion. During the same period last year, the business posted $5.80 earnings per share. The company’s quarterly revenue was up 16.4% on a year-over-year basis. EMCOR Group has set its FY 2025 guidance at 25.000-25.75 EPS. Research analysts expect that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 30th. Shareholders of record on Wednesday, October 15th were given a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, October 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.2%. EMCOR Group’s dividend payout ratio (DPR) is currently 4.02%.

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.