Flagship Harbor Advisors LLC Makes New $207,000 Investment in EMCOR Group, Inc. $EME

Flagship Harbor Advisors LLC purchased a new position in shares of EMCOR Group, Inc. (NYSE:EME) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 386 shares of the construction company’s stock, valued at approximately $207,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. AQR Capital Management LLC lifted its stake in shares of EMCOR Group by 43.6% in the 1st quarter. AQR Capital Management LLC now owns 703,456 shares of the construction company’s stock valued at $253,065,000 after acquiring an additional 213,631 shares during the last quarter. Northern Trust Corp boosted its holdings in EMCOR Group by 3.7% during the 1st quarter. Northern Trust Corp now owns 571,487 shares of the construction company’s stock valued at $211,239,000 after acquiring an additional 20,604 shares during the period. Pacer Advisors Inc. boosted its holdings in EMCOR Group by 3,878.2% during the 1st quarter. Pacer Advisors Inc. now owns 534,585 shares of the construction company’s stock valued at $197,599,000 after acquiring an additional 521,147 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in EMCOR Group by 13.3% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 518,354 shares of the construction company’s stock valued at $275,184,000 after acquiring an additional 60,693 shares during the period. Finally, Burgundy Asset Management Ltd. boosted its holdings in EMCOR Group by 6.9% during the 1st quarter. Burgundy Asset Management Ltd. now owns 515,522 shares of the construction company’s stock valued at $190,552,000 after acquiring an additional 33,069 shares during the period. Institutional investors own 92.59% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Stifel Nicolaus increased their target price on EMCOR Group from $692.00 to $718.00 and gave the company a “buy” rating in a report on Monday, October 13th. Northcoast Research cut EMCOR Group from a “buy” rating to a “neutral” rating and set a $500.00 target price for the company. in a report on Thursday, August 7th. DA Davidson increased their target price on EMCOR Group from $725.00 to $800.00 and gave the company a “buy” rating in a report on Friday. Weiss Ratings restated a “buy (b)” rating on shares of EMCOR Group in a report on Wednesday, October 8th. Finally, UBS Group set a $750.00 target price on EMCOR Group and gave the company a “buy” rating in a report on Tuesday, August 5th. Two research 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. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $692.83.

EMCOR Group Trading Up 4.3%

EME opened at $675.81 on Friday. The business has a 50 day simple moving average of $657.65 and a two-hundred day simple moving average of $562.85. The firm has a market capitalization of $30.25 billion, a price-to-earnings ratio of 28.04 and a beta of 1.24. 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 one year low of $320.89 and a one year high of $778.64.

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

EMCOR Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 30th. Stockholders 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 annualized dividend and a dividend yield of 0.1%. EMCOR Group’s dividend payout ratio is currently 4.15%.

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.