WealthBridge Capital Management LLC Makes New $343,000 Investment in EMCOR Group, Inc. $EME

WealthBridge Capital Management LLC purchased a new stake in EMCOR Group, Inc. (NYSE:EME - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 640 shares of the construction company's stock, valued at approximately $343,000.

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Several other large investors have also modified their holdings of the business. McLean Asset Management Corp lifted 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 in the last quarter. Park Place Capital Corp raised its holdings in shares of EMCOR Group by 6.9% in the second quarter. Park Place Capital Corp now owns 308 shares of the construction company's stock worth $164,000 after acquiring an additional 20 shares during the last quarter. Simon Quick Advisors LLC raised its holdings in shares of EMCOR Group by 2.1% in the second quarter. Simon Quick Advisors LLC now owns 1,092 shares of the construction company's stock worth $584,000 after acquiring an additional 22 shares during the last quarter. NBC Securities Inc. lifted its position in shares of EMCOR Group by 0.7% in the second 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. Finally, Institute for Wealth Management LLC. boosted its stake in shares of EMCOR Group by 2.2% during the second quarter. Institute for Wealth Management LLC. now owns 1,051 shares of the construction company's stock valued at $562,000 after acquiring an additional 23 shares during the last quarter. 92.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on EME shares. Zacks Research downgraded shares of EMCOR Group from a "strong-buy" rating to a "hold" rating in a research note on Wednesday. The Goldman Sachs Group upgraded shares of EMCOR Group from a "sell" rating to a "neutral" rating and lifted their price target for the stock from $495.00 to $676.00 in a report on Tuesday, October 7th. William Blair began coverage on shares of EMCOR Group in a research note on Thursday, September 11th. They set an "outperform" rating on the stock. UBS Group set a $750.00 target price on shares of EMCOR Group and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Finally, DA Davidson boosted their price target on EMCOR Group from $725.00 to $800.00 and gave the company a "buy" rating in a report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, EMCOR Group has a consensus rating of "Moderate Buy" and a consensus target price of $692.83.

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View Our Latest Stock Analysis on EME

EMCOR Group Price Performance

EME opened at $581.24 on Friday. EMCOR Group, Inc. has a 1 year low of $320.89 and a 1 year high of $778.64. The company's 50 day simple moving average is $659.52 and its 200 day simple moving average is $586.07. The stock has a market capitalization of $26.02 billion, a PE ratio of 24.12 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.

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EMCOR Group (NYSE:EME - Get Free Report) last issued 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. The firm had revenue of $4.30 billion during the quarter, compared to analyst estimates of $4.27 billion. EMCOR Group had a net margin of 7.07% and a return on equity of 38.01%. EMCOR Group's revenue for the quarter was up 16.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $5.80 earnings per share. EMCOR Group has set its FY 2025 guidance at 25.000-25.75 EPS. As a group, sell-side analysts expect that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Dividend Announcement

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

Insiders Place Their Bets

In other EMCOR Group 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 sale, the director 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.83% of the company's stock.

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.

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