Blue Trust Inc. Raises Stock Position in EMCOR Group, Inc. $EME

Blue Trust Inc. increased its holdings in shares of EMCOR Group, Inc. (NYSE:EME) by 3.9% during the second quarter, Holdings Channel.com reports. The firm owned 1,614 shares of the construction company’s stock after buying an additional 61 shares during the period. Blue Trust Inc.’s holdings in EMCOR Group were worth $863,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of EME. BankPlus Trust Department boosted its stake in shares of EMCOR Group by 200.0% during the first quarter. BankPlus Trust Department now owns 72 shares of the construction company’s stock valued at $27,000 after purchasing an additional 48 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of EMCOR Group during the first quarter valued at approximately $28,000. Hazlett Burt & Watson Inc. bought a new position in shares of EMCOR Group during the first quarter valued at approximately $30,000. Groupe la Francaise boosted its stake in shares of EMCOR Group by 79.2% during the first quarter. Groupe la Francaise now owns 86 shares of the construction company’s stock valued at $33,000 after purchasing an additional 38 shares in the last quarter. Finally, Pandora Wealth Inc. bought a new position in shares of EMCOR Group during the first quarter valued at approximately $37,000. 92.59% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on EME shares. Baird R W upgraded shares of EMCOR Group to a “strong-buy” rating in a research note on Friday, June 27th. The Goldman Sachs Group upgraded shares of EMCOR Group from a “sell” rating to a “neutral” rating and increased their price objective for the company from $495.00 to $676.00 in a research note on Tuesday, October 7th. Stifel Nicolaus increased their target price on shares of EMCOR Group from $503.00 to $597.00 and gave the company a “buy” rating in a research report on Friday, July 11th. Hovde Group raised shares of EMCOR Group to a “hold” rating in a research report on Friday, June 27th. Finally, Zacks Research raised shares of EMCOR Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 12th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $634.67.

EMCOR Group Trading Down 2.5%

NYSE EME opened at $663.92 on Friday. The company has a fifty day simple moving average of $631.80 and a two-hundred day simple moving average of $527.16. The stock has a market cap of $29.72 billion, a P/E ratio of 27.55 and a beta of 1.24. EMCOR Group, Inc. has a 12-month low of $320.89 and a 12-month 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.

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

EMCOR Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 30th. Shareholders of record on Wednesday, October 15th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, October 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.2%. EMCOR Group’s dividend payout ratio (DPR) is currently 4.15%.

EMCOR Group Company 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.