Hazlett Burt & Watson Inc. Grows Stake in EMCOR Group, Inc. $EME

Hazlett Burt & Watson Inc. increased its holdings in shares of EMCOR Group, Inc. (NYSE:EME) by 37.5% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 110 shares of the construction company’s stock after acquiring an additional 30 shares during the period. Hazlett Burt & Watson Inc.’s holdings in EMCOR Group were worth $59,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in EME. GAMMA Investing LLC grew its position in shares of EMCOR Group by 34.9% during the first quarter. GAMMA Investing LLC now owns 1,012 shares of the construction company’s stock worth $374,000 after purchasing an additional 262 shares in the last quarter. CX Institutional bought a new stake in EMCOR Group in the 1st quarter worth approximately $95,000. Fifth Third Bancorp increased its stake in EMCOR Group by 17.5% in the 1st quarter. Fifth Third Bancorp now owns 844 shares of the construction company’s stock worth $312,000 after acquiring an additional 126 shares during the last quarter. Sound Income Strategies LLC increased its stake in EMCOR Group by 2,332.0% in the 1st quarter. Sound Income Strategies LLC now owns 608 shares of the construction company’s stock worth $225,000 after acquiring an additional 583 shares during the last quarter. Finally, Brown Miller Wealth Management LLC bought a new stake in EMCOR Group in the 1st quarter worth approximately $245,000. Hedge funds and other institutional investors own 92.59% of the company’s stock.

EMCOR Group Price Performance

EME opened at $678.57 on Tuesday. The business has a fifty day moving average of $632.80 and a 200 day moving average of $530.35. EMCOR Group, Inc. has a 52-week low of $320.89 and a 52-week high of $697.91. The company has a quick ratio of 1.15, a current ratio of 1.18 and a debt-to-equity ratio of 0.08. The stock has a market cap of $30.37 billion, a P/E ratio of 28.16 and a beta of 1.24.

EMCOR Group (NYSE:EME) last posted its quarterly earnings data on Thursday, July 31st. The construction company reported $6.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 quarter in the previous year, the business earned $5.25 EPS. EMCOR Group’s revenue 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 EPS for the current year.

EMCOR Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 30th. Investors of record on Wednesday, October 15th will be issued a dividend of $0.25 per share. The ex-dividend date is Wednesday, October 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.1%. EMCOR Group’s payout ratio is presently 4.15%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on EME. Zacks Research raised EMCOR Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 12th. Jefferies Financial Group began coverage on EMCOR Group in a research note on Friday, June 27th. They issued a “buy” rating on the stock. TD Securities started coverage on EMCOR Group in a research note on Friday, June 27th. They issued a “buy” rating on the stock. Robert W. Baird started coverage on EMCOR Group in a research report on Friday, June 27th. They set an “outperform” rating and a $560.00 target price on the stock. Finally, DA Davidson boosted their target price on EMCOR Group from $515.00 to $725.00 and gave the company a “buy” rating in a research report on Friday, August 1st. Two 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’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $654.83.

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.