Stock Yards Bank & Trust Co. Raises Position in EMCOR Group, Inc. $EME

Stock Yards Bank & Trust Co. grew its holdings in shares of EMCOR Group, Inc. (NYSE:EME) by 1.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 60,185 shares of the construction company’s stock after purchasing an additional 624 shares during the period. Stock Yards Bank & Trust Co. owned approximately 0.13% of EMCOR Group worth $32,192,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in EME. Pacer Advisors Inc. lifted its holdings in shares of 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 purchasing an additional 521,147 shares during the last quarter. New Vernon Capital Holdings II LLC purchased a new stake in EMCOR Group during the 1st quarter worth approximately $114,220,000. Jones Financial Companies Lllp grew its position in EMCOR Group by 56,287.8% during the 1st quarter. Jones Financial Companies Lllp now owns 286,450 shares of the construction company’s stock worth $105,881,000 after purchasing an additional 285,942 shares during the last quarter. AQR Capital Management LLC grew its position in EMCOR Group by 43.6% during the 1st quarter. AQR Capital Management LLC now owns 703,456 shares of the construction company’s stock worth $253,065,000 after purchasing an additional 213,631 shares during the last quarter. Finally, Nuveen LLC purchased a new stake in EMCOR Group during the 1st quarter worth approximately $71,821,000. Hedge funds and other institutional investors own 92.59% of the company’s stock.

EMCOR Group Stock Performance

Shares of NYSE EME opened at $654.76 on Friday. The company’s fifty day moving average price is $627.32 and its 200 day moving average price is $516.82. EMCOR Group, Inc. has a 1 year low of $320.89 and a 1 year high of $667.64. The company has a market capitalization of $29.31 billion, a PE ratio of 27.17 and a beta of 1.24. 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 (NYSE:EME) last announced 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 firm had revenue of $4.30 billion for the quarter, compared to the consensus estimate of $4.10 billion. EMCOR Group had a net margin of 7.07% and a return on equity of 38.01%. The firm’s quarterly revenue was up 17.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $5.25 earnings per share. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 EPS. On average, research analysts predict that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts have weighed in on EME shares. 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. Jefferies Financial Group initiated coverage on shares of EMCOR Group in a report on Friday, June 27th. They issued a “buy” rating on the stock. DA Davidson upped their price objective on shares of EMCOR Group from $515.00 to $725.00 and gave the company a “buy” rating in a report on Friday, August 1st. Baird R W raised shares of EMCOR Group to a “strong-buy” rating in a report on Friday, June 27th. Finally, Zacks Research raised shares of EMCOR Group from a “hold” rating to a “strong-buy” rating in a report on Friday, September 12th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $594.50.

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.