Cullen Frost Bankers Inc. Buys 156 Shares of EMCOR Group, Inc. $EME

Cullen Frost Bankers Inc. boosted its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 66.1% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 392 shares of the construction company’s stock after buying an additional 156 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in EMCOR Group were worth $210,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in EME. McLean Asset Management Corp boosted its position in EMCOR Group by 2.8% during the second quarter. McLean Asset Management Corp now owns 700 shares of the construction company’s stock worth $379,000 after purchasing an additional 19 shares during the period. Park Place Capital Corp boosted its position in EMCOR Group by 6.9% during the second quarter. Park Place Capital Corp now owns 308 shares of the construction company’s stock worth $164,000 after purchasing an additional 20 shares during the period. NBC Securities Inc. boosted its position in EMCOR Group by 0.7% during the second quarter. NBC Securities Inc. now owns 3,170 shares of the construction company’s stock worth $1,695,000 after purchasing an additional 23 shares during the period. Institute for Wealth Management LLC. boosted its position in 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 worth $562,000 after purchasing an additional 23 shares during the period. Finally, Wealthstream Advisors Inc. boosted its position in EMCOR Group by 3.4% during the second quarter. Wealthstream Advisors Inc. now owns 721 shares of the construction company’s stock worth $386,000 after purchasing an additional 24 shares during the period. Institutional investors own 92.59% of the company’s stock.

EMCOR Group Trading Up 7.5%

Shares of EME opened at $748.23 on Friday. The firm’s 50 day simple moving average is $646.43 and its 200 day simple moving average is $550.00. The company has a market capitalization of $33.49 billion, a P/E ratio of 31.05 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 1-year low of $320.89 and a 1-year high of $752.52.

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

EMCOR Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 30th. Stockholders of record on Wednesday, October 15th will be issued a $0.25 dividend. The ex-dividend date is Wednesday, October 15th. This represents a $1.00 annualized dividend and a dividend yield of 0.1%. EMCOR Group’s dividend payout ratio (DPR) is currently 4.15%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Zacks Research upgraded shares of EMCOR Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 12th. Northcoast Research lowered shares of EMCOR Group from a “buy” rating to a “neutral” rating and set a $500.00 target price for the company. in a research report on Thursday, August 7th. 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. The Goldman Sachs Group upgraded shares of EMCOR Group from a “sell” rating to a “neutral” rating and increased their target price for the stock from $495.00 to $676.00 in a research report on Tuesday, October 7th. Finally, Stifel Nicolaus increased their price target on shares of EMCOR Group from $692.00 to $718.00 and gave the stock a “buy” rating in a report on Monday, October 13th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, EMCOR Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $654.83.

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.