EMCOR Group, Inc. $EME Shares Purchased by Equitable Trust Co.

Equitable Trust Co. increased its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 48.1% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 3,391 shares of the construction company’s stock after acquiring an additional 1,102 shares during the period. Equitable Trust Co.’s holdings in EMCOR Group were worth $1,814,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EME. BankPlus Trust Department lifted its position in EMCOR Group by 200.0% during the 1st quarter. BankPlus Trust Department now owns 72 shares of the construction company’s stock worth $27,000 after acquiring an additional 48 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of EMCOR Group in the 1st quarter valued at approximately $28,000. Hazlett Burt & Watson Inc. acquired a new position in shares of EMCOR Group in the 1st quarter valued at approximately $30,000. Groupe la Francaise raised its position in shares of EMCOR Group by 79.2% in the 1st 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. acquired a new position in shares of EMCOR Group in the 1st quarter valued at approximately $37,000. 92.59% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EME has been the topic of a number of recent analyst reports. Wall Street Zen raised EMCOR Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 2nd. Northcoast Research lowered EMCOR Group from a “buy” rating to a “neutral” rating and set a $500.00 target price on the stock. in a research report on Thursday, August 7th. TD Securities initiated coverage on EMCOR Group in a research report on Friday, June 27th. They issued a “buy” rating on the stock. Baird R W raised EMCOR Group to a “strong-buy” rating in a research report on Friday, June 27th. Finally, Stifel Nicolaus upped their target price on EMCOR Group from $692.00 to $718.00 and gave the company a “buy” rating in a research report on Monday. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $654.83.

EMCOR Group Price Performance

Shares of NYSE EME opened at $675.76 on Wednesday. EMCOR Group, Inc. has a twelve month low of $320.89 and a twelve 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. The company has a market capitalization of $30.25 billion, a price-to-earnings ratio of 28.04 and a beta of 1.24. The business has a 50 day simple moving average of $633.82 and a 200-day simple moving average of $531.36.

EMCOR Group (NYSE:EME) last issued its quarterly earnings results on Thursday, July 31st. The construction company reported $6.72 earnings per share 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 business had revenue of $4.30 billion during the quarter, compared to the consensus estimate of $4.10 billion. During the same period in the previous year, the business earned $5.25 EPS. 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. As a group, equities research analysts expect 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. Investors of record on Wednesday, October 15th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date is Wednesday, October 15th. EMCOR Group’s dividend payout ratio is presently 4.15%.

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.