Mezzasalma Advisors LLC Boosts Position in EMCOR Group, Inc. $EME

Mezzasalma Advisors LLC grew its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 1.0% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 12,007 shares of the construction company’s stock after acquiring an additional 121 shares during the period. EMCOR Group comprises 1.9% of Mezzasalma Advisors LLC’s portfolio, making the stock its 14th biggest holding. Mezzasalma Advisors LLC’s holdings in EMCOR Group were worth $6,422,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. BankPlus Trust Department grew its stake in 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 acquiring an additional 48 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in EMCOR Group in the 1st quarter valued at $28,000. Hazlett Burt & Watson Inc. bought a new position in EMCOR Group in the 1st quarter valued at $30,000. Groupe la Francaise grew its position in shares of EMCOR Group by 79.2% during 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. bought a new position in shares of EMCOR Group in the first quarter worth $37,000. 92.59% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

EME has been the topic of several research analyst reports. Robert W. Baird initiated coverage on shares of EMCOR Group in a report on Friday, June 27th. They issued an “outperform” rating and a $560.00 price target on the stock. Hovde Group upgraded EMCOR Group to a “hold” rating in a research note on Friday, June 27th. Wall Street Zen raised EMCOR Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 2nd. Weiss Ratings reissued a “buy (b)” rating on shares of EMCOR Group in a report on Wednesday, October 8th. Finally, Baird R W raised EMCOR Group to a “strong-buy” rating in a report on Friday, June 27th. Two 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 data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $654.83.

EMCOR Group Trading Up 0.4%

NYSE EME opened at $689.81 on Friday. 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’s 50-day simple moving average is $638.04 and its two-hundred day simple moving average is $537.87. EMCOR Group, Inc. has a twelve month low of $320.89 and a twelve month high of $697.91. The company has a market capitalization of $30.88 billion, a price-to-earnings ratio of 28.62 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, topping analysts’ consensus estimates of $5.68 by $1.04. The firm had revenue of $4.30 billion during the quarter, compared to analysts’ expectations of $4.10 billion. EMCOR Group had a return on equity of 38.01% and a net margin of 7.07%.The company’s revenue for the quarter was up 17.4% compared to the same quarter last year. During the same period in the prior year, the business earned $5.25 EPS. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 EPS. Research analysts forecast that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 30th. Shareholders of record on Wednesday, October 15th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend 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 4.15%.

About EMCOR Group

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.