Vest Financial LLC Boosts Stock Position in EMCOR Group, Inc. $EME

Vest Financial LLC boosted its holdings in shares of EMCOR Group, Inc. (NYSE:EME) by 24.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,719 shares of the construction company’s stock after acquiring an additional 1,925 shares during the quarter. Vest Financial LLC’s holdings in EMCOR Group were worth $5,199,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. MGO One Seven LLC boosted its holdings in EMCOR Group by 149.6% during the 2nd quarter. MGO One Seven LLC now owns 2,775 shares of the construction company’s stock valued at $1,484,000 after acquiring an additional 1,663 shares during the period. Hazlett Burt & Watson Inc. boosted its holdings in EMCOR Group by 37.5% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 110 shares of the construction company’s stock valued at $59,000 after acquiring an additional 30 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in shares of EMCOR Group by 13.3% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 518,354 shares of the construction company’s stock worth $275,184,000 after buying an additional 60,693 shares during the period. Mitchell Capital Management Co. lifted its holdings in shares of EMCOR Group by 67.5% in the 2nd quarter. Mitchell Capital Management Co. now owns 16,503 shares of the construction company’s stock worth $9,333,000 after buying an additional 6,649 shares during the period. Finally, CWM LLC lifted its holdings in shares of EMCOR Group by 49.1% in the 2nd quarter. CWM LLC now owns 8,299 shares of the construction company’s stock worth $4,439,000 after buying an additional 2,732 shares during the period. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on EME shares. Hovde Group upgraded EMCOR Group to a “hold” rating in a report on Friday, June 27th. Stifel Nicolaus upped their target price on EMCOR Group from $692.00 to $718.00 and gave the stock a “buy” rating in a report on Monday. William Blair started coverage on EMCOR Group in a report on Thursday, September 11th. They issued an “outperform” rating for the company. Northcoast Research cut EMCOR Group from a “buy” rating to a “neutral” rating and set a $500.00 target price for the company. in a report on Thursday, August 7th. Finally, TD Securities started coverage on EMCOR Group in a report on Friday, June 27th. They issued a “buy” rating for the company. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have given a Hold rating to the company. 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 Trading Up 2.2%

EME opened at $678.57 on Tuesday. The firm has a market cap of $30.37 billion, a price-to-earnings ratio of 28.16 and a beta of 1.24. The company has a current ratio of 1.18, a quick ratio of 1.15 and a debt-to-equity ratio of 0.08. EMCOR Group, Inc. has a 12 month low of $320.89 and a 12 month high of $697.91. The stock has a fifty day moving average price of $632.80 and a 200-day moving average price of $530.35.

EMCOR Group (NYSE:EME) last released its quarterly earnings results on Thursday, July 31st. The construction company reported $6.72 EPS for the quarter, topping the consensus estimate of $5.68 by $1.04. The firm had revenue of $4.30 billion during the quarter, compared to analyst estimates of $4.10 billion. EMCOR Group had a return on equity of 38.01% and a net margin of 7.07%.The business’s revenue for the quarter was up 17.4% compared to the same quarter last year. During the same period in the previous year, the company posted $5.25 EPS. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 EPS. As a group, equities research analysts anticipate that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Dividend Announcement

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