BankPlus Trust Department Has $173,000 Stock Holdings in EMCOR Group, Inc. $EME

BankPlus Trust Department grew its holdings in EMCOR Group, Inc. (NYSE:EME) by 350.0% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 324 shares of the construction company’s stock after buying an additional 252 shares during the quarter. BankPlus Trust Department’s holdings in EMCOR Group were worth $173,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in EME. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of EMCOR Group in the 1st quarter valued at $28,000. Hazlett Burt & Watson Inc. acquired a new position in shares of EMCOR Group in the 1st quarter valued at $30,000. Groupe la Francaise raised its stake 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 buying an additional 38 shares in the last quarter. Pandora Wealth Inc. acquired a new stake in shares of EMCOR Group during the 1st quarter worth about $37,000. Finally, Dogwood Wealth Management LLC increased its position in shares of EMCOR Group by 59.6% during the 1st quarter. Dogwood Wealth Management LLC now owns 142 shares of the construction company’s stock worth $52,000 after purchasing an additional 53 shares in the last quarter. Institutional investors and hedge funds own 92.59% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Jefferies Financial Group assumed coverage on shares of EMCOR Group in a research report on Friday, June 27th. They set a “buy” rating for the company. Robert W. Baird assumed coverage on shares of EMCOR Group in a research report on Friday, June 27th. They set an “outperform” rating and a $560.00 target price for the company. Baird R W upgraded shares of EMCOR Group to a “strong-buy” rating in a research report on Friday, June 27th. DA Davidson increased their target price on shares of EMCOR Group from $515.00 to $725.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. Finally, Stifel Nicolaus raised their price objective on shares of EMCOR Group from $503.00 to $597.00 and gave the company a “buy” rating in a research report on Friday, July 11th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $634.67.

EMCOR Group Stock Up 0.5%

Shares of NYSE EME opened at $673.59 on Wednesday. The firm has a market capitalization of $30.15 billion, a PE ratio of 27.95 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 1 year low of $320.89 and a 1 year high of $685.82. The firm’s 50-day moving average is $628.82 and its 200-day moving average is $521.45.

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

EMCOR Group Announces Dividend

The company 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. The ex-dividend date of this dividend is Wednesday, October 15th. This represents a $1.00 annualized dividend and a yield of 0.1%. EMCOR Group’s dividend payout ratio (DPR) is presently 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.