Hazlett Burt & Watson Inc. Buys 30 Shares of EMCOR Group, Inc. $EME

Hazlett Burt & Watson Inc. grew its stake in EMCOR Group, Inc. (NYSE:EME) by 37.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 110 shares of the construction company’s stock after acquiring an additional 30 shares during the quarter. Hazlett Burt & Watson Inc.’s holdings in EMCOR Group were worth $59,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. BankPlus Trust Department boosted its holdings in EMCOR Group by 200.0% in the first 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. bought a new stake in EMCOR Group in the first quarter worth $28,000. Groupe la Francaise boosted its holdings in EMCOR Group by 79.2% in the first quarter. Groupe la Francaise now owns 86 shares of the construction company’s stock worth $33,000 after acquiring an additional 38 shares in the last quarter. Pandora Wealth Inc. bought a new position in shares of EMCOR Group during the first quarter valued at $37,000. Finally, Harbor Investment Advisory LLC lifted its holdings in shares of EMCOR Group by 110.0% during the second quarter. Harbor Investment Advisory LLC now owns 105 shares of the construction company’s stock valued at $56,000 after purchasing an additional 55 shares in the last quarter. 92.59% of the stock is owned by institutional investors.

EMCOR Group Stock Up 2.2%

EME stock opened at $678.57 on Tuesday. EMCOR Group, Inc. has a fifty-two week low of $320.89 and a fifty-two week high of $697.91. The business’s 50-day moving average is $632.80 and its two-hundred day moving average is $530.35. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.15 and a current ratio of 1.18. The company has a market cap of $30.37 billion, a price-to-earnings ratio of 28.16 and a beta of 1.24.

EMCOR Group (NYSE:EME) last issued its quarterly earnings results on Thursday, July 31st. The construction company reported $6.72 EPS for the quarter, topping analysts’ consensus estimates of $5.68 by $1.04. The business 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 business’s quarterly revenue was up 17.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $5.25 earnings per share. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 EPS. As a group, analysts forecast that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 30th. Shareholders of record on Wednesday, October 15th will be given a $0.25 dividend. The ex-dividend date is Wednesday, October 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.1%. EMCOR Group’s dividend payout ratio is presently 4.15%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Jefferies Financial Group assumed coverage on EMCOR Group in a report on Friday, June 27th. They set a “buy” rating on the stock. William Blair assumed coverage on EMCOR Group in a report on Thursday, September 11th. They set an “outperform” rating on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of EMCOR Group in a report on Wednesday, October 8th. Wall Street Zen raised EMCOR Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 2nd. Finally, Stifel Nicolaus upped their price target on EMCOR Group from $692.00 to $718.00 and gave the company a “buy” rating in a report on Monday. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, EMCOR Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $654.83.

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.