WESPAC Advisors SoCal LLC Has $7.44 Million Holdings in EMCOR Group, Inc. $EME

WESPAC Advisors SoCal LLC cut its holdings in EMCOR Group, Inc. (NYSE:EME) by 13.7% during the second quarter, Holdings Channel.com reports. The firm owned 13,911 shares of the construction company’s stock after selling 2,201 shares during the quarter. EMCOR Group accounts for about 1.7% of WESPAC Advisors SoCal LLC’s portfolio, making the stock its 23rd biggest position. WESPAC Advisors SoCal LLC’s holdings in EMCOR Group were worth $7,441,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EME. BankPlus Trust Department grew its stake in shares of EMCOR Group by 200.0% in the first quarter. BankPlus Trust Department now owns 72 shares of the construction company’s stock valued at $27,000 after buying an additional 48 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of EMCOR Group in the first quarter valued at $28,000. Hazlett Burt & Watson Inc. bought a new position in shares of EMCOR Group in the first quarter valued at $30,000. Groupe la Francaise grew its stake in shares of EMCOR Group by 79.2% in the first 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. Finally, Pandora Wealth Inc. bought a new position in shares of EMCOR Group in the first quarter valued at $37,000. 92.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently weighed in on EME shares. Weiss Ratings reissued a “buy (b)” rating on shares of EMCOR Group in a research note on Wednesday, October 8th. TD Securities initiated coverage on shares of EMCOR Group in a research note on Friday, June 27th. They issued a “buy” rating for the company. Robert W. Baird initiated coverage on shares of EMCOR Group in a research report on Friday, June 27th. They set an “outperform” rating and a $560.00 price objective for the company. Northcoast Research cut shares of EMCOR Group from a “buy” rating to a “neutral” rating and set a $500.00 price objective for the company. in a research report on Thursday, August 7th. Finally, Jefferies Financial Group initiated coverage on shares of EMCOR Group in a research report on Friday, June 27th. They set a “buy” rating for the company. Two research 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.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $654.83.

EMCOR Group Trading Up 1.7%

EME stock opened at $700.79 on Tuesday. The company has a fifty day moving average price of $639.76 and a two-hundred day moving average price of $541.66. The stock has a market cap of $31.37 billion, a price-to-earnings ratio of 29.08 and a beta of 1.24. EMCOR Group, Inc. has a one year low of $320.89 and a one year high of $704.09. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.18 and a quick ratio of 1.15.

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

EMCOR Group Dividend Announcement

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