Blue Trust Inc. Increases Stock Position in EMCOR Group, Inc. $EME

Blue Trust Inc. boosted its stake in EMCOR Group, Inc. (NYSE:EME) by 3.9% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,614 shares of the construction company’s stock after purchasing an additional 61 shares during the quarter. Blue Trust Inc.’s holdings in EMCOR Group were worth $863,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of EME. Farther Finance Advisors LLC lifted its stake in EMCOR Group by 28.7% in the 1st quarter. Farther Finance Advisors LLC now owns 2,379 shares of the construction company’s stock worth $893,000 after purchasing an additional 530 shares in the last quarter. GAMMA Investing LLC raised its position in shares of EMCOR Group by 34.9% during the 1st quarter. GAMMA Investing LLC now owns 1,012 shares of the construction company’s stock valued at $374,000 after buying an additional 262 shares in the last quarter. Handelsbanken Fonder AB raised its position in shares of EMCOR Group by 13.1% during the 1st quarter. Handelsbanken Fonder AB now owns 13,816 shares of the construction company’s stock valued at $5,107,000 after buying an additional 1,600 shares in the last quarter. CX Institutional purchased a new stake in shares of EMCOR Group during the 1st quarter valued at about $95,000. Finally, Simon Quick Advisors LLC raised its position in shares of EMCOR Group by 5.1% during the 1st quarter. Simon Quick Advisors LLC now owns 1,070 shares of the construction company’s stock valued at $396,000 after buying an additional 52 shares in the last quarter. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Analyst Upgrades and Downgrades

EME has been the topic of several recent research reports. Wall Street Zen upgraded shares of EMCOR Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 2nd. Jefferies Financial Group initiated coverage on shares of EMCOR Group in a research report on Friday, June 27th. They set a “buy” rating on the stock. Weiss Ratings restated a “buy (b)” rating on shares of EMCOR Group in a research report on Wednesday. UBS Group set a $750.00 target price on shares of EMCOR Group and gave the company a “buy” rating in a research report on Tuesday, August 5th. Finally, DA Davidson upped their price target on shares of EMCOR Group from $515.00 to $725.00 and gave the company a “buy” rating in a report on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, EMCOR Group has a consensus rating of “Moderate Buy” and a consensus target price of $634.67.

EMCOR Group Stock Performance

Shares of NYSE:EME opened at $663.92 on Friday. The company has a market capitalization of $29.72 billion, a price-to-earnings ratio of 27.55 and a beta of 1.24. EMCOR Group, Inc. has a 12 month low of $320.89 and a 12 month high of $697.91. The firm’s 50-day moving average is $631.80 and its 200 day moving average is $527.16. 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 (NYSE:EME) last issued its 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 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 quarterly revenue was up 17.4% compared to the same quarter last year. During the same period last year, the company posted $5.25 earnings per share. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 EPS. Research analysts predict that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Announces Dividend

The business 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 dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, October 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.2%. EMCOR Group’s dividend payout ratio (DPR) is 4.15%.

EMCOR Group Company 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.