Bayforest Capital Ltd Has $30,000 Stake in EMCOR Group, Inc. $EME

Key Points

• Bayforest Capital Ltd significantly reduced its stake in EMCOR Group, decreasing ownership by 97.5% to just 56 shares valued at approximately $30,000.
• EMCOR Group reported a quarterly earnings per share of $6.72, exceeding expectations, while also showing a year-over-year revenue increase of 17.4%.
• EMCOR has declared a quarterly dividend of $0.25, which will be paid on October 30th, leading to an annualized dividend yield of 0.1%.

Bayforest Capital Ltd trimmed its position in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 97.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 56 shares of the construction company's stock after selling 2,209 shares during the quarter. Bayforest Capital Ltd's holdings in EMCOR Group were worth $30,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in EME. GAMMA Investing LLC lifted its holdings 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 during the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of EMCOR Group by 20.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 19,796 shares of the construction company's stock valued at $7,317,000 after buying an additional 3,407 shares during the last quarter. State of Alaska Department of Revenue lifted its holdings in shares of EMCOR Group by 2.7% during the 1st quarter. State of Alaska Department of Revenue now owns 5,387 shares of the construction company's stock valued at $1,991,000 after buying an additional 140 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of EMCOR Group by 3.9% during the 1st quarter. Blue Trust Inc. now owns 1,553 shares of the construction company's stock valued at $574,000 after buying an additional 58 shares during the last quarter. Finally, Praxis Investment Management Inc. lifted its holdings in shares of EMCOR Group by 27.8% during the 1st quarter. Praxis Investment Management Inc. now owns 1,240 shares of the construction company's stock valued at $458,000 after buying an additional 270 shares during the last quarter. 92.59% of the stock is currently owned by institutional investors and hedge funds.

EMCOR Group Stock Performance

Shares of NYSE EME opened at $689.81 on Friday. The company has a quick ratio of 1.15, a current ratio of 1.18 and a debt-to-equity ratio of 0.08. The business's 50 day moving average is $638.04 and its two-hundred day moving average is $537.87. The company has a market cap of $30.88 billion, a P/E ratio of 28.62 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.

EMCOR Group (NYSE:EME - Get Free Report) last issued 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 company had revenue of $4.30 billion for the quarter, compared to the consensus estimate of $4.10 billion. EMCOR Group had a return on equity of 38.01% and a net margin of 7.07%.The company's revenue for the quarter was up 17.4% on a year-over-year basis. During the same period in the previous year, the business posted $5.25 EPS. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 EPS. On average, equities analysts expect that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Dividend Announcement

The firm 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. 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 payout ratio is currently 4.15%.

Analyst Ratings Changes

EME has been the subject of several research reports. Northcoast Research lowered EMCOR Group from a "buy" rating to a "neutral" rating and set a $500.00 price target for the company. in a report on Thursday, August 7th. TD Securities assumed coverage on EMCOR Group in a research note on Friday, June 27th. They issued a "buy" rating on the stock. Stifel Nicolaus raised their price objective on EMCOR Group from $692.00 to $718.00 and gave the company a "buy" rating in a research note on Monday, October 13th. Jefferies Financial Group assumed coverage on EMCOR Group in a research note on Friday, June 27th. They issued a "buy" rating on the stock. Finally, The Goldman Sachs Group raised EMCOR Group from a "sell" rating to a "neutral" rating and raised their price objective for the company from $495.00 to $676.00 in a research note on Tuesday, October 7th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, EMCOR Group presently has a consensus rating of "Moderate Buy" and a consensus price target of $654.83.

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.

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