Bayforest Capital Ltd Buys 1,087 Shares of EMCOR Group, Inc. $EME

Key Points

• Bayforest Capital Ltd increased its position in EMCOR Group, Inc. by 92.3%, owning 2,265 shares worth approximately $837,000 after buying an additional 1,087 shares in the first quarter.
• EMCOR Group reported a quarterly earnings per share of $6.72, exceeding analysts' expectations, with revenues of $4.30 billion for the quarter—a 17.4% year-over-year increase.
• The company declared a quarterly dividend of $0.25, resulting in an annualized yield of 0.2% with a dividend payout ratio of 4.15%.

Bayforest Capital Ltd increased its position in EMCOR Group, Inc. (NYSE:EME - Free Report) by 92.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,265 shares of the construction company's stock after buying an additional 1,087 shares during the period. Bayforest Capital Ltd's holdings in EMCOR Group were worth $837,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. BankPlus Trust Department raised its holdings in shares of EMCOR Group by 200.0% during the 1st quarter. BankPlus Trust Department now owns 72 shares of the construction company's stock valued at $27,000 after purchasing an additional 48 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of EMCOR Group during the 1st quarter valued at $28,000. Hazlett Burt & Watson Inc. bought a new position in shares of EMCOR Group during the 1st quarter valued at $30,000. Groupe la Francaise raised its holdings in shares of EMCOR Group by 79.2% during the 1st quarter. Groupe la Francaise now owns 86 shares of the construction company's stock valued at $33,000 after purchasing an additional 38 shares in the last quarter. Finally, Pandora Wealth Inc. bought a new position in shares of EMCOR Group during the 1st quarter valued at $37,000. Institutional investors and hedge funds own 92.59% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on EME shares. The Goldman Sachs Group raised their price target on shares of EMCOR Group from $384.00 to $435.00 and gave the company a "sell" rating in a report on Tuesday, July 8th. Stifel Nicolaus raised their price target on shares of EMCOR Group from $503.00 to $597.00 and gave the company a "buy" rating in a report on Friday, July 11th. William Blair started coverage on shares of EMCOR Group in a report on Thursday. They set an "outperform" rating on the stock. UBS Group set a $750.00 price target on shares of EMCOR Group and gave the company a "buy" rating in a report on Tuesday, August 5th. Finally, Northcoast Research downgraded shares of EMCOR Group from a "buy" rating to a "neutral" rating and set a $500.00 price objective for the company. in a report on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $594.50.

EMCOR Group Stock Performance

Shares of NYSE EME traded up $5.96 during trading hours on Thursday, hitting $640.36. 666,563 shares of the stock were exchanged, compared to its average volume of 336,711. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.18 and a quick ratio of 1.15. The company's 50 day moving average is $602.71 and its 200 day moving average is $489.27. The firm has a market capitalization of $28.67 billion, a P/E ratio of 26.57 and a beta of 1.28. EMCOR Group, Inc. has a one year low of $320.89 and a one year high of $667.64.

EMCOR Group (NYSE:EME - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The construction company reported $6.72 earnings per share for the quarter, beating the consensus estimate of $5.68 by $1.04. EMCOR Group had a return on equity of 38.01% and a net margin of 7.07%.The company had revenue of $4.30 billion during the quarter, compared to analysts' expectations of $4.10 billion. During the same period in the prior year, the business earned $5.25 earnings per share. EMCOR Group's revenue for the quarter was up 17.4% compared to the same quarter last year. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 EPS. On average, research analysts expect 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 was paid on Thursday, July 31st. Investors of record on Tuesday, July 15th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, July 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.2%. EMCOR Group's payout ratio is 4.15%.

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.