First National Bank of Hutchinson Raises Stock Holdings in EMCOR Group, Inc. $EME

Key Points

• First National Bank of Hutchinson increased its investment in EMCOR Group by 90.8% during the second quarter, now holding 2,521 shares valued at approximately $1,348,000.
• EMCOR Group reported impressive quarterly earnings with an EPS of $6.72, surpassing analyst expectations of $5.68, alongside a 17.4% year-over-year revenue increase.
• EMCOR Group declared a monthly dividend of $0.25 per share, with a payout ratio of 4.15%, to be distributed to shareholders on October 30th.

First National Bank of Hutchinson increased its holdings in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 90.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,521 shares of the construction company's stock after buying an additional 1,200 shares during the quarter. EMCOR Group comprises approximately 0.8% of First National Bank of Hutchinson's portfolio, making the stock its 24th biggest holding. First National Bank of Hutchinson's holdings in EMCOR Group were worth $1,348,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Koshinski Asset Management Inc. purchased a new position in EMCOR Group during the second quarter worth about $260,000. Carmel Capital Partners LLC purchased a new position in shares of EMCOR Group in the 2nd quarter worth about $1,975,000. AssuredPartners Investment Advisors LLC raised its holdings in shares of EMCOR Group by 2.5% in the 2nd quarter. AssuredPartners Investment Advisors LLC now owns 2,205 shares of the construction company's stock worth $1,179,000 after purchasing an additional 53 shares during the period. Private Trust Co. NA raised its holdings in shares of EMCOR Group by 11.8% in the 2nd quarter. Private Trust Co. NA now owns 312 shares of the construction company's stock worth $167,000 after purchasing an additional 33 shares during the period. Finally, Applied Finance Capital Management LLC purchased a new position in shares of EMCOR Group in the 2nd quarter worth about $605,000. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on EME. Wall Street Zen upgraded EMCOR Group from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 2nd. Stifel Nicolaus raised their price objective on EMCOR Group from $692.00 to $718.00 and gave the stock a "buy" rating in a report 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 for the company. William Blair assumed coverage on EMCOR Group in a research report on Thursday, September 11th. They set an "outperform" rating on the stock. Finally, Hovde Group raised EMCOR Group to a "hold" rating in a research report on Friday, June 27th. Two equities 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, EMCOR Group currently has a consensus rating of "Moderate Buy" and an average target price of $654.83.

EMCOR Group Price Performance

EME stock 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. EMCOR Group, Inc. has a 52-week low of $320.89 and a 52-week high of $697.91. The stock's 50 day moving average is $638.04 and its two-hundred day moving average is $536.82. The company has a market capitalization of $30.88 billion, a PE ratio of 28.62 and a beta of 1.24.

EMCOR Group (NYSE:EME - Get Free Report) last issued its 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 during the quarter, compared to analyst estimates of $4.10 billion. EMCOR Group had a return on equity of 38.01% and a net margin of 7.07%.The business's revenue was up 17.4% on a year-over-year basis. During the same quarter last year, the firm earned $5.25 EPS. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 EPS. Analysts predict that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Announces Dividend

The firm also recently disclosed 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 is Wednesday, October 15th. This represents a $1.00 annualized dividend and a dividend yield of 0.1%. EMCOR Group's payout ratio is currently 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.

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