EMCOR Group, Inc. $EME Shares Bought by Hancock Whitney Corp

Key Points

• Hancock Whitney Corp boosted its stake in EMCOR Group by 6.3%, holding 62,317 shares valued at approximately $23.03 million, making it the fund's 28th largest position.
• EMCOR Group's quarterly earnings surpassed analyst estimates, reporting $6.72 earnings per share, and has set a fiscal year 2025 guidance range of 24.500-25.750 EPS.
• The stock has received multiple upgrades from analysts, with an average rating of "Moderate Buy" and a target price of $594.50.

Hancock Whitney Corp lifted its stake in EMCOR Group, Inc. (NYSE:EME - Free Report) by 6.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 62,317 shares of the construction company's stock after acquiring an additional 3,680 shares during the period. EMCOR Group accounts for 0.8% of Hancock Whitney Corp's portfolio, making the stock its 28th largest position. Hancock Whitney Corp owned 0.14% of EMCOR Group worth $23,034,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in EME. Aptus Capital Advisors LLC raised its position in shares of EMCOR Group by 23.2% in the 4th quarter. Aptus Capital Advisors LLC now owns 685 shares of the construction company's stock worth $311,000 after acquiring an additional 129 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of EMCOR Group by 94.2% in the 4th quarter. Ameriprise Financial Inc. now owns 306,999 shares of the construction company's stock worth $139,349,000 after acquiring an additional 148,915 shares in the last quarter. Benjamin Edwards Inc. raised its position in shares of EMCOR Group by 24.1% in the 4th quarter. Benjamin Edwards Inc. now owns 3,597 shares of the construction company's stock worth $1,633,000 after acquiring an additional 699 shares in the last quarter. Bayesian Capital Management LP bought a new position in shares of EMCOR Group in the 4th quarter worth $675,000. Finally, Baird Financial Group Inc. raised its position in shares of EMCOR Group by 80.8% in the 4th quarter. Baird Financial Group Inc. now owns 10,395 shares of the construction company's stock worth $4,718,000 after acquiring an additional 4,647 shares in the last quarter. 92.59% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on EME. Robert W. Baird assumed coverage on EMCOR Group in a research report on Friday, June 27th. They issued an "outperform" rating and a $560.00 price target for the company. Hovde Group raised EMCOR Group to a "hold" rating in a research report on Friday, June 27th. UBS Group set a $750.00 target price on EMCOR Group and gave the company a "buy" rating in a research report on Tuesday, August 5th. Baird R W raised EMCOR Group to a "strong-buy" rating in a research report on Friday, June 27th. Finally, TD Securities assumed coverage on EMCOR Group in a research report on Friday, June 27th. They set a "buy" rating on the stock. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $594.50.

EMCOR Group Stock Performance

Shares of EME traded down $3.04 during mid-day trading on Monday, reaching $622.36. The company had a trading volume of 570,343 shares, compared to its average volume of 472,671. EMCOR Group, Inc. has a 52-week low of $320.89 and a 52-week high of $667.64. 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 stock has a market capitalization of $27.86 billion, a P/E ratio of 25.82 and a beta of 1.28. The stock has a 50 day moving average of $595.37 and a two-hundred day moving average of $484.04.

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 analysts' consensus estimates of $5.68 by $1.04. EMCOR Group had a return on equity of 38.01% and a net margin of 7.07%.The firm had revenue of $4.30 billion for the quarter, compared to the consensus estimate of $4.10 billion. During the same quarter in the prior year, the business earned $5.25 earnings per share. The company's revenue 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, analysts expect that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Tuesday, July 15th were issued a $0.25 dividend. 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 dividend payout ratio is presently 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.