Vest Financial LLC Acquires 1,925 Shares of EMCOR Group, Inc. $EME

Key Points

• Vest Financial LLC increased its stake in EMCOR Group by 24.7%, acquiring an additional 1,925 shares, bringing its total holdings to 9,719 shares valued at approximately $5.2 million.
• EMCOR Group reported a quarterly EPS of $6.72, exceeding analysts' expectations of $5.68, alongside a 17.4% year-over-year revenue increase to $4.3 billion.
• The company announced a quarterly dividend of $0.25 per share, with the payment scheduled for October 30th, reflecting a dividend yield of 0.1%.

Vest Financial LLC boosted its holdings in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 24.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,719 shares of the construction company's stock after purchasing an additional 1,925 shares during the quarter. Vest Financial LLC's holdings in EMCOR Group were worth $5,199,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EME. BankPlus Trust Department raised its stake in 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 during the period. Migdal Insurance & Financial Holdings Ltd. bought a new stake in EMCOR Group in the 1st quarter worth approximately $28,000. Hazlett Burt & Watson Inc. bought a new stake in EMCOR Group in the 1st quarter worth approximately $30,000. Groupe la Francaise increased its stake in EMCOR Group by 79.2% in the 1st quarter. Groupe la Francaise now owns 86 shares of the construction company's stock worth $33,000 after acquiring an additional 38 shares during the last quarter. Finally, Pandora Wealth Inc. bought a new stake in EMCOR Group in the 1st quarter worth approximately $37,000. Institutional investors own 92.59% of the company's stock.

EMCOR Group Price Performance

Shares of EMCOR Group stock opened at $678.57 on Tuesday. The stock has a market cap of $30.37 billion, a price-to-earnings ratio of 28.16 and a beta of 1.24. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.15 and a current ratio of 1.18. The stock has a 50 day moving average price of $632.80 and a 200-day moving average price of $530.35. EMCOR Group, Inc. has a one year low of $320.89 and a one year high of $697.91.

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

EMCOR Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 30th. Investors of record on Wednesday, October 15th will be issued a dividend of $0.25 per share. The ex-dividend date is Wednesday, October 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.1%. EMCOR Group's payout ratio is presently 4.15%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. William Blair assumed coverage on EMCOR Group in a research note on Thursday, September 11th. They issued an "outperform" rating on the stock. The Goldman Sachs Group raised EMCOR Group from a "sell" rating to a "neutral" rating and lifted their price objective for the stock from $495.00 to $676.00 in a research note on Tuesday, October 7th. Northcoast Research downgraded EMCOR Group from a "buy" rating to a "neutral" rating and set a $500.00 price objective on the stock. in a research note on Thursday, August 7th. Stifel Nicolaus lifted their price objective on EMCOR Group from $692.00 to $718.00 and gave the stock a "buy" rating in a research note on Monday. Finally, DA Davidson lifted their price objective on EMCOR Group from $515.00 to $725.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $654.83.

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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