Arcus Capital Partners LLC Trims Position in EMCOR Group, Inc. $EME

Arcus Capital Partners LLC lessened its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 7.4% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 787 shares of the construction company’s stock after selling 63 shares during the period. Arcus Capital Partners LLC’s holdings in EMCOR Group were worth $421,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of 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 worth $27,000 after acquiring an additional 48 shares during the period. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of EMCOR Group during the 1st quarter worth $28,000. Hazlett Burt & Watson Inc. purchased a new position in shares of EMCOR Group during the 1st quarter worth $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 worth $33,000 after acquiring an additional 38 shares during the period. Finally, Pandora Wealth Inc. purchased a new position in shares of EMCOR Group during the 1st quarter worth $37,000. Hedge funds and other institutional investors own 92.59% of the company’s stock.

EMCOR Group Stock Up 0.4%

Shares of NYSE:EME opened at $689.81 on Friday. The company has a current ratio of 1.18, a quick ratio of 1.15 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $30.88 billion, a price-to-earnings ratio of 28.62 and a beta of 1.24. The business has a 50-day moving average price of $638.04 and a 200 day moving average price of $537.87. EMCOR Group, Inc. has a 12-month low of $320.89 and a 12-month high of $697.91.

EMCOR Group (NYSE:EME) last issued its quarterly earnings results on Thursday, July 31st. The construction company reported $6.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.68 by $1.04. The company had revenue of $4.30 billion for the quarter, compared to analyst estimates of $4.10 billion. EMCOR Group had a net margin of 7.07% and a return on equity of 38.01%. The business’s revenue for the quarter was up 17.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $5.25 earnings per share. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 EPS. Sell-side 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 paid 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 dividend payout ratio is 4.15%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. UBS Group set a $750.00 price target on EMCOR Group and gave the stock a “buy” rating in a report on Tuesday, August 5th. Stifel Nicolaus raised their price objective on EMCOR Group from $692.00 to $718.00 and gave the stock a “buy” rating in a research report on Monday, October 13th. William Blair initiated coverage on EMCOR Group in a research report on Thursday, September 11th. They set an “outperform” rating for the company. Baird R W raised EMCOR Group to a “strong-buy” rating in a research report on Friday, June 27th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of EMCOR Group in a research report on Wednesday, October 8th. 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, the company has a consensus rating of “Moderate Buy” and an average target price 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.