Andra AP fonden Increases Stock Position in EMCOR Group, Inc. $EME

Andra AP fonden grew its position in shares of EMCOR Group, Inc. (NYSE:EME) by 83.2% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 55,700 shares of the construction company’s stock after buying an additional 25,300 shares during the quarter. Andra AP fonden owned 0.12% of EMCOR Group worth $29,793,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in EME. BankPlus Trust Department boosted its holdings in shares of EMCOR Group by 200.0% in the first 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. bought a new stake in shares of EMCOR Group during the 1st quarter worth $28,000. Hazlett Burt & Watson Inc. bought a new position in shares of EMCOR Group during the 1st quarter valued at about $30,000. Groupe la Francaise grew 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 during the last quarter. Finally, Pandora Wealth Inc. purchased a new position in shares of EMCOR Group in the first quarter worth about $37,000. Institutional investors own 92.59% of the company’s stock.

EMCOR Group Trading Up 3.1%

Shares of NYSE EME opened at $675.07 on Thursday. The company has a market cap of $30.22 billion, a price-to-earnings ratio of 28.01 and a beta of 1.25. EMCOR Group, Inc. has a fifty-two week low of $320.89 and a fifty-two week high of $778.64. 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 business’s 50 day moving average price is $660.68 and its 200-day moving average price is $568.89.

EMCOR Group (NYSE:EME) last announced its quarterly earnings data on Thursday, October 30th. The construction company reported $6.57 earnings per share (EPS) for the quarter, hitting the consensus estimate of $6.57. 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 for the quarter, compared to analysts’ expectations of $4.27 billion. During the same quarter in the prior year, the firm earned $5.80 earnings per share. EMCOR Group’s revenue was up 16.4% compared to the same quarter last year. EMCOR Group has set its FY 2025 guidance at 25.000-25.75 EPS. On average, sell-side analysts expect that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 30th. Investors of record on Wednesday, October 15th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend was Wednesday, October 15th. EMCOR Group’s dividend payout ratio (DPR) is presently 4.02%.

Analysts Set New Price Targets

A number of research firms have commented on EME. The Goldman Sachs Group raised EMCOR Group from a “sell” rating to a “neutral” rating and upped their price target for the company from $495.00 to $676.00 in a research report on Tuesday, October 7th. Wall Street Zen upgraded EMCOR Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 2nd. Northcoast Research cut shares of EMCOR Group from a “buy” rating to a “neutral” rating and set a $500.00 target price for the company. in a report on Thursday, August 7th. Stifel Nicolaus increased their price objective on EMCOR Group from $692.00 to $718.00 and gave the company a “buy” rating in a research report on Monday, October 13th. Finally, Robert W. Baird set a $713.00 target price on shares of EMCOR Group in a research report on Friday, October 31st. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, EMCOR Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $692.83.

Insider Activity at EMCOR Group

In related news, Director Robin A. Walker-Lee sold 1,325 shares of the firm’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $677.22, for a total value of $897,316.50. Following the completion of the transaction, the director owned 6,140 shares in the company, valued at $4,158,130.80. This trade represents a 17.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.26% of the company’s stock.

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.