Kestra Investment Management LLC Buys 2,237 Shares of EMCOR Group, Inc. $EME

Kestra Investment Management LLC lifted its position in EMCOR Group, Inc. (NYSE:EME) by 179.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,482 shares of the construction company’s stock after purchasing an additional 2,237 shares during the period. Kestra Investment Management LLC’s holdings in EMCOR Group were worth $1,863,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of EMCOR Group in the 1st quarter worth $395,000. Dimensional Fund Advisors LP raised its holdings in shares of EMCOR Group by 8.7% in the first quarter. Dimensional Fund Advisors LP now owns 430,607 shares of the construction company’s stock valued at $159,153,000 after acquiring an additional 34,541 shares in the last quarter. Brandywine Global Investment Management LLC purchased a new stake in EMCOR Group in the first quarter worth about $10,127,000. Ethic Inc. lifted its stake in EMCOR Group by 40.9% in the first quarter. Ethic Inc. now owns 4,983 shares of the construction company’s stock worth $1,871,000 after acquiring an additional 1,446 shares during the period. Finally, American Century Companies Inc. grew its holdings in EMCOR Group by 16.6% during the 1st quarter. American Century Companies Inc. now owns 249,373 shares of the construction company’s stock worth $92,176,000 after acquiring an additional 35,426 shares in the last quarter. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

EMCOR Group Stock Down 2.7%

Shares of NYSE EME opened at $622.13 on Monday. EMCOR Group, Inc. has a 52-week low of $320.89 and a 52-week high of $778.64. The firm has a market cap of $27.85 billion, a price-to-earnings ratio of 25.02 and a beta of 1.17. The business’s 50 day moving average is $653.30 and its two-hundred day moving average is $604.58.

EMCOR Group (NYSE:EME) last released its earnings results on Thursday, October 30th. The construction company reported $6.57 EPS for the quarter, meeting analysts’ consensus estimates of $6.57. EMCOR Group had a return on equity of 37.04% and a net margin of 6.96%.The company had revenue of $4.30 billion during the quarter, compared to the consensus estimate of $4.27 billion. During the same quarter last year, the company earned $5.80 earnings per share. EMCOR Group’s quarterly 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. Analysts anticipate that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 30th. Stockholders of record on Wednesday, October 15th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Wednesday, October 15th. EMCOR Group’s payout ratio is currently 4.02%.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

Several research firms have recently commented on EME. Zacks Research lowered shares of EMCOR Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 19th. Stifel Nicolaus boosted their price objective on shares of EMCOR Group from $692.00 to $718.00 and gave the stock a “buy” rating in a research note on Monday, October 13th. William Blair started coverage on EMCOR Group in a report on Thursday, September 11th. They set an “outperform” rating for the company. The Goldman Sachs Group upgraded EMCOR Group from a “sell” rating to a “neutral” rating and lifted their price target for the company from $495.00 to $676.00 in a report on Tuesday, October 7th. Finally, Robert W. Baird set a $713.00 price target on shares of EMCOR Group in a research report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $692.83.

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.