EMCOR Group, Inc. $EME Holdings Decreased by 1832 Asset Management L.P.

1832 Asset Management L.P. trimmed its holdings in shares of EMCOR Group, Inc. (NYSE:EME) by 14.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,795 shares of the construction company’s stock after selling 831 shares during the period. 1832 Asset Management L.P.’s holdings in EMCOR Group were worth $2,565,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in EME. Groupe la Francaise grew its stake in 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 buying an additional 38 shares during the last quarter. Pandora Wealth Inc. bought a new position in shares of EMCOR Group during the first quarter worth about $37,000. Tobam grew its position in shares of EMCOR Group by 1,900.0% during the second quarter. Tobam now owns 80 shares of the construction company’s stock worth $43,000 after acquiring an additional 76 shares during the last quarter. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of EMCOR Group in the 2nd quarter worth about $43,000. Finally, Harbor Investment Advisory LLC lifted its position in EMCOR Group by 110.0% in the 2nd quarter. Harbor Investment Advisory LLC now owns 105 shares of the construction company’s stock valued at $56,000 after purchasing an additional 55 shares during the last quarter. Institutional investors own 92.59% of the company’s stock.

Wall Street Analysts Forecast Growth

EME has been the subject of several recent analyst reports. Wall Street Zen cut shares of EMCOR Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 8th. DA Davidson increased their price objective on EMCOR Group from $725.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, October 31st. The Goldman Sachs Group raised EMCOR Group from a “sell” rating to a “neutral” rating and lifted their target price for the company from $495.00 to $676.00 in a research note on Tuesday, October 7th. Weiss Ratings reissued a “buy (b)” rating on shares of EMCOR Group in a research note on Wednesday, October 8th. Finally, Zacks Research lowered EMCOR Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 19th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $692.83.

EMCOR Group Trading Down 1.9%

Shares of NYSE EME opened at $623.33 on Friday. EMCOR Group, Inc. has a twelve month low of $320.89 and a twelve month high of $778.64. The firm has a 50-day moving average of $655.72 and a two-hundred day moving average of $597.06. The company has a market capitalization of $27.91 billion, a price-to-earnings ratio of 25.06 and a beta of 1.17.

EMCOR Group (NYSE:EME) last released its earnings results on Thursday, October 30th. The construction company reported $6.57 EPS for the quarter, hitting analysts’ consensus estimates of $6.57. EMCOR Group had a net margin of 6.96% and a return on equity of 37.04%. The business had revenue of $4.30 billion for the quarter, compared to the consensus estimate of $4.27 billion. During the same period in the previous year, the firm earned $5.80 EPS. The business’s revenue for the quarter was up 16.4% on a year-over-year basis. EMCOR Group has set its FY 2025 guidance at 25.000-25.75 EPS. As a group, research analysts predict that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Dividend Announcement

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

Insider Activity at EMCOR Group

In other 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 transaction of $897,316.50. Following the completion of the sale, the director directly owned 6,140 shares of the company’s stock, valued at $4,158,130.80. This trade represents a 17.75% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.83% of the company’s stock.

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.