Axa S.A. Boosts Stock Holdings in EMCOR Group, Inc. $EME

Axa S.A. grew its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 73.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 89,947 shares of the construction company’s stock after buying an additional 37,948 shares during the quarter. Axa S.A. owned 0.20% of EMCOR Group worth $48,112,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Lombard Odier Asset Management USA Corp purchased a new position in EMCOR Group in the 2nd quarter worth approximately $210,000. Daiwa Securities Group Inc. increased its stake in shares of EMCOR Group by 5.8% in the second quarter. Daiwa Securities Group Inc. now owns 39,226 shares of the construction company’s stock worth $20,982,000 after buying an additional 2,160 shares during the period. Ossiam increased its stake in shares of EMCOR Group by 63.7% in the second quarter. Ossiam now owns 691 shares of the construction company’s stock worth $370,000 after buying an additional 269 shares during the period. Bank of Nova Scotia raised its holdings in EMCOR Group by 406.1% during the 2nd quarter. Bank of Nova Scotia now owns 4,565 shares of the construction company’s stock valued at $2,442,000 after buying an additional 3,663 shares during the last quarter. Finally, Burgundy Asset Management Ltd. boosted its position in EMCOR Group by 2.9% during the 2nd quarter. Burgundy Asset Management Ltd. now owns 530,457 shares of the construction company’s stock valued at $283,736,000 after buying an additional 14,935 shares during the period. Institutional investors own 92.59% of the company’s stock.

Insider Transactions at EMCOR Group

In other news, Director Robin A. Walker-Lee sold 1,325 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $677.22, for a total value of $897,316.50. Following the transaction, the director owned 6,140 shares in the company, valued at approximately $4,158,130.80. This represents a 17.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.26% of the company’s stock.

Analysts Set New Price Targets

EME has been the topic of a number of analyst reports. William Blair initiated coverage on shares of EMCOR Group in a research report on Thursday, September 11th. They issued an “outperform” rating on the stock. Robert W. Baird set a $713.00 target price on EMCOR Group in a research note on Friday, October 31st. DA Davidson upped their target price on EMCOR Group from $725.00 to $800.00 and gave the company a “buy” rating in a report on Friday, October 31st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of EMCOR Group in a research report on Wednesday, October 8th. Finally, Stifel Nicolaus increased their target price on EMCOR Group from $692.00 to $718.00 and gave the stock a “buy” rating in a research report on Monday, October 13th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $692.83.

EMCOR Group Stock Down 0.9%

EMCOR Group stock opened at $623.65 on Wednesday. EMCOR Group, Inc. has a twelve month low of $320.89 and a twelve month high of $778.64. The company has a market capitalization of $27.92 billion, a P/E ratio of 25.08 and a beta of 1.17. The stock’s 50 day moving average is $654.99 and its 200 day moving average is $601.21.

EMCOR Group (NYSE:EME) last released its earnings results on Thursday, October 30th. The construction company reported $6.57 EPS for the quarter, hitting the consensus estimate of $6.57. EMCOR Group had a return on equity of 37.04% and a net margin of 6.96%.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 company posted $5.80 earnings per share. The company’s revenue for the quarter 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. As a group, equities analysts expect that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Dividend Announcement

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

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.