American Trust Purchases New Position in EMCOR Group, Inc. $EME

American Trust acquired a new stake in shares of EMCOR Group, Inc. (NYSE:EME) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 930 shares of the construction company’s stock, valued at approximately $497,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Nordea Investment Management AB lifted its holdings in shares of EMCOR Group by 63.8% during the second quarter. Nordea Investment Management AB now owns 395,110 shares of the construction company’s stock valued at $210,278,000 after purchasing an additional 153,948 shares during the last quarter. Pinnbrook Capital Management LP bought a new stake in EMCOR Group in the second quarter worth $1,510,000. Nomura Asset Management Co. Ltd. increased its holdings in shares of EMCOR Group by 4.4% during the second quarter. Nomura Asset Management Co. Ltd. now owns 21,345 shares of the construction company’s stock valued at $11,417,000 after acquiring an additional 894 shares in the last quarter. Empirical Finance LLC purchased a new position in shares of EMCOR Group in the 2nd quarter worth about $1,174,000. Finally, Capital Fund Management S.A. boosted its stake in EMCOR Group by 17.1% in the 2nd quarter. Capital Fund Management S.A. now owns 38,710 shares of the construction company’s stock worth $20,706,000 after purchasing an additional 5,658 shares in the last quarter. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Analyst Ratings Changes

EME has been the subject of several recent analyst reports. DA Davidson lifted their target price on shares of EMCOR Group from $725.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Zacks Research lowered shares of EMCOR Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 19th. William Blair initiated coverage on EMCOR Group in a research note on Thursday, September 11th. They set an “outperform” rating on the stock. The Goldman Sachs Group raised EMCOR Group from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $495.00 to $676.00 in a research report on Tuesday, October 7th. Finally, Robert W. Baird set a $713.00 price objective 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 assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, EMCOR Group has an average rating of “Moderate Buy” and an average target price of $692.83.

EMCOR Group Stock Up 0.1%

EME stock opened at $624.34 on Tuesday. The business’s 50-day moving average price is $652.39 and its 200-day moving average price is $605.68. The stock has a market cap of $27.95 billion, a P/E ratio of 25.10 and a beta of 1.17. EMCOR Group, Inc. has a twelve month low of $320.89 and a twelve month high of $778.64.

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

EMCOR Group Announces Dividend

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

Insider Transactions at EMCOR Group

In related news, Director Robin A. Walker-Lee sold 1,325 shares of EMCOR Group stock in a transaction that occurred 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 sale, the director owned 6,140 shares of the company’s stock, valued at approximately $4,158,130.80. This trade represents a 17.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company 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.