EMCOR Group, Inc. $EME Position Reduced by 1832 Asset Management L.P.

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

A number of other large investors have also made changes to their positions in the company. Norges Bank acquired a new position in EMCOR Group in the 2nd quarter worth approximately $344,548,000. New Vernon Capital Holdings II LLC acquired a new stake in shares of EMCOR Group in the first quarter worth $114,220,000. Jones Financial Companies Lllp boosted its position in shares of EMCOR Group by 56,287.8% in the first quarter. Jones Financial Companies Lllp now owns 286,450 shares of the construction company’s stock worth $105,881,000 after buying an additional 285,942 shares during the period. AQR Capital Management LLC grew its holdings in shares of EMCOR Group by 43.6% during the first quarter. AQR Capital Management LLC now owns 703,456 shares of the construction company’s stock valued at $253,065,000 after buying an additional 213,631 shares in the last quarter. Finally, Nuveen LLC acquired a new position in EMCOR Group during the first quarter valued at $71,821,000. Institutional investors and hedge funds own 92.59% of the company’s stock.

EMCOR Group Stock Performance

NYSE:EME opened at $623.33 on Friday. The company has a market capitalization of $27.91 billion, a P/E ratio of 25.06 and a beta of 1.17. The stock’s 50 day moving average price is $655.72 and its 200 day moving average price is $597.06. EMCOR Group, Inc. has a 52 week low of $320.89 and a 52 week high of $778.64.

EMCOR Group (NYSE:EME) last posted 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 net margin of 6.96% and a return on equity of 37.04%. The company had revenue of $4.30 billion during the quarter, compared to the consensus estimate of $4.27 billion. During the same period in the previous year, the firm 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, sell-side analysts forecast that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on EME shares. Wall Street Zen lowered EMCOR Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 8th. The Goldman Sachs Group upgraded shares of EMCOR Group from a “sell” rating to a “neutral” rating and raised their price target for the stock from $495.00 to $676.00 in a report on Tuesday, October 7th. William Blair initiated coverage on shares of EMCOR Group in a research report on Thursday, September 11th. They set an “outperform” rating on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of EMCOR Group in a research report on Wednesday, October 8th. Finally, Zacks Research lowered shares of EMCOR Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 19th. 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, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $692.83.

Insiders Place Their Bets

In other EMCOR Group news, Director Robin A. Walker-Lee sold 1,325 shares of the business’s stock in a transaction dated 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 sale, the director owned 6,140 shares of the company’s stock, valued at $4,158,130.80. The trade was a 17.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.83% of the stock is currently owned by company insiders.

EMCOR Group 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.