4,070 Shares in EMCOR Group, Inc. $EME Acquired by California First Leasing Corp

California First Leasing Corp acquired a new stake in shares of EMCOR Group, Inc. (NYSE:EME) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 4,070 shares of the construction company’s stock, valued at approximately $2,177,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. AQR Capital Management LLC boosted its stake 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 purchasing an additional 213,631 shares during the period. Norges Bank purchased a new stake in shares of EMCOR Group in the second quarter valued at approximately $344,548,000. Northern Trust Corp lifted its holdings in shares of EMCOR Group by 3.7% in the 1st quarter. Northern Trust Corp now owns 571,487 shares of the construction company’s stock worth $211,239,000 after buying an additional 20,604 shares during the period. Allspring Global Investments Holdings LLC grew its position in shares of EMCOR Group by 13.3% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 518,354 shares of the construction company’s stock worth $275,184,000 after buying an additional 60,693 shares in the last quarter. Finally, Burgundy Asset Management Ltd. grew its position in shares of EMCOR Group by 6.9% during the 1st quarter. Burgundy Asset Management Ltd. now owns 515,522 shares of the construction company’s stock worth $190,552,000 after buying an additional 33,069 shares in the last quarter. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on EME shares. 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. Weiss Ratings reiterated a “buy (b)” rating on shares of EMCOR Group in a report on Wednesday, October 8th. Stifel Nicolaus raised their price target on shares of EMCOR Group from $692.00 to $718.00 and gave the company a “buy” rating in a report on Monday, October 13th. William Blair started coverage on shares of EMCOR Group in a report on Thursday, September 11th. They issued an “outperform” rating on the stock. Finally, The Goldman Sachs Group upgraded EMCOR Group from a “sell” rating to a “neutral” rating and increased their price objective for the company from $495.00 to $676.00 in a report on Tuesday, October 7th. One investment 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 company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $692.83.

EMCOR Group Stock Performance

Shares of EME opened at $623.33 on Friday. The business’s 50-day moving average is $655.72 and its two-hundred day moving average is $597.93. The company has a market capitalization of $27.91 billion, a P/E ratio of 25.06 and a beta of 1.17. EMCOR Group, Inc. has a fifty-two week low of $320.89 and a fifty-two week high of $778.64.

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

EMCOR Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 30th. Investors 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 dividend on an annualized basis and a yield of 0.2%. EMCOR Group’s dividend payout ratio is presently 4.02%.

Insider Activity

In related news, Director Robin A. Walker-Lee sold 1,325 shares of EMCOR Group stock in a transaction 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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.83% of the stock is 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.