Burgundy Asset Management Ltd. Buys 14,935 Shares of EMCOR Group, Inc. $EME

Burgundy Asset Management Ltd. grew its stake in EMCOR Group, Inc. (NYSE:EME) by 2.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 530,457 shares of the construction company’s stock after acquiring an additional 14,935 shares during the period. EMCOR Group accounts for about 2.8% of Burgundy Asset Management Ltd.’s investment portfolio, making the stock its 3rd biggest position. Burgundy Asset Management Ltd. owned approximately 1.19% of EMCOR Group worth $283,736,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. AQR Capital Management LLC increased its position in EMCOR Group by 43.6% in the first quarter. AQR Capital Management LLC now owns 703,456 shares of the construction company’s stock worth $253,065,000 after purchasing an additional 213,631 shares during the period. Norges Bank bought a new stake in shares of EMCOR Group during the second quarter worth approximately $344,548,000. Northern Trust Corp lifted its holdings in EMCOR Group by 3.7% in the first quarter. Northern Trust Corp now owns 571,487 shares of the construction company’s stock valued at $211,239,000 after buying an additional 20,604 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in EMCOR Group by 13.3% in the second quarter. Allspring Global Investments Holdings LLC now owns 518,354 shares of the construction company’s stock valued at $275,184,000 after acquiring an additional 60,693 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in EMCOR Group by 8.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 430,607 shares of the construction company’s stock worth $159,153,000 after acquiring an additional 34,541 shares during the period. 92.59% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

EME has been the subject of a number of analyst reports. Zacks Research cut shares of EMCOR Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 19th. Stifel Nicolaus boosted 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. Weiss Ratings restated a “buy (b)” rating on shares of EMCOR Group in a research report on Wednesday, October 8th. William Blair initiated coverage on EMCOR Group in a report on Thursday, September 11th. They set an “outperform” rating on the stock. Finally, DA Davidson increased their price target on EMCOR Group from $725.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $692.83.

EMCOR Group Price Performance

Shares of EME stock opened at $623.33 on Friday. The company has a fifty day moving average price of $655.72 and a two-hundred day moving average price of $597.93. EMCOR Group, Inc. has a one year low of $320.89 and a one year high of $778.64. The stock has a market cap of $27.91 billion, a P/E ratio of 25.06 and a beta of 1.17.

EMCOR Group (NYSE:EME) last released its quarterly earnings data on Thursday, October 30th. The construction company reported $6.57 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $6.57. EMCOR Group had a return on equity of 37.04% and a net margin of 6.96%.The company had revenue of $4.30 billion during the quarter, compared to analysts’ expectations of $4.27 billion. During the same period last year, the firm posted $5.80 earnings per share. The business’s revenue 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, equities research analysts anticipate that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Dividend Announcement

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

Insider Buying and Selling at EMCOR Group

In other EMCOR Group 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 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.83% of the company’s stock.

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.