Cim Investment Management Inc. Has $962,000 Stock Holdings in EMCOR Group, Inc. $EME

Cim Investment Management Inc. increased its holdings in shares of EMCOR Group, Inc. (NYSE:EME) by 100.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,949 shares of the construction company’s stock after buying an additional 978 shares during the quarter. Cim Investment Management Inc.’s holdings in EMCOR Group were worth $962,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. AQR Capital Management LLC grew its stake in EMCOR Group by 43.6% during the 1st quarter. AQR Capital Management LLC now owns 703,456 shares of the construction company’s stock valued at $253,065,000 after acquiring an additional 213,631 shares in the last quarter. Norges Bank acquired a new stake in shares of EMCOR Group during the second quarter worth approximately $344,548,000. Northern Trust Corp grew its position in EMCOR Group by 3.7% during the first quarter. Northern Trust Corp now owns 571,487 shares of the construction company’s stock valued at $211,239,000 after purchasing an additional 20,604 shares in the last quarter. Burgundy Asset Management Ltd. increased its stake in EMCOR Group by 2.9% in 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. Finally, Allspring Global Investments Holdings LLC lifted its position in EMCOR Group by 13.3% in 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. 92.59% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

EME has been the subject of a number of research reports. 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. William Blair initiated coverage on EMCOR Group in a research report on Thursday, September 11th. They set an “outperform” rating for the company. DA Davidson upped their target price on EMCOR Group from $725.00 to $800.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. The Goldman Sachs Group upgraded EMCOR Group from a “sell” rating to a “neutral” rating and lifted their price target for the company from $495.00 to $676.00 in a report on Tuesday, October 7th. Finally, Robert W. Baird set a $713.00 price target on EMCOR Group in a research note on Friday, October 31st. One investment 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’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $692.83.

Insider Buying and Selling

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 transaction, the director owned 6,140 shares in the company, valued at $4,158,130.80. This trade represents a 17.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.83% of the stock is owned by company insiders.

EMCOR Group Price Performance

Shares of NYSE:EME opened at $622.13 on Friday. The stock has a market capitalization of $27.85 billion, a P/E ratio of 25.02 and a beta of 1.17. The business has a 50-day moving average of $653.30 and a two-hundred day moving average of $603.63. 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 issued its quarterly earnings data on Thursday, October 30th. The construction company reported $6.57 earnings per share 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 business had revenue of $4.30 billion for the quarter, compared to the consensus estimate of $4.27 billion. During the same period last year, the business earned $5.80 EPS. The firm’s revenue 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, research analysts expect that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 30th. Investors of record on Wednesday, October 15th were paid a $0.25 dividend. The ex-dividend date 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 (DPR) is presently 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.