American Trust Acquires Shares of 930 EMCOR Group, Inc. $EME

American Trust 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 Securities and Exchange Commission (SEC). The firm acquired 930 shares of the construction company’s stock, valued at approximately $497,000.

A number of other hedge funds also recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. bought a new stake in EMCOR Group in the 1st quarter worth approximately $395,000. Dimensional Fund Advisors LP grew its holdings in shares of EMCOR Group by 8.7% in the first quarter. Dimensional Fund Advisors LP now owns 430,607 shares of the construction company’s stock valued at $159,153,000 after purchasing an additional 34,541 shares in the last quarter. Ethic Inc. increased its position in EMCOR Group by 40.9% in the first quarter. Ethic Inc. now owns 4,983 shares of the construction company’s stock worth $1,871,000 after purchasing an additional 1,446 shares during the last quarter. American Century Companies Inc. raised its stake in EMCOR Group by 16.6% during the first quarter. American Century Companies Inc. now owns 249,373 shares of the construction company’s stock valued at $92,176,000 after purchasing an additional 35,426 shares in the last quarter. Finally, Cresset Asset Management LLC raised its stake in EMCOR Group by 12.3% during the first quarter. Cresset Asset Management LLC now owns 894 shares of the construction company’s stock valued at $330,000 after purchasing an additional 98 shares in the last quarter. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

EMCOR Group Stock Up 0.1%

Shares of NYSE:EME opened at $624.34 on Tuesday. The business’s 50 day moving average is $652.39 and its 200 day moving average 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 52-week low of $320.89 and a 52-week high of $778.64.

EMCOR Group (NYSE:EME) last issued its earnings results on Thursday, October 30th. The construction company reported $6.57 earnings per share for the quarter, meeting 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 return on equity of 37.04% and a net margin of 6.96%.EMCOR Group’s revenue was up 16.4% on a year-over-year basis. During the same period in the previous year, the company posted $5.80 EPS. EMCOR Group has set its FY 2025 guidance at 25.000-25.75 EPS. On average, sell-side analysts anticipate that EMCOR Group, Inc. will post 20.74 EPS 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 issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.2%. The ex-dividend date was Wednesday, October 15th. EMCOR Group’s dividend payout ratio is presently 4.02%.

Insider Buying and Selling

In other news, Director Robin A. Walker-Lee sold 1,325 shares of the business’s stock in a transaction dated Monday, November 3rd. The shares were 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 in the company, valued at approximately $4,158,130.80. The trade was a 17.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.26% of the company’s stock.

Analyst Ratings Changes

EME has been the subject of a number of recent research reports. The Goldman Sachs Group raised shares of EMCOR Group from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $495.00 to $676.00 in a research note on Tuesday, October 7th. Zacks Research downgraded EMCOR Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 19th. William Blair initiated coverage on EMCOR Group in a report on Thursday, September 11th. They set an “outperform” rating on the stock. Wall Street Zen downgraded EMCOR Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 8th. Finally, DA Davidson boosted their price objective on shares of EMCOR Group from $725.00 to $800.00 and gave the company a “buy” rating in a research report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $692.83.

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.