Illinois Municipal Retirement Fund Decreases Stock Position in EMCOR Group, Inc. $EME

Illinois Municipal Retirement Fund trimmed its position in shares of EMCOR Group, Inc. (NYSE:EME) by 37.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 28,309 shares of the construction company’s stock after selling 17,029 shares during the quarter. Illinois Municipal Retirement Fund owned approximately 0.06% of EMCOR Group worth $15,142,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EME. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of EMCOR Group during the first quarter worth $28,000. Hazlett Burt & Watson Inc. acquired a new position in EMCOR Group during the first quarter worth about $30,000. Groupe la Francaise grew its stake in EMCOR Group by 79.2% during the 1st quarter. Groupe la Francaise now owns 86 shares of the construction company’s stock valued at $33,000 after acquiring an additional 38 shares in the last quarter. Pandora Wealth Inc. acquired a new stake in EMCOR Group in the 1st quarter valued at about $37,000. Finally, Harbor Investment Advisory LLC raised its holdings in EMCOR Group by 110.0% in the 2nd quarter. Harbor Investment Advisory LLC now owns 105 shares of the construction company’s stock valued at $56,000 after acquiring an additional 55 shares during the last quarter. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Insider Buying and Selling at EMCOR Group

In related news, Director Robin A. Walker-Lee sold 1,325 shares of the business’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 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.83% of the company’s stock.

Analyst Ratings Changes

EME has been the topic of several recent research reports. Wall Street Zen cut EMCOR Group from a “strong-buy” rating to a “buy” rating in a report on Saturday. Zacks Research upgraded EMCOR Group from a “hold” rating to a “strong-buy” rating in a report on Friday, September 12th. DA Davidson raised their target price on EMCOR Group from $725.00 to $800.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. 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 research report on Monday, October 13th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of EMCOR Group in a report on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $692.83.

EMCOR Group Trading Up 1.1%

Shares of EME stock opened at $656.40 on Tuesday. EMCOR Group, Inc. has a 1-year low of $320.89 and a 1-year high of $778.64. The firm has a market cap of $29.38 billion, a PE ratio of 27.24 and a beta of 1.25. The company has a 50-day moving average of $662.42 and a two-hundred day moving average of $575.98. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.18 and a quick ratio of 1.15.

EMCOR Group (NYSE:EME) last issued its quarterly earnings data on Thursday, October 30th. The construction company reported $6.57 EPS for the quarter, hitting the consensus estimate of $6.57. The firm had revenue of $4.30 billion for the quarter, compared to analyst estimates of $4.27 billion. EMCOR Group had a net margin of 7.07% and a return on equity of 38.01%. The business’s revenue for the quarter was up 16.4% compared to the same quarter last year. During the same period in the prior year, the business posted $5.80 EPS. EMCOR Group has set its FY 2025 guidance at 25.000-25.75 EPS. On average, analysts predict that EMCOR Group, Inc. will post 20.74 EPS for the current 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 given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Wednesday, October 15th. EMCOR Group’s dividend payout ratio (DPR) is currently 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.