Cumberland Partners Ltd Takes Position in EMCOR Group, Inc. $EME

Cumberland Partners Ltd purchased a new position in EMCOR Group, Inc. (NYSE:EME) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 2,750 shares of the construction company’s stock, valued at approximately $1,471,000.

Other hedge funds also recently made changes to their positions in the company. Empirical Finance LLC bought a new position in shares of EMCOR Group during the second quarter valued at approximately $1,174,000. Seizert Capital Partners LLC lifted its position in EMCOR Group by 1.6% during the second quarter. Seizert Capital Partners LLC now owns 21,186 shares of the construction company’s stock valued at $11,332,000 after buying an additional 328 shares during the period. Dorsey Wright & Associates boosted its holdings in shares of EMCOR Group by 5.0% during the 2nd quarter. Dorsey Wright & Associates now owns 12,385 shares of the construction company’s stock valued at $6,625,000 after buying an additional 588 shares in the last quarter. TD Waterhouse Canada Inc. increased its stake in shares of EMCOR Group by 151.3% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 11,683 shares of the construction company’s stock worth $6,212,000 after acquiring an additional 7,034 shares in the last quarter. Finally, Renaissance Group LLC boosted its stake in EMCOR Group by 21.8% during the second quarter. Renaissance Group LLC now owns 90,319 shares of the construction company’s stock worth $48,311,000 after acquiring an additional 16,190 shares in the last quarter. 92.59% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other EMCOR Group news, Director Robin A. Walker-Lee sold 1,325 shares of the firm’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $677.22, for a total value of $897,316.50. Following the transaction, the director directly 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.83% of the company’s stock.

EMCOR Group Stock Down 1.6%

EME opened at $604.73 on Thursday. The stock has a market capitalization of $27.07 billion, a price-to-earnings ratio of 25.09 and a beta of 1.25. The firm has a 50 day moving average price of $661.63 and a 200-day moving average price of $585.08. EMCOR Group, Inc. has a twelve month low of $320.89 and a twelve month high of $778.64. The company has a quick ratio of 1.15, a current ratio of 1.18 and a debt-to-equity ratio of 0.08.

EMCOR Group (NYSE:EME) last posted its earnings results on Thursday, October 30th. The construction company reported $6.57 EPS for the quarter, hitting analysts’ consensus estimates of $6.57. The business had revenue of $4.30 billion during the quarter, compared to the consensus estimate of $4.27 billion. EMCOR Group had a net margin of 7.07% and a return on equity of 38.01%. The firm’s revenue was up 16.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $5.80 EPS. EMCOR Group has set its FY 2025 guidance at 25.000-25.75 EPS. Equities research analysts forecast that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Dividend Announcement

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

Analyst Ratings Changes

EME has been the subject of a number of analyst reports. Stifel Nicolaus raised their target price on shares of EMCOR Group from $692.00 to $718.00 and gave the company a “buy” rating in a research note on Monday, October 13th. The Goldman Sachs Group raised EMCOR Group from a “sell” rating to a “neutral” rating and raised their price objective for the company from $495.00 to $676.00 in a research report on Tuesday, October 7th. DA Davidson increased 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. Zacks Research upgraded EMCOR Group from a “hold” rating to a “strong-buy” rating in a report on Friday, September 12th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of EMCOR Group in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, EMCOR Group presently has an average rating of “Moderate Buy” and a consensus target price of $692.83.

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.