BI Asset Management Fondsmaeglerselskab A S Acquires 33,143 Shares of EMCOR Group, Inc. $EME

BI Asset Management Fondsmaeglerselskab A S grew its holdings in EMCOR Group, Inc. (NYSE:EME) by 37.4% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 121,864 shares of the construction company’s stock after acquiring an additional 33,143 shares during the period. BI Asset Management Fondsmaeglerselskab A S owned 0.27% of EMCOR Group worth $65,184,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Brevan Howard Capital Management LP boosted its holdings in EMCOR Group by 217.9% in the second quarter. Brevan Howard Capital Management LP now owns 9,523 shares of the construction company’s stock worth $5,094,000 after purchasing an additional 6,527 shares in the last quarter. Balyasny Asset Management L.P. lifted its position in shares of EMCOR Group by 130.1% in the second quarter. Balyasny Asset Management L.P. now owns 97,114 shares of the construction company’s stock worth $51,945,000 after buying an additional 54,904 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of EMCOR Group by 2.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 337,218 shares of the construction company’s stock worth $180,315,000 after acquiring an additional 6,976 shares in the last quarter. California State Teachers Retirement System increased its holdings in shares of EMCOR Group by 0.6% during the 2nd quarter. California State Teachers Retirement System now owns 70,982 shares of the construction company’s stock valued at $37,968,000 after acquiring an additional 442 shares during the last quarter. Finally, Raymond James Financial Inc. raised its stake in shares of EMCOR Group by 4.9% in the 2nd quarter. Raymond James Financial Inc. now owns 106,542 shares of the construction company’s stock valued at $56,988,000 after acquiring an additional 5,006 shares in the last quarter. Institutional investors own 92.59% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on EME shares. Robert W. Baird set a $713.00 price target on EMCOR Group in a report on Friday, October 31st. Weiss Ratings reiterated a “buy (b)” rating on shares of EMCOR Group in a research note on Wednesday, October 8th. Stifel Nicolaus boosted their target price on shares of EMCOR Group from $692.00 to $718.00 and gave the stock a “buy” rating in a research report on Monday, October 13th. Zacks Research downgraded EMCOR Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 19th. Finally, William Blair initiated coverage on EMCOR Group in a research note on Thursday, September 11th. They issued an “outperform” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, EMCOR Group currently has an average rating of “Moderate Buy” and a consensus price target of $692.83.

Insider Transactions at EMCOR Group

In other news, Director Robin A. Walker-Lee sold 1,325 shares of the 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 completion of the transaction, the director owned 6,140 shares in the company, valued at approximately $4,158,130.80. This represents a 17.75% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.83% of the stock is owned by company insiders.

EMCOR Group Stock Performance

NYSE:EME opened at $622.13 on Friday. The firm’s 50-day moving average is $653.30 and its 200-day moving average is $602.75. The company has a market cap of $27.85 billion, a price-to-earnings ratio of 25.02 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 released its earnings results on Thursday, October 30th. The construction company reported $6.57 earnings per share for the quarter, hitting analysts’ consensus estimates of $6.57. The business had revenue of $4.30 billion for the quarter, compared to the consensus estimate of $4.27 billion. EMCOR Group had a return on equity of 37.04% and a net margin of 6.96%.The firm’s revenue for the quarter was up 16.4% compared to the same quarter last year. During the same period last year, the business earned $5.80 earnings per share. EMCOR Group has set its FY 2025 guidance at 25.000-25.75 EPS. Equities analysts predict that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 30th. Shareholders of record on Wednesday, October 15th were paid a dividend of $0.25 per share. 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 payout ratio 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.