KLP Kapitalforvaltning AS Buys 3,900 Shares of EMCOR Group, Inc. $EME

KLP Kapitalforvaltning AS boosted its holdings in EMCOR Group, Inc. (NYSE:EME) by 8.1% in the second quarter, Holdings Channel reports. The firm owned 51,900 shares of the construction company’s stock after purchasing an additional 3,900 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in EMCOR Group were worth $27,761,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. AQR Capital Management LLC grew its position in EMCOR Group by 43.6% in the first quarter. AQR Capital Management LLC now owns 703,456 shares of the construction company’s stock valued at $253,065,000 after purchasing an additional 213,631 shares in the last quarter. Northern Trust Corp grew its position in EMCOR Group by 3.7% in 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. Pacer Advisors Inc. grew its position in EMCOR Group by 3,878.2% in the first quarter. Pacer Advisors Inc. now owns 534,585 shares of the construction company’s stock valued at $197,599,000 after purchasing an additional 521,147 shares in the last quarter. Burgundy Asset Management Ltd. grew its position in EMCOR Group by 6.9% in the first quarter. Burgundy Asset Management Ltd. now owns 515,522 shares of the construction company’s stock valued at $190,552,000 after purchasing an additional 33,069 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in EMCOR Group by 6.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 457,661 shares of the construction company’s stock valued at $171,852,000 after purchasing an additional 28,038 shares in the last quarter. Institutional investors own 92.59% of the company’s stock.

EMCOR Group Stock Performance

NYSE EME opened at $673.59 on Wednesday. The firm has a 50-day moving average of $628.82 and a 200-day moving average of $521.45. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.15 and a current ratio of 1.18. The stock has a market cap of $30.15 billion, a PE ratio of 27.95 and a beta of 1.24. EMCOR Group, Inc. has a 52-week low of $320.89 and a 52-week high of $685.82.

EMCOR Group (NYSE:EME) last posted its earnings results on Thursday, July 31st. The construction company reported $6.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.68 by $1.04. The company had revenue of $4.30 billion during the quarter, compared to analysts’ expectations of $4.10 billion. EMCOR Group had a net margin of 7.07% and a return on equity of 38.01%. EMCOR Group’s quarterly revenue was up 17.4% compared to the same quarter last year. During the same quarter last year, the company posted $5.25 EPS. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 EPS. On average, sell-side analysts anticipate that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 30th. Stockholders of record on Wednesday, October 15th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date is Wednesday, October 15th. EMCOR Group’s dividend payout ratio (DPR) is currently 4.15%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on EME. DA Davidson raised their target price on shares of EMCOR Group from $515.00 to $725.00 and gave the company a “buy” rating in a research report on Friday, August 1st. UBS Group set a $750.00 price target on shares of EMCOR Group and gave the company a “buy” rating in a research note on Tuesday, August 5th. Baird R W upgraded shares of EMCOR Group to a “strong-buy” rating in a research note on Friday, June 27th. Jefferies Financial Group initiated coverage on shares of EMCOR Group in a research note on Friday, June 27th. They issued a “buy” rating for the company. Finally, Wall Street Zen upgraded shares of EMCOR Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 2nd. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $634.67.

EMCOR Group 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.