2,823 Shares in EMCOR Group, Inc. $EME Acquired by Pinnbrook Capital Management LP

Pinnbrook Capital Management LP bought a new stake in shares of EMCOR Group, Inc. (NYSE:EME) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 2,823 shares of the construction company’s stock, valued at approximately $1,510,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Nordea Investment Management AB increased its holdings in EMCOR Group by 63.8% during the second quarter. Nordea Investment Management AB now owns 395,110 shares of the construction company’s stock valued at $210,278,000 after buying an additional 153,948 shares during the last quarter. AG2R LA Mondiale Gestion D Actifs bought a new position in shares of EMCOR Group during the 2nd quarter valued at about $1,606,000. Raymond James Financial Inc. increased its stake in EMCOR Group by 8.7% in the 1st quarter. Raymond James Financial Inc. now owns 101,536 shares of the construction company’s stock worth $37,531,000 after acquiring an additional 8,166 shares during the last quarter. Earned Wealth Advisors LLC bought a new stake in shares of EMCOR Group in the 2nd quarter worth about $204,000. Finally, Belpointe Asset Management LLC purchased a new stake in EMCOR Group during the first quarter valued at approximately $277,000. Hedge funds and other institutional investors own 92.59% of the company’s stock.

EMCOR Group Trading Up 0.2%

EME stock opened at $619.91 on Friday. EMCOR Group, Inc. has a 12 month low of $320.89 and a 12 month high of $778.64. The firm’s 50-day moving average is $662.62 and its 200 day moving average is $579.79. The company has a market capitalization of $27.75 billion, a PE ratio of 25.72 and a beta of 1.25. 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 earnings results on Thursday, October 30th. The construction company reported $6.57 EPS for the quarter, hitting analysts’ consensus estimates of $6.57. EMCOR Group had a net margin of 7.07% and a return on equity of 38.01%. The business had revenue of $4.30 billion for the quarter, compared to the consensus estimate of $4.27 billion. During the same period in the prior year, the firm earned $5.80 EPS. The company’s revenue for the quarter was up 16.4% compared to the same quarter last year. EMCOR Group has set its FY 2025 guidance at 25.000-25.75 EPS. On average, research analysts anticipate that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 30th. Shareholders of record on Wednesday, October 15th were given a dividend of $0.25 per share. The ex-dividend date of this dividend 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 4.02%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on EME shares. UBS Group set a $750.00 target price on EMCOR Group and gave the company a “buy” rating in a research report on Tuesday, August 5th. DA Davidson lifted their price objective on shares of EMCOR Group from $725.00 to $800.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Weiss Ratings reiterated a “buy (b)” rating on shares of EMCOR Group in a research report on Wednesday, October 8th. Northcoast Research lowered shares of EMCOR Group from a “buy” rating to a “neutral” rating and set a $500.00 target price for the company. in a report on Thursday, August 7th. Finally, Zacks Research raised shares of EMCOR Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 12th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $692.83.

Insiders Place Their Bets

In other EMCOR Group news, Director Robin A. Walker-Lee sold 1,325 shares of the company’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 completion of the sale, the director directly 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 Securities & Exchange Commission, which can be accessed through this hyperlink. 0.83% of the stock is currently owned by company insiders.

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.