849 Shares in EMCOR Group, Inc. $EME Bought by Westerkirk Capital Inc.

Westerkirk Capital Inc. purchased a new stake in shares of EMCOR Group, Inc. (NYSE:EME) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 849 shares of the construction company’s stock, valued at approximately $454,000.

Several other large investors also recently modified their holdings of the business. Groupe la Francaise raised its position 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 purchasing an additional 38 shares during the last quarter. Pandora Wealth Inc. bought a new stake in shares of EMCOR Group in the 1st quarter worth approximately $37,000. Tobam increased its stake in shares of EMCOR Group by 1,900.0% during the second quarter. Tobam now owns 80 shares of the construction company’s stock valued at $43,000 after buying an additional 76 shares during the period. Harbor Investment Advisory LLC increased its stake in shares of EMCOR Group by 110.0% during the second quarter. Harbor Investment Advisory LLC now owns 105 shares of the construction company’s stock valued at $56,000 after buying an additional 55 shares during the period. Finally, Hazlett Burt & Watson Inc. lifted its stake in EMCOR Group by 37.5% in the second quarter. Hazlett Burt & Watson Inc. now owns 110 shares of the construction company’s stock worth $59,000 after acquiring an additional 30 shares during the period. 92.59% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on EME shares. Stifel Nicolaus lifted their price target on shares of EMCOR Group from $692.00 to $718.00 and gave the company a “buy” rating in a report on Monday, October 13th. William Blair began coverage on EMCOR Group in a research report on Thursday, September 11th. They set an “outperform” rating on the stock. Northcoast Research downgraded EMCOR Group from a “buy” rating to a “neutral” rating and set a $500.00 target price on the stock. in a report on Thursday, August 7th. UBS Group set a $750.00 target price on EMCOR Group and gave the company a “buy” rating in a research note on Tuesday, August 5th. Finally, Wall Street Zen cut EMCOR Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 8th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $692.83.

EMCOR Group Stock Down 0.2%

Shares of EME opened at $606.79 on Wednesday. The business’s 50 day moving average price is $656.21 and its 200-day moving average price is $595.60. EMCOR Group, Inc. has a 52 week low of $320.89 and a 52 week high of $778.64. The stock has a market cap of $27.17 billion, a P/E ratio of 24.40 and a beta of 1.17.

EMCOR Group (NYSE:EME) last posted its quarterly earnings data on Thursday, October 30th. The construction company reported $6.57 earnings per share for the quarter, meeting analysts’ consensus estimates of $6.57. EMCOR Group had a return on equity of 37.04% and a net margin of 6.96%.The company had revenue of $4.30 billion during the quarter, compared to analyst estimates of $4.27 billion. During the same quarter last year, the company earned $5.80 EPS. The firm’s revenue for the quarter was up 16.4% on a year-over-year basis. EMCOR Group has set its FY 2025 guidance at 25.000-25.75 EPS. On average, equities analysts anticipate that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Dividend Announcement

The company also recently disclosed 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. 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 (DPR) is currently 4.02%.

Insider Transactions at EMCOR Group

In other news, Director Robin A. Walker-Lee sold 1,325 shares of the company’s stock in a transaction that occurred 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 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.26% of the company’s stock.

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.