EMCOR Group, Inc. $EME Shares Purchased by Raiffeisen Bank International AG

Raiffeisen Bank International AG boosted its holdings in EMCOR Group, Inc. (NYSE:EME) by 1.5% in the 2nd quarter, HoldingsChannel reports. The fund owned 6,338 shares of the construction company’s stock after acquiring an additional 92 shares during the quarter. Raiffeisen Bank International AG’s holdings in EMCOR Group were worth $3,192,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Hazlett Burt & Watson Inc. purchased a new position in shares of EMCOR Group in the 1st quarter valued at about $30,000. Groupe la Francaise grew its position in EMCOR Group by 79.2% during the first quarter. Groupe la Francaise now owns 86 shares of the construction company’s stock worth $33,000 after buying an additional 38 shares during the period. Pandora Wealth Inc. acquired a new position in EMCOR Group during the first quarter worth about $37,000. Tobam increased its holdings in EMCOR Group by 1,900.0% in the second quarter. Tobam now owns 80 shares of the construction company’s stock valued at $43,000 after buying an additional 76 shares in the last quarter. Finally, Harbor Investment Advisory LLC lifted its position in shares of EMCOR Group by 110.0% during the 2nd quarter. Harbor Investment Advisory LLC now owns 105 shares of the construction company’s stock valued at $56,000 after acquiring an additional 55 shares during the period. Institutional investors and hedge funds own 92.59% of the company’s stock.

EMCOR Group Price Performance

EME stock opened at $611.51 on Tuesday. The stock’s 50 day moving average price is $662.41 and its 200 day moving average price is $583.64. The firm has a market cap of $27.38 billion, a P/E ratio of 25.37 and a beta of 1.25. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.15 and a current ratio of 1.18. EMCOR Group, Inc. has a 1 year low of $320.89 and a 1 year high of $778.64.

EMCOR Group (NYSE:EME) last released its quarterly earnings results on Thursday, October 30th. The construction company reported $6.57 earnings per share for the quarter, hitting the consensus estimate of $6.57. EMCOR Group had a return on equity of 38.01% and a net margin of 7.07%.The company had revenue of $4.30 billion during the quarter, compared to the consensus estimate of $4.27 billion. During the same quarter last year, the business posted $5.80 earnings per share. EMCOR Group’s revenue 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, sell-side analysts expect that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Announces Dividend

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

Wall Street Analysts Forecast Growth

EME has been the topic of several research analyst reports. DA Davidson boosted their price target on EMCOR Group from $725.00 to $800.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. William Blair assumed coverage on EMCOR Group in a report on Thursday, September 11th. They set an “outperform” rating for the company. Weiss Ratings reiterated a “buy (b)” rating on shares of EMCOR Group in a research report on Wednesday, October 8th. Northcoast Research cut EMCOR Group from a “buy” rating to a “neutral” rating and set a $500.00 price target for the company. in a research report on Thursday, August 7th. Finally, Wall Street Zen downgraded EMCOR Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 8th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $692.83.

Insider Transactions at EMCOR Group

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 shares were sold at an average price of $677.22, for a total transaction of $897,316.50. Following the sale, the director directly owned 6,140 shares of the company’s stock, valued at $4,158,130.80. This trade represents a 17.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.83% of the company’s stock.

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.