Forsta AP Fonden Increases Stake in EMCOR Group, Inc. $EME

Forsta AP Fonden boosted its stake in EMCOR Group, Inc. (NYSE:EME) by 22.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 30,481 shares of the construction company’s stock after buying an additional 5,600 shares during the period. Forsta AP Fonden owned 0.07% of EMCOR Group worth $16,304,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of EME. Allworth Financial LP lifted its stake in shares of EMCOR Group by 17.9% in the 1st quarter. Allworth Financial LP now owns 217 shares of the construction company’s stock valued at $87,000 after purchasing an additional 33 shares during the period. Alps Advisors Inc. raised its holdings in EMCOR Group by 3.4% in the first quarter. Alps Advisors Inc. now owns 908 shares of the construction company’s stock worth $336,000 after purchasing an additional 30 shares in the last quarter. Cerity Partners LLC lifted its position in EMCOR Group by 4.0% during the first quarter. Cerity Partners LLC now owns 12,825 shares of the construction company’s stock valued at $4,740,000 after buying an additional 497 shares during the period. Securian Asset Management Inc. lifted its position in EMCOR Group by 2.9% during the first quarter. Securian Asset Management Inc. now owns 3,578 shares of the construction company’s stock valued at $1,323,000 after buying an additional 100 shares during the period. Finally, Signaturefd LLC boosted its holdings in shares of EMCOR Group by 16.4% during the 1st quarter. Signaturefd LLC now owns 532 shares of the construction company’s stock valued at $197,000 after buying an additional 75 shares in the last quarter. 92.59% of the stock is owned by institutional investors.

EMCOR Group Price Performance

Shares of EME opened at $643.73 on Thursday. EMCOR Group, Inc. has a twelve month low of $320.89 and a twelve month high of $778.64. The company has a market capitalization of $28.82 billion, a P/E ratio of 26.71 and a beta of 1.25. The firm has a 50 day moving average of $663.17 and a 200 day moving average of $578.06. The company has a quick ratio of 1.15, a current ratio of 1.18 and a debt-to-equity ratio of 0.08.

EMCOR Group (NYSE:EME) last released its quarterly earnings data on Thursday, October 30th. The construction company reported $6.57 earnings per share (EPS) for the quarter, meeting the consensus estimate of $6.57. The business had revenue of $4.30 billion for the quarter, compared to analysts’ expectations of $4.27 billion. EMCOR Group had a return on equity of 38.01% and a net margin of 7.07%.The firm’s quarterly revenue was up 16.4% on a year-over-year basis. During the same period in the prior year, the firm posted $5.80 EPS. EMCOR Group has set its FY 2025 guidance at 25.000-25.75 EPS. As a group, equities research analysts anticipate that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts recently issued reports on EME shares. DA Davidson increased their price target 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. The Goldman Sachs Group upgraded shares of EMCOR Group from a “sell” rating to a “neutral” rating and lifted their target price for the company from $495.00 to $676.00 in a report on Tuesday, October 7th. Wall Street Zen cut EMCOR Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 8th. William Blair began coverage on EMCOR Group in a research report on Thursday, September 11th. They set an “outperform” rating for the company. Finally, Zacks Research upgraded EMCOR Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 12th. Two 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $692.83.

Insider Buying and Selling

In other EMCOR Group news, Director Robin A. Walker-Lee sold 1,325 shares of the business’s stock in a transaction dated 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 transaction, the director owned 6,140 shares of the company’s stock, valued at approximately $4,158,130.80. The trade was 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. Insiders own 0.83% 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.