Oak Thistle LLC Takes $2.70 Million Position in EMCOR Group, Inc. $EME

Oak Thistle LLC acquired a new position in shares of EMCOR Group, Inc. (NYSE:EME) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,158 shares of the construction company’s stock, valued at approximately $2,701,000.

A number of other large investors have also recently bought and sold shares of the company. Pinnbrook Capital Management LP bought a new position in EMCOR Group in the second quarter valued at approximately $1,510,000. Nordea Investment Management AB boosted its holdings in shares of EMCOR Group by 63.8% in the 2nd quarter. Nordea Investment Management AB now owns 395,110 shares of the construction company’s stock valued at $210,278,000 after purchasing an additional 153,948 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its stake in shares of EMCOR Group by 4.4% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 21,345 shares of the construction company’s stock valued at $11,417,000 after purchasing an additional 894 shares during the last quarter. Empirical Finance LLC acquired a new position in shares of EMCOR Group during the 2nd quarter worth $1,174,000. Finally, Capital Fund Management S.A. lifted its position in shares of EMCOR Group by 17.1% during the 2nd quarter. Capital Fund Management S.A. now owns 38,710 shares of the construction company’s stock worth $20,706,000 after buying an additional 5,658 shares during the last quarter. 92.59% of the stock is currently owned by institutional investors and hedge funds.

EMCOR Group Stock Performance

Shares of NYSE EME opened at $623.80 on Wednesday. The stock has a market cap of $27.93 billion, a P/E ratio of 25.08 and a beta of 1.17. The firm has a 50 day moving average price of $651.40 and a two-hundred day moving average price of $606.75. EMCOR Group, Inc. has a 52-week low of $320.89 and a 52-week high of $778.64.

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

EMCOR Group Dividend Announcement

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

Insider Activity at EMCOR Group

In related 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 stock was sold at an average price of $677.22, for a total value of $897,316.50. Following the sale, the director directly owned 6,140 shares in the company, valued at $4,158,130.80. This represents a 17.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.26% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

EME has been the subject of a number of research reports. Weiss Ratings reissued a “buy (b)” rating on shares of EMCOR Group in a report on Wednesday, October 8th. Wall Street Zen downgraded shares of EMCOR Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 8th. William Blair started coverage on shares of EMCOR Group in a research report on Thursday, September 11th. They issued an “outperform” rating on the stock. Stifel Nicolaus upped their price target on shares of EMCOR Group from $692.00 to $718.00 and gave the stock a “buy” rating in a report on Monday, October 13th. Finally, Zacks Research cut EMCOR Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 19th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $692.83.

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.