EMCOR Group, Inc. $EME Shares Sold by Qube Research & Technologies Ltd

Qube Research & Technologies Ltd cut its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 17.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 291,001 shares of the construction company’s stock after selling 61,214 shares during the period. Qube Research & Technologies Ltd owned 0.65% of EMCOR Group worth $155,654,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in EME. 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 valued at $33,000 after acquiring an additional 38 shares during the period. Tobam grew its stake in EMCOR Group by 1,900.0% during the second quarter. Tobam now owns 80 shares of the construction company’s stock worth $43,000 after buying an additional 76 shares during the period. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of EMCOR Group in the second quarter worth $43,000. Harbor Investment Advisory LLC raised its stake in shares of EMCOR Group by 110.0% in 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. Finally, Hazlett Burt & Watson Inc. lifted its holdings in shares of EMCOR Group by 37.5% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 110 shares of the construction company’s stock valued at $59,000 after acquiring an additional 30 shares in the last quarter. 92.59% of the stock is owned by hedge funds and other institutional investors.

EMCOR Group Trading Up 0.4%

EME stock opened at $626.51 on Thursday. The firm has a 50 day simple moving average of $654.42 and a 200-day simple moving average of $601.39. The company has a market capitalization of $28.05 billion, a P/E ratio of 25.19 and a beta of 1.17. EMCOR Group, Inc. has a twelve month low of $320.89 and a twelve month high of $778.64.

EMCOR Group (NYSE:EME) last posted its quarterly earnings results 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 firm 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%. The firm’s quarterly revenue was up 16.4% on a year-over-year basis. During the same period in the prior year, the company posted $5.80 earnings per share. EMCOR Group has set its FY 2025 guidance at 25.000-25.75 EPS. On average, research analysts predict that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 30th. Investors of record on Wednesday, October 15th were paid a $0.25 dividend. 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 4.02%.

Wall Street Analysts Forecast Growth

Several research firms have commented on EME. Robert W. Baird set a $713.00 price objective on EMCOR Group in a research report on Friday, October 31st. Weiss Ratings reiterated a “buy (b)” rating on shares of EMCOR Group in a report on Wednesday, October 8th. 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 report on Friday, October 31st. Stifel Nicolaus increased their price objective on shares of EMCOR Group from $692.00 to $718.00 and gave the company a “buy” rating in a research report on Monday, October 13th. Finally, William Blair started coverage on shares of EMCOR Group in a research report on Thursday, September 11th. They set an “outperform” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average 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 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 transaction of $897,316.50. Following the sale, the director 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 filing with the SEC, which is available through this link. 0.83% of the stock is owned by 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.