KLP Kapitalforvaltning AS Sells 900 Shares of EMCOR Group, Inc. $EME

KLP Kapitalforvaltning AS lowered its position in EMCOR Group, Inc. (NYSE:EME) by 1.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 51,000 shares of the construction company’s stock after selling 900 shares during the period. KLP Kapitalforvaltning AS owned 0.11% of EMCOR Group worth $33,127,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of EME. Tobam lifted its holdings in shares of EMCOR Group by 1,900.0% in the 2nd quarter. Tobam now owns 80 shares of the construction company’s stock worth $43,000 after purchasing an additional 76 shares in the last quarter. Twin Peaks Wealth Advisors LLC acquired a new position in EMCOR Group during the second quarter worth $43,000. Harbor Investment Advisory LLC lifted its stake in shares of EMCOR Group by 110.0% in 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 in the last quarter. Hazlett Burt & Watson Inc. grew its holdings in shares of EMCOR Group by 37.5% during the second quarter. Hazlett Burt & Watson Inc. now owns 110 shares of the construction company’s stock valued at $59,000 after buying an additional 30 shares during the last quarter. Finally, True Wealth Design LLC increased its position in shares of EMCOR Group by 333.3% during the third quarter. True Wealth Design LLC now owns 91 shares of the construction company’s stock worth $59,000 after acquiring an additional 70 shares in the last quarter. Institutional investors own 92.59% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on EME. Wall Street Zen downgraded EMCOR Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 8th. Weiss Ratings restated a “buy (b)” rating on shares of EMCOR Group in a report on Wednesday, October 8th. Zacks Research downgraded EMCOR Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 19th. The Goldman Sachs Group raised EMCOR Group from a “sell” rating to a “neutral” rating and increased their price target for the company from $495.00 to $676.00 in a research report on Tuesday, October 7th. Finally, DA Davidson raised their price objective on EMCOR Group from $725.00 to $800.00 and gave the company a “buy” rating in a research note on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average 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 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 in the company, valued at $4,158,130.80. This trade represents a 17.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.83% of the company’s stock.

EMCOR Group Trading Down 0.7%

EMCOR Group stock opened at $651.43 on Thursday. The business’s 50 day simple moving average is $626.73 and its 200 day simple moving average is $622.16. EMCOR Group, Inc. has a 12 month low of $320.89 and a 12 month high of $778.64. The company has a market cap of $29.16 billion, a price-to-earnings ratio of 26.19 and a beta of 1.17.

EMCOR Group (NYSE:EME) last announced its quarterly earnings data on Thursday, October 30th. The construction company reported $6.57 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates 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 37.04% and a net margin of 6.96%.The firm’s quarterly revenue was up 16.4% compared to the same quarter last year. During the same period in the previous year, the business posted $5.80 EPS. EMCOR Group has set its FY 2025 guidance at 25.000-25.75 EPS. As a group, equities research analysts forecast that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Wednesday, January 14th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.2%. This is a boost from EMCOR Group’s previous quarterly dividend of $0.25. The ex-dividend date is Wednesday, January 14th. EMCOR Group’s dividend payout ratio (DPR) is presently 4.02%.

EMCOR Group declared that its board has approved a share repurchase plan on Thursday, December 18th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the construction company to purchase up to 1.9% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

EMCOR Group Profile

EMCOR Group, Inc is a provider of mechanical and electrical construction, industrial and energy infrastructure, and facilities services to commercial, institutional and industrial clients. The company delivers a broad range of services that include design-build and traditional construction of mechanical, electrical and plumbing systems; ongoing facilities maintenance and operations; and specialized industrial services for sectors such as manufacturing, data centers, healthcare and utilities.

EMCOR’s service offerings encompass HVAC, plumbing, electrical installation and maintenance, fire protection, building automation and controls, commissioning, testing and balancing, and energy management solutions.