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

Raiffeisen Bank International AG raised its holdings in shares of EMCOR Group, Inc. (NYSE:EME) by 1.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor 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 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Symphony Financial Ltd. Co. acquired a new position in EMCOR Group in the second quarter valued at approximately $47,504,000. Universal Beteiligungs und Servicegesellschaft mbH lifted its position in shares of EMCOR Group by 6.7% during the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 52,237 shares of the construction company’s stock worth $27,941,000 after buying an additional 3,261 shares during the last quarter. Integrated Quantitative Investments LLC acquired a new position in shares of EMCOR Group in the 2nd quarter valued at $1,083,000. Western Wealth Management LLC acquired a new position in shares of EMCOR Group in the 2nd quarter valued at $1,265,000. Finally, Waratah Capital Advisors Ltd. purchased a new position in shares of EMCOR Group in the 2nd quarter valued at $3,890,000. Hedge funds and other institutional investors own 92.59% of the company’s stock.

EMCOR Group Stock Down 1.3%

EMCOR Group stock opened at $611.51 on Tuesday. The stock has a 50 day moving average of $662.41 and a two-hundred day moving average of $583.64. EMCOR Group, Inc. has a twelve month low of $320.89 and a twelve month high of $778.64. The stock has a market capitalization of $27.38 billion, a price-to-earnings ratio of 25.37 and a beta of 1.25. The company has a current ratio of 1.18, a quick ratio of 1.15 and a debt-to-equity ratio of 0.08.

EMCOR Group (NYSE:EME) last released its quarterly earnings results on Thursday, October 30th. The construction company reported $6.57 EPS 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 business had revenue of $4.30 billion during the quarter, compared to analysts’ expectations of $4.27 billion. During the same quarter in the prior year, the business earned $5.80 earnings per share. The company’s quarterly 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. As a group, research analysts expect that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 30th. Stockholders of record on Wednesday, October 15th were paid a $0.25 dividend. This represents a $1.00 annualized dividend 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%.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. The Goldman Sachs Group upgraded shares of EMCOR Group from a “sell” rating to a “neutral” rating and upped their price objective for the company from $495.00 to $676.00 in a research note 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 on the stock. Stifel Nicolaus boosted their price objective on EMCOR Group from $692.00 to $718.00 and gave the company a “buy” rating in a research note on Monday, October 13th. Finally, Robert W. Baird set a $713.00 target price on shares of EMCOR Group in a research report on Friday, October 31st. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $692.83.

Insider Activity at EMCOR Group

In other news, Director Robin A. Walker-Lee sold 1,325 shares of EMCOR Group stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $677.22, for a total value of $897,316.50. Following the sale, the director owned 6,140 shares of the company’s stock, valued at $4,158,130.80. The trade was a 17.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company 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.