BI Asset Management Fondsmaeglerselskab A S Grows Stock Position in EMCOR Group, Inc. $EME

Key Points

Error: Response status code does not indicate success: 429 (Too Many Requests).

BI Asset Management Fondsmaeglerselskab A S lifted its stake in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 68.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 88,721 shares of the construction company's stock after acquiring an additional 36,195 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S owned approximately 0.20% of EMCOR Group worth $32,794,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in EME. Pacer Advisors Inc. grew its stake in shares of EMCOR Group by 3,878.2% during the 1st quarter. Pacer Advisors Inc. now owns 534,585 shares of the construction company's stock valued at $197,599,000 after acquiring an additional 521,147 shares during the period. GAMMA Investing LLC boosted its stake in EMCOR Group by 49,775.5% in the 1st quarter. GAMMA Investing LLC now owns 374,066 shares of the construction company's stock worth $138,266,000 after purchasing an additional 373,316 shares during the period. Nuveen LLC bought a new position in EMCOR Group in the 1st quarter worth approximately $71,821,000. Ameriprise Financial Inc. boosted its stake in EMCOR Group by 94.2% in the 4th quarter. Ameriprise Financial Inc. now owns 306,999 shares of the construction company's stock worth $139,349,000 after purchasing an additional 148,915 shares during the period. Finally, Assenagon Asset Management S.A. boosted its stake in EMCOR Group by 203.0% in the 1st quarter. Assenagon Asset Management S.A. now owns 185,512 shares of the construction company's stock worth $68,571,000 after purchasing an additional 124,295 shares during the period. 92.59% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Robert W. Baird assumed coverage on EMCOR Group in a research note on Friday, June 27th. They issued an "outperform" rating and a $560.00 price target for the company. DA Davidson upped their price target on EMCOR Group from $515.00 to $725.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. William Blair assumed coverage on EMCOR Group in a research note on Friday, June 27th. They issued an "outperform" rating for the company. Hovde Group upgraded EMCOR Group to a "hold" rating in a research note on Friday, June 27th. Finally, Baird R W upgraded EMCOR Group to a "strong-buy" rating in a research note on Friday, June 27th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, EMCOR Group has a consensus rating of "Moderate Buy" and an average target price of $594.50.

EMCOR Group Price Performance

Shares of EME traded down $0.5080 during mid-day trading on Friday, hitting $610.3420. 222,909 shares of the stock were exchanged, compared to its average volume of 377,207. The company has a market cap of $27.32 billion, a PE ratio of 25.33 and a beta of 1.27. EMCOR Group, Inc. has a 52-week low of $320.89 and a 52-week high of $667.64. The firm has a 50-day moving average of $569.94 and a two-hundred day moving average of $470.91. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.15 and a current ratio of 1.18.

EMCOR Group (NYSE:EME - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The construction company reported $6.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.68 by $1.04. The business had revenue of $4.30 billion for the quarter, compared to analysts' expectations of $4.10 billion. EMCOR Group had a return on equity of 38.01% and a net margin of 7.07%.The company's revenue for the quarter was up 17.4% on a year-over-year basis. During the same period in the prior year, the firm earned $5.25 EPS. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 EPS. On average, equities analysts predict that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Tuesday, July 15th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.2%. The ex-dividend date was Tuesday, July 15th. EMCOR Group's dividend payout ratio is presently 4.15%.

EMCOR Group Company 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.