Livforsakringsbolaget Skandia Omsesidigt Raises Stake in EMCOR Group, Inc. $EME

Key Points

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Livforsakringsbolaget Skandia Omsesidigt raised its stake in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 65.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,619 shares of the construction company's stock after buying an additional 3,400 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt's holdings in EMCOR Group were worth $4,610,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in EME. Janus Henderson Group PLC raised its stake in EMCOR Group by 13.6% during the fourth quarter. Janus Henderson Group PLC now owns 3,819 shares of the construction company's stock valued at $1,734,000 after buying an additional 456 shares during the last quarter. ProShare Advisors LLC raised its stake in shares of EMCOR Group by 5.8% in the fourth quarter. ProShare Advisors LLC now owns 2,152 shares of the construction company's stock worth $977,000 after purchasing an additional 118 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in shares of EMCOR Group in the fourth quarter worth $1,647,000. Toronto Dominion Bank raised its stake in shares of EMCOR Group by 198.3% in the fourth quarter. Toronto Dominion Bank now owns 17,874 shares of the construction company's stock worth $8,113,000 after purchasing an additional 11,882 shares during the last quarter. Finally, State of Wyoming purchased a new position in shares of EMCOR Group in the fourth quarter worth $180,000. Hedge funds and other institutional investors own 92.59% of the company's stock.

EMCOR Group Stock Performance

EMCOR Group stock traded up $4.91 during mid-day trading on Friday, reaching $633.83. 10,504,955 shares of the stock traded hands, compared to its average volume of 420,380. The stock has a market capitalization of $28.37 billion, a PE ratio of 26.30 and a beta of 1.28. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.18 and a quick ratio of 1.15. EMCOR Group, Inc. has a 12-month low of $320.89 and a 12-month high of $667.64. The business's 50-day moving average is $612.05 and its 200-day moving average is $499.26.

EMCOR Group (NYSE:EME - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The construction company reported $6.72 EPS for the quarter, beating analysts' consensus estimates of $5.68 by $1.04. The company had revenue of $4.30 billion during 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%.EMCOR Group's revenue for the quarter was up 17.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $5.25 earnings per share. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 EPS. As a group, sell-side analysts predict that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts have recently weighed in on EME shares. Hovde Group upgraded EMCOR Group to a "hold" rating in a research note on Friday, June 27th. Robert W. Baird started 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. Zacks Research upgraded EMCOR Group from a "hold" rating to a "strong-buy" rating in a research note on Friday, September 12th. DA Davidson boosted 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. Finally, Wall Street Zen upgraded EMCOR Group from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $594.50.

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.