KLP Kapitalforvaltning AS Has $27.76 Million Stake in EMCOR Group, Inc. $EME

Key Points

• KLP Kapitalforvaltning AS increased its stake in EMCOR Group by 8.1%, owning approximately 0.12% of the company, valued at $27.76 million.
• EMCOR Group reported $6.72 earnings per share in its last quarterly earnings, surpassing estimates by $1.04, with a revenue increase of 17.4% year-over-year.
• The company announced a quarterly dividend of $0.25 per share, set to be paid on October 30th, with an annualized dividend yield of 0.1%.

KLP Kapitalforvaltning AS lifted its stake in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 8.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 51,900 shares of the construction company's stock after purchasing an additional 3,900 shares during the period. KLP Kapitalforvaltning AS owned approximately 0.12% of EMCOR Group worth $27,761,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Private Trust Co. NA lifted its holdings in EMCOR Group by 28.6% in the first quarter. Private Trust Co. NA now owns 279 shares of the construction company's stock valued at $103,000 after buying an additional 62 shares during the period. Janney Montgomery Scott LLC lifted its holdings in EMCOR Group by 20.8% in the first quarter. Janney Montgomery Scott LLC now owns 19,796 shares of the construction company's stock valued at $7,317,000 after buying an additional 3,407 shares during the period. Cambridge Investment Research Advisors Inc. lifted its holdings in EMCOR Group by 146.6% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 10,700 shares of the construction company's stock valued at $3,955,000 after buying an additional 6,361 shares during the period. Fifth Third Bancorp lifted its holdings in EMCOR Group by 17.5% in the first quarter. Fifth Third Bancorp now owns 844 shares of the construction company's stock valued at $312,000 after buying an additional 126 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in EMCOR Group by 34.9% in the first quarter. GAMMA Investing LLC now owns 1,012 shares of the construction company's stock valued at $374,000 after buying an additional 262 shares during the period. 92.59% of the stock is currently owned by institutional investors and hedge funds.

EMCOR Group Trading Up 0.5%

EME opened at $673.59 on Wednesday. The firm's fifty day moving average is $628.82 and its two-hundred day moving average is $521.45. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.15 and a current ratio of 1.18. The firm has a market cap of $30.15 billion, a PE ratio of 27.95 and a beta of 1.24. EMCOR Group, Inc. has a twelve month low of $320.89 and a twelve month high of $685.82.

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. EMCOR Group had a net margin of 7.07% and a return on equity of 38.01%. The company had revenue of $4.30 billion during the quarter, compared to the consensus estimate of $4.10 billion. During the same quarter in the prior year, the firm earned $5.25 earnings per share. The firm's revenue was up 17.4% compared to the same quarter last year. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 EPS. Equities research analysts anticipate that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 30th. Stockholders of record on Wednesday, October 15th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, October 15th. This represents a $1.00 annualized dividend and a dividend yield of 0.1%. EMCOR Group's dividend payout ratio is currently 4.15%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. TD Securities assumed coverage on shares of EMCOR Group in a report on Friday, June 27th. They issued a "buy" rating on the stock. Weiss Ratings restated a "buy (b)" rating on shares of EMCOR Group in a report on Saturday, September 27th. William Blair assumed coverage on shares of EMCOR Group in a research note on Thursday, September 11th. They issued an "outperform" rating for the company. Jefferies Financial Group assumed coverage on shares of EMCOR Group in a report on Friday, June 27th. They issued a "buy" rating on the stock. Finally, Wall Street Zen upgraded shares of EMCOR Group from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 2nd. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $634.67.

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.

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