Dorsey Wright & Associates Buys 588 Shares of EMCOR Group, Inc. $EME

Dorsey Wright & Associates boosted its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 5.0% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,385 shares of the construction company’s stock after purchasing an additional 588 shares during the quarter. EMCOR Group comprises 1.6% of Dorsey Wright & Associates’ portfolio, making the stock its 17th largest holding. Dorsey Wright & Associates’ holdings in EMCOR Group were worth $6,625,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Nordea Investment Management AB grew its stake in EMCOR Group by 63.8% in the 2nd quarter. Nordea Investment Management AB now owns 395,110 shares of the construction company’s stock valued at $210,278,000 after buying an additional 153,948 shares during the last quarter. AG2R LA Mondiale Gestion D Actifs acquired a new stake in shares of EMCOR Group in the second quarter valued at about $1,606,000. Allworth Financial LP increased its stake in shares of EMCOR Group by 2,337.8% in the second quarter. Allworth Financial LP now owns 5,290 shares of the construction company’s stock worth $2,830,000 after purchasing an additional 5,073 shares during the period. Raymond James Financial Inc. lifted its position in shares of EMCOR Group by 8.7% during the 1st quarter. Raymond James Financial Inc. now owns 101,536 shares of the construction company’s stock worth $37,531,000 after purchasing an additional 8,166 shares during the last quarter. Finally, Pinnbrook Capital Management LP acquired a new position in shares of EMCOR Group during the 2nd quarter worth about $1,510,000. Institutional investors own 92.59% of the company’s stock.

EMCOR Group Stock Up 0.6%

EME opened at $615.11 on Wednesday. The firm has a market cap of $27.54 billion, a price-to-earnings ratio of 25.52 and a beta of 1.25. 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’s 50-day simple moving average is $662.23 and its 200-day simple moving average is $584.94. EMCOR Group, Inc. has a twelve month low of $320.89 and a twelve month high of $778.64.

EMCOR Group (NYSE:EME) last announced its quarterly earnings results on Thursday, October 30th. The construction company reported $6.57 earnings per share (EPS) for the quarter, meeting the consensus estimate of $6.57. The firm had revenue of $4.30 billion during the quarter, compared to the consensus estimate of $4.27 billion. EMCOR Group had a net margin of 7.07% and a return on equity of 38.01%. The firm’s quarterly revenue was up 16.4% on a year-over-year basis. During the same period last year, the firm posted $5.80 EPS. EMCOR Group has set its FY 2025 guidance at 25.000-25.75 EPS. Equities research analysts anticipate that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 30th. Stockholders of record on Wednesday, October 15th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Wednesday, October 15th. EMCOR Group’s payout ratio is presently 4.02%.

Analyst Ratings Changes

EME has been the topic of several recent analyst reports. DA Davidson lifted their price target on EMCOR Group from $725.00 to $800.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Robert W. Baird set a $713.00 target price on shares of EMCOR Group in a research report on Friday, October 31st. Weiss Ratings reissued a “buy (b)” rating on shares of EMCOR Group in a report on Wednesday, October 8th. Zacks Research upgraded shares of EMCOR Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 12th. Finally, The Goldman Sachs Group raised 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 report on Tuesday, October 7th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $692.83.

Insider Buying and Selling

In related news, Director Robin A. Walker-Lee sold 1,325 shares of the stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $677.22, for a total transaction of $897,316.50. Following the sale, the director directly owned 6,140 shares in the company, valued at $4,158,130.80. This represents a 17.75% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.83% of the stock is currently owned by company insiders.

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.