EMCOR Group, Inc. $EME Shares Acquired by South Dakota Investment Council

South Dakota Investment Council increased its position in shares of EMCOR Group, Inc. (NYSE:EME) by 25.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,472 shares of the construction company’s stock after buying an additional 3,300 shares during the period. South Dakota Investment Council’s holdings in EMCOR Group were worth $8,811,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. McLean Asset Management Corp increased its position in shares of EMCOR Group by 2.8% during the second quarter. McLean Asset Management Corp now owns 700 shares of the construction company’s stock worth $379,000 after acquiring an additional 19 shares during the last quarter. Park Place Capital Corp increased its holdings in EMCOR Group by 6.9% during the 2nd quarter. Park Place Capital Corp now owns 308 shares of the construction company’s stock worth $164,000 after purchasing an additional 20 shares during the last quarter. Simon Quick Advisors LLC raised its position in shares of EMCOR Group by 2.1% in the 2nd quarter. Simon Quick Advisors LLC now owns 1,092 shares of the construction company’s stock valued at $584,000 after purchasing an additional 22 shares in the last quarter. NBC Securities Inc. boosted its stake in shares of EMCOR Group by 0.7% during the 2nd quarter. NBC Securities Inc. now owns 3,170 shares of the construction company’s stock valued at $1,695,000 after buying an additional 23 shares during the last quarter. Finally, Institute for Wealth Management LLC. boosted its stake in shares of EMCOR Group by 2.2% during the 2nd quarter. Institute for Wealth Management LLC. now owns 1,051 shares of the construction company’s stock valued at $562,000 after buying an additional 23 shares during the last quarter. 92.59% of the stock is owned by hedge funds and other institutional investors.

EMCOR Group Trading Up 4.3%

EMCOR Group stock opened at $675.81 on Monday. EMCOR Group, Inc. has a 1 year low of $320.89 and a 1 year high of $778.64. The firm’s 50-day moving average is $657.65 and its 200-day moving average is $564.11. 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 company has a market cap of $30.25 billion, a P/E ratio of 28.04 and a beta of 1.24.

EMCOR Group (NYSE:EME) last released its quarterly earnings data on Thursday, October 30th. The construction company reported $6.57 earnings per share for the quarter, hitting the consensus estimate of $6.57. EMCOR Group had a net margin of 7.07% and a return on equity of 38.01%. The firm had revenue of $4.30 billion for the quarter, compared to analyst estimates of $4.27 billion. During the same quarter in the prior year, the business earned $5.80 earnings per share. EMCOR Group’s quarterly revenue was up 16.4% on a year-over-year basis. EMCOR Group has set its FY 2025 guidance at 25.000-25.75 EPS. On average, equities analysts expect that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 30th. Investors of record on Wednesday, October 15th were given a dividend of $0.25 per share. The ex-dividend date was Wednesday, October 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.1%. EMCOR Group’s payout ratio is currently 4.02%.

Analyst Ratings Changes

A number of brokerages recently issued reports on EME. DA Davidson lifted their price target on shares of EMCOR Group from $725.00 to $800.00 and gave the stock a “buy” rating in a research note on Friday. Stifel Nicolaus boosted their target price on shares of EMCOR Group from $692.00 to $718.00 and gave the stock a “buy” rating in a research report on Monday, October 13th. Zacks Research upgraded shares of EMCOR Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 12th. Robert W. Baird set a $713.00 price target on EMCOR Group in a research note on Friday. Finally, Wall Street Zen raised EMCOR Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 2nd. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $692.83.

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.