EMCOR Group, Inc. $EME Shares Bought by Cornerstone Investment Partners LLC

Cornerstone Investment Partners LLC grew its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 6.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,920 shares of the construction company’s stock after acquiring an additional 116 shares during the period. Cornerstone Investment Partners LLC’s holdings in EMCOR Group were worth $1,027,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. World Investment Advisors raised its holdings in EMCOR Group by 53.5% during the first quarter. World Investment Advisors now owns 1,093 shares of the construction company’s stock worth $404,000 after purchasing an additional 381 shares during the last quarter. Penserra Capital Management LLC grew its holdings in EMCOR Group by 384.0% in the first quarter. Penserra Capital Management LLC now owns 1,026 shares of the construction company’s stock valued at $378,000 after purchasing an additional 814 shares during the last quarter. TD Private Client Wealth LLC increased its position in shares of EMCOR Group by 5.1% in the first quarter. TD Private Client Wealth LLC now owns 1,141 shares of the construction company’s stock valued at $422,000 after buying an additional 55 shares in the last quarter. Personal CFO Solutions LLC raised its stake in shares of EMCOR Group by 19.8% during the 1st quarter. Personal CFO Solutions LLC now owns 545 shares of the construction company’s stock worth $202,000 after buying an additional 90 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC boosted its position in shares of EMCOR Group by 5.1% in the 1st quarter. Linden Thomas Advisory Services LLC now owns 4,618 shares of the construction company’s stock worth $1,707,000 after buying an additional 226 shares in the last quarter. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Analysts Set New Price Targets

EME has been the subject of several recent research reports. Stifel Nicolaus raised their target price on shares of EMCOR Group from $692.00 to $718.00 and gave the company a “buy” rating in a report on Monday, October 13th. Northcoast Research lowered shares of EMCOR Group from a “buy” rating to a “neutral” rating and set a $500.00 price target on the stock. in a research report on Thursday, August 7th. Wall Street Zen raised shares of EMCOR Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 2nd. Robert W. Baird set a $713.00 price objective on EMCOR Group in a research report on Friday, October 31st. Finally, William Blair initiated coverage on EMCOR Group in a research note on Thursday, September 11th. They issued an “outperform” rating on the stock. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, EMCOR Group has an average rating of “Moderate Buy” and an average target price of $692.83.

Insider Transactions at EMCOR Group

In related news, Director Robin A. Walker-Lee sold 1,325 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $677.22, for a total value of $897,316.50. Following the completion of the sale, the director directly owned 6,140 shares in the company, valued at approximately $4,158,130.80. The trade was a 17.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.26% of the company’s stock.

EMCOR Group Trading Down 3.2%

Shares of EMCOR Group stock opened at $653.52 on Friday. EMCOR Group, Inc. has a fifty-two week low of $320.89 and a fifty-two week high of $778.64. The business’s fifty day moving average is $661.10 and its two-hundred day moving average is $569.47. The company has a quick ratio of 1.15, a current ratio of 1.18 and a debt-to-equity ratio of 0.08. The firm has a market cap of $29.26 billion, a PE ratio of 27.12 and a beta of 1.25.

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

EMCOR Group Dividend Announcement

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

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.