Police & Firemen s Retirement System of New Jersey Raises Stock Holdings in EMCOR Group, Inc. $EME

Police & Firemen s Retirement System of New Jersey grew its position in shares of EMCOR Group, Inc. (NYSE:EME) by 2.0% in the second quarter, according to its most recent filing with the SEC. The fund owned 16,814 shares of the construction company’s stock after acquiring an additional 324 shares during the quarter. Police & Firemen s Retirement System of New Jersey’s holdings in EMCOR Group were worth $8,994,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of EME. Migdal Insurance & Financial Holdings Ltd. bought a new position in EMCOR Group during the first quarter valued at $28,000. Hazlett Burt & Watson Inc. purchased a new stake in shares of EMCOR Group during the 1st quarter valued at about $30,000. Groupe la Francaise lifted its holdings in shares of EMCOR Group by 79.2% in the 1st quarter. Groupe la Francaise now owns 86 shares of the construction company’s stock valued at $33,000 after acquiring an additional 38 shares during the last quarter. Pandora Wealth Inc. purchased a new position in EMCOR Group in the first quarter worth about $37,000. Finally, Tobam increased its stake in EMCOR Group by 1,900.0% during the second quarter. Tobam now owns 80 shares of the construction company’s stock worth $43,000 after acquiring an additional 76 shares during the last quarter. Institutional investors own 92.59% of the company’s stock.

EMCOR Group Stock Down 3.8%

NYSE:EME opened at $618.78 on Friday. The company has a market cap of $27.70 billion, a price-to-earnings ratio of 25.68 and a beta of 1.25. EMCOR Group, Inc. has a twelve month low of $320.89 and a twelve month high of $778.64. The company has a current ratio of 1.18, a quick ratio of 1.15 and a debt-to-equity ratio of 0.08. The stock has a fifty day simple moving average of $662.73 and a 200-day simple moving average of $578.34.

EMCOR Group (NYSE:EME) last posted its quarterly earnings results on Thursday, October 30th. The construction company reported $6.57 EPS 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 company had revenue of $4.30 billion for the quarter, compared to the consensus estimate of $4.27 billion. During the same quarter last year, the firm posted $5.80 EPS. The firm’s 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 EPS for the current year.

EMCOR Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 30th. Stockholders of record on Wednesday, October 15th were paid a dividend of $0.25 per share. 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 currently 4.02%.

Analysts Set New Price Targets

EME has been the topic of a number of recent research reports. Robert W. Baird set a $713.00 price objective on EMCOR Group in a research report on Friday, October 31st. Stifel Nicolaus increased their price target on EMCOR Group from $692.00 to $718.00 and gave the company a “buy” rating in a report on Monday, October 13th. The Goldman Sachs Group upgraded EMCOR Group from a “sell” rating to a “neutral” rating and raised their price target for the stock from $495.00 to $676.00 in a research report on Tuesday, October 7th. UBS Group set a $750.00 price objective on shares of EMCOR Group and gave the stock a “buy” rating in a research note on Tuesday, August 5th. Finally, Wall Street Zen downgraded shares of EMCOR Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 8th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $692.83.

Insider Activity

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 stock was sold at an average price of $677.22, for a total value of $897,316.50. Following the completion of the sale, the director 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.83% of the company’s stock.

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.