Russell Investments Group Ltd. Purchases 17,705 Shares of EMCOR Group, Inc. $EME

Russell Investments Group Ltd. increased its position in shares of EMCOR Group, Inc. (NYSE:EME) by 10.8% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 181,693 shares of the construction company’s stock after buying an additional 17,705 shares during the period. Russell Investments Group Ltd. owned 0.41% of EMCOR Group worth $97,167,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Nordea Investment Management AB increased its holdings in EMCOR Group by 63.8% in the second quarter. Nordea Investment Management AB now owns 395,110 shares of the construction company’s stock worth $210,278,000 after purchasing an additional 153,948 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in shares of EMCOR Group by 4.4% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 21,345 shares of the construction company’s stock worth $11,417,000 after buying an additional 894 shares in the last quarter. Pinnbrook Capital Management LP acquired a new stake in shares of EMCOR Group during the 2nd quarter worth approximately $1,510,000. AG2R LA Mondiale Gestion D Actifs bought a new stake in shares of EMCOR Group in the 2nd quarter valued at $1,606,000. Finally, Empirical Finance LLC bought a new stake in shares of EMCOR Group in the 2nd quarter valued at $1,174,000. Institutional investors and hedge funds own 92.59% of the company’s stock.

EMCOR Group Stock Up 0.9%

Shares of NYSE EME opened at $611.22 on Thursday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.18 and a quick ratio of 1.15. The company has a 50-day moving average price of $658.63 and a 200-day moving average price of $590.67. The stock has a market capitalization of $27.36 billion, a P/E ratio of 25.36 and a beta of 1.25. EMCOR Group, Inc. has a 1 year low of $320.89 and a 1 year high of $778.64.

EMCOR Group (NYSE:EME) last posted its earnings results on Thursday, October 30th. The construction company reported $6.57 earnings per share for the quarter, hitting analysts’ consensus estimates of $6.57. The company had revenue of $4.30 billion for the quarter, compared to analyst estimates of $4.27 billion. EMCOR Group had a net margin of 7.07% and a return on equity of 38.01%. The firm’s revenue was up 16.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $5.80 EPS. EMCOR Group has set its FY 2025 guidance at 25.000-25.75 EPS. On average, equities research analysts forecast that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal 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 dividend of $0.25 per share. 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 payout ratio is presently 4.02%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on EME. Zacks Research lowered shares of EMCOR Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 19th. Northcoast Research lowered shares of EMCOR Group from a “buy” rating to a “neutral” rating and set a $500.00 price objective on the stock. in a report on Thursday, August 7th. William Blair initiated coverage on shares of EMCOR Group in a research report on Thursday, September 11th. They set an “outperform” rating on the stock. Robert W. Baird set a $713.00 target price on EMCOR Group in a research note on Friday, October 31st. Finally, UBS Group set a $750.00 price target on EMCOR Group and gave the stock a “buy” rating in a research note on Tuesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $692.83.

Insider Transactions at EMCOR Group

In related news, Director Robin A. Walker-Lee sold 1,325 shares of the stock in a transaction 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 directly owned 6,140 shares of the company’s stock, valued at approximately $4,158,130.80. This represents a 17.75% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.83% of the company’s stock.

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.