Olympiad Research LP Cuts Stake in EMCOR Group, Inc. $EME

Olympiad Research LP reduced its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 37.7% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 760 shares of the construction company’s stock after selling 459 shares during the period. EMCOR Group makes up 0.7% of Olympiad Research LP’s holdings, making the stock its 24th biggest holding. Olympiad Research LP’s holdings in EMCOR Group were worth $407,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of EMCOR Group during the first quarter valued at approximately $28,000. Hazlett Burt & Watson Inc. purchased a new position in shares of EMCOR Group in the first quarter valued at $30,000. Groupe la Francaise grew its holdings in EMCOR Group by 79.2% during the 1st quarter. Groupe la Francaise now owns 86 shares of the construction company’s stock valued at $33,000 after purchasing an additional 38 shares in the last quarter. Pandora Wealth Inc. purchased a new stake in EMCOR Group during the 1st quarter worth $37,000. Finally, Tobam lifted its holdings in EMCOR Group by 1,900.0% in the 2nd quarter. Tobam now owns 80 shares of the construction company’s stock worth $43,000 after buying an additional 76 shares in the last quarter. Hedge funds and other institutional investors own 92.59% of the company’s stock.

EMCOR Group Price Performance

Shares of EME opened at $618.78 on Friday. 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 firm 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 52 week low of $320.89 and a 52 week high of $778.64. The stock has a 50 day moving average of $662.73 and a 200-day moving average of $578.34.

EMCOR Group (NYSE:EME) last announced its quarterly earnings data on Thursday, October 30th. The construction company reported $6.57 earnings per share (EPS) for the quarter, hitting 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 for the quarter, compared to analysts’ expectations of $4.27 billion. During the same period last year, the business posted $5.80 earnings per share. The firm’s revenue for the quarter was up 16.4% on a year-over-year basis. EMCOR Group has set its FY 2025 guidance at 25.000-25.75 EPS. As a group, analysts forecast that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 30th. Stockholders of record on Wednesday, October 15th were issued 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 payout ratio is 4.02%.

Insider Buying and Selling at EMCOR Group

In related news, Director Robin A. Walker-Lee sold 1,325 shares of the business’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $677.22, for a total transaction of $897,316.50. Following the completion of the sale, the director owned 6,140 shares of the company’s stock, valued at $4,158,130.80. This represents a 17.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.83% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on EME. The Goldman Sachs Group raised EMCOR Group from a “sell” rating to a “neutral” rating and increased their price target for the company from $495.00 to $676.00 in a report on Tuesday, October 7th. Northcoast Research cut EMCOR Group from a “buy” rating to a “neutral” rating and set a $500.00 target price for the company. in a research note on Thursday, August 7th. William Blair assumed coverage on shares of EMCOR Group in a research report on Thursday, September 11th. They set an “outperform” rating for the company. Robert W. Baird set a $713.00 price target on shares of EMCOR Group in a report on Friday, October 31st. Finally, UBS Group set a $750.00 price objective on shares of EMCOR Group and gave the company a “buy” rating in a research note on Tuesday, August 5th. Two 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 company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $692.83.

EMCOR Group 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.