EMCOR Group, Inc. $EME Stock Position Boosted by Vest Financial LLC

Vest Financial LLC grew its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 9.2% during the third quarter, Holdings Channel reports. The institutional investor owned 10,609 shares of the construction company’s stock after acquiring an additional 890 shares during the period. Vest Financial LLC’s holdings in EMCOR Group were worth $6,891,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Norges Bank acquired a new position in shares of EMCOR Group during the second quarter valued at approximately $344,548,000. Burgundy Asset Management Ltd. boosted its stake in EMCOR Group by 2.9% during the 2nd quarter. Burgundy Asset Management Ltd. now owns 530,457 shares of the construction company’s stock valued at $283,736,000 after purchasing an additional 14,935 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of EMCOR Group by 13.3% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 518,354 shares of the construction company’s stock valued at $275,184,000 after purchasing an additional 60,693 shares during the period. Nordea Investment Management AB raised its stake in shares of EMCOR Group by 3.1% in the 3rd quarter. Nordea Investment Management AB now owns 407,292 shares of the construction company’s stock worth $262,206,000 after buying an additional 12,182 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of EMCOR Group by 40.2% in the second quarter. American Century Companies Inc. now owns 349,517 shares of the construction company’s stock valued at $186,953,000 after buying an additional 100,144 shares during the period. 92.59% of the stock is currently owned by institutional investors.

EMCOR Group Price Performance

EMCOR Group stock opened at $708.30 on Thursday. EMCOR Group, Inc. has a fifty-two week low of $320.89 and a fifty-two week high of $778.64. The firm’s 50 day simple moving average is $630.19 and its 200-day simple moving average is $632.65. The company has a market cap of $31.71 billion, a P/E ratio of 28.48 and a beta of 1.17.

EMCOR Group (NYSE:EME) last posted its quarterly earnings data on Thursday, October 30th. The construction company reported $6.57 EPS for the quarter, hitting analysts’ consensus estimates of $6.57. EMCOR Group had a net margin of 6.96% and a return on equity of 37.04%. The firm had revenue of $4.30 billion during the quarter, compared to analyst estimates of $4.27 billion. During the same quarter last year, the business posted $5.80 EPS. The company’s 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, analysts expect that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Wednesday, January 14th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Wednesday, January 14th. This is a positive change from EMCOR Group’s previous quarterly dividend of $0.25. This represents a $1.60 annualized dividend and a yield of 0.2%. EMCOR Group’s payout ratio is presently 6.43%.

EMCOR Group announced that its board has initiated a share repurchase program on Thursday, December 18th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the construction company to repurchase up to 1.9% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on EME shares. The Goldman Sachs Group raised EMCOR Group from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $495.00 to $676.00 in a report on Tuesday, October 7th. Zacks Research cut shares of EMCOR Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 19th. DA Davidson boosted their target price on shares of EMCOR Group from $725.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Wall Street Zen cut shares of EMCOR Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 8th. Finally, Robert W. Baird set a $713.00 price target on EMCOR Group in a report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $692.83.

Insider Transactions at EMCOR Group

In other EMCOR Group news, Director Robin A. Walker-Lee sold 1,325 shares of the firm’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $677.22, for a total transaction 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. This trade represents a 17.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.83% of the company’s stock.

About EMCOR Group

EMCOR Group, Inc is a provider of mechanical and electrical construction, industrial and energy infrastructure, and facilities services to commercial, institutional and industrial clients. The company delivers a broad range of services that include design-build and traditional construction of mechanical, electrical and plumbing systems; ongoing facilities maintenance and operations; and specialized industrial services for sectors such as manufacturing, data centers, healthcare and utilities.

EMCOR’s service offerings encompass HVAC, plumbing, electrical installation and maintenance, fire protection, building automation and controls, commissioning, testing and balancing, and energy management solutions.