Vanguard Personalized Indexing Management LLC Decreases Stake in EMCOR Group, Inc. $EME

Vanguard Personalized Indexing Management LLC cut its position in shares of EMCOR Group, Inc. (NYSE:EME) by 9.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,704 shares of the construction company’s stock after selling 804 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in EMCOR Group were worth $5,007,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of EME. Quent Capital LLC bought a new position in shares of EMCOR Group during the 3rd quarter valued at approximately $29,000. Orion Capital Management LLC purchased a new stake in EMCOR Group during the third quarter valued at $31,000. Tobam lifted its position in EMCOR Group by 1,900.0% during the second quarter. Tobam now owns 80 shares of the construction company’s stock valued at $43,000 after purchasing an additional 76 shares during the last quarter. Twin Peaks Wealth Advisors LLC purchased a new position in shares of EMCOR Group in the 2nd quarter worth $43,000. Finally, Hazlett Burt & Watson Inc. increased its holdings in shares of EMCOR Group by 37.5% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 110 shares of the construction company’s stock worth $59,000 after buying an additional 30 shares during the last quarter. 92.59% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other EMCOR Group news, Director Robin A. Walker-Lee sold 1,325 shares of the firm’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 $4,158,130.80. This trade represents a 17.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.26% of the stock is currently owned by insiders.

EMCOR Group Stock Performance

EMCOR Group stock traded up $3.14 during midday trading on Wednesday, hitting $719.42. 12,178 shares of the company’s stock were exchanged, compared to its average volume of 332,064. The firm has a 50-day moving average of $637.32 and a two-hundred day moving average of $637.67. EMCOR Group, Inc. has a 12 month low of $320.89 and a 12 month high of $778.64. The company has a market cap of $32.21 billion, a PE ratio of 28.89 and a beta of 1.17.

EMCOR Group (NYSE:EME) last issued its quarterly earnings data on Thursday, October 30th. The construction company reported $6.57 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 6.96% and a return on equity of 37.04%. EMCOR Group’s revenue was up 16.4% compared to the same quarter last year. During the same period last year, the company posted $5.80 earnings per share. EMCOR Group has set its FY 2025 guidance at 25.000-25.75 EPS. As a group, equities analysts expect that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group announced that its Board of Directors has authorized a share buyback program on Thursday, December 18th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the construction company to reacquire up to 1.9% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.

EMCOR Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Wednesday, January 14th will be issued a $0.40 dividend. The ex-dividend date is Wednesday, January 14th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.2%. This is an increase from EMCOR Group’s previous quarterly dividend of $0.25. EMCOR Group’s dividend payout ratio (DPR) is 6.43%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Stifel Nicolaus increased their price target on shares of EMCOR Group from $713.00 to $754.00 and gave the company a “buy” rating in a report on Monday. The Goldman Sachs Group upgraded EMCOR Group from a “sell” rating to a “neutral” rating and upped their price objective for the company from $495.00 to $676.00 in a research report on Tuesday, October 7th. Wall Street Zen lowered EMCOR Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 8th. Robert W. Baird set a $713.00 target price on EMCOR Group in a report on Friday, October 31st. Finally, DA Davidson increased their price target on EMCOR Group from $725.00 to $800.00 and gave the company a “buy” rating in a report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $698.83.

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.