Swiss National Bank Has $83.79 Million Stock Position in EMCOR Group, Inc. $EME

Swiss National Bank lessened its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 6.3% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 129,000 shares of the construction company’s stock after selling 8,700 shares during the period. Swiss National Bank owned 0.29% of EMCOR Group worth $83,791,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of EME. Vanguard Group Inc. increased its holdings in EMCOR Group by 17.6% in the 3rd quarter. Vanguard Group Inc. now owns 5,332,636 shares of the construction company’s stock worth $3,463,760,000 after acquiring an additional 798,975 shares in the last quarter. Norges Bank bought a new stake in EMCOR Group during the 2nd quarter valued at approximately $344,548,000. Victory Capital Management Inc. lifted its holdings in shares of EMCOR Group by 48.8% in the third quarter. Victory Capital Management Inc. now owns 949,360 shares of the construction company’s stock worth $572,351,000 after buying an additional 311,474 shares in the last quarter. Federated Hermes Inc. lifted its stake in EMCOR Group by 56.4% in the 2nd quarter. Federated Hermes Inc. now owns 322,437 shares of the construction company’s stock worth $172,468,000 after purchasing an additional 116,289 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in EMCOR Group by 40.2% during 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 last quarter. Institutional investors own 92.59% of the company’s stock.

Insider Buying and Selling

In other news, CEO Anthony Guzzi sold 36,000 shares of the company’s stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $729.48, for a total transaction of $26,261,280.00. Following the completion of the transaction, the chief executive officer directly owned 170,299 shares of the company’s stock, valued at approximately $124,229,714.52. This represents a 17.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.26% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages have recently issued reports on EME. Stifel Nicolaus upped their target price on shares of EMCOR Group from $754.00 to $814.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. DA Davidson boosted their target price on shares of EMCOR Group from $800.00 to $900.00 and gave the company a “buy” rating in a research note on Friday, February 27th. Weiss Ratings reissued a “buy (b)” rating on shares of EMCOR Group in a research note on Wednesday, January 21st. Cantor Fitzgerald initiated coverage on shares of EMCOR Group in a report on Tuesday. They issued an “overweight” rating and a $848.00 price target for the company. Finally, UBS Group lifted their target price on EMCOR Group from $900.00 to $945.00 and gave the company a “buy” rating in a research note on Friday. Nine investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $784.43.

EMCOR Group Trading Up 0.6%

Shares of EME stock opened at $723.64 on Wednesday. The company has a market capitalization of $32.22 billion, a P/E ratio of 25.63 and a beta of 1.16. The business’s 50 day moving average is $722.68 and its two-hundred day moving average is $670.47. EMCOR Group, Inc. has a 12-month low of $320.89 and a 12-month high of $835.00.

EMCOR Group (NYSE:EME) last released its earnings results on Thursday, February 26th. The construction company reported $7.19 earnings per share for the quarter, beating the consensus estimate of $6.68 by $0.51. The business had revenue of $4.51 billion for the quarter, compared to the consensus estimate of $4.28 billion. EMCOR Group had a return on equity of 35.89% and a net margin of 7.49%.The business’s quarterly revenue was up 19.7% compared to the same quarter last year. During the same quarter last year, the business posted $6.32 earnings per share. EMCOR Group has set its FY 2026 guidance at 27.250-29.250 EPS. On average, research analysts predict that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

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

EMCOR Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Wednesday, January 14th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Wednesday, January 14th. This is a boost from EMCOR Group’s previous quarterly dividend of $0.25. EMCOR Group’s dividend payout ratio (DPR) is 5.67%.

EMCOR Group Profile

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.