Lecap Asset Management Ltd. Makes New $970,000 Investment in EMCOR Group, Inc. $EME

Lecap Asset Management Ltd. bought a new stake in EMCOR Group, Inc. (NYSE:EME) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,493 shares of the construction company’s stock, valued at approximately $970,000.

Several other large investors have also modified their holdings of EME. Signaturefd LLC grew its position in EMCOR Group by 3.0% in the 3rd quarter. Signaturefd LLC now owns 557 shares of the construction company’s stock valued at $362,000 after buying an additional 16 shares during the last quarter. Woodward Diversified Capital LLC boosted its holdings in shares of EMCOR Group by 2.4% in the third quarter. Woodward Diversified Capital LLC now owns 760 shares of the construction company’s stock valued at $494,000 after acquiring an additional 18 shares in the last quarter. McLean Asset Management Corp boosted its holdings in shares of EMCOR Group by 2.8% in the second quarter. McLean Asset Management Corp now owns 700 shares of the construction company’s stock valued at $379,000 after acquiring an additional 19 shares in the last quarter. Park Place Capital Corp increased its stake in shares of EMCOR Group by 6.9% during the second quarter. Park Place Capital Corp now owns 308 shares of the construction company’s stock worth $164,000 after acquiring an additional 20 shares during the period. Finally, Altus Wealth Group LLC raised its holdings in EMCOR Group by 1.4% during the third quarter. Altus Wealth Group LLC now owns 1,495 shares of the construction company’s stock worth $971,000 after purchasing an additional 20 shares in the last quarter. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Insider Transactions at EMCOR Group

In other EMCOR Group news, Director Robin A. Walker-Lee sold 1,325 shares of EMCOR Group 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 transaction, the director owned 6,140 shares in the company, valued at approximately $4,158,130.80. The trade was a 17.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.83% of the company’s stock.

EMCOR Group Stock Performance

Shares of EME stock opened at $628.52 on Friday. The stock has a fifty day moving average price of $626.34 and a 200 day moving average price of $622.20. The stock has a market cap of $28.14 billion, a PE ratio of 25.27 and a beta of 1.17. 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, meeting the consensus estimate of $6.57. EMCOR Group had a return on equity of 37.04% and a net margin of 6.96%.The company had revenue of $4.30 billion for the quarter, compared to analyst estimates of $4.27 billion. During the same quarter in the prior year, the company earned $5.80 earnings per share. EMCOR Group’s revenue was up 16.4% compared to the same quarter last year. EMCOR Group has set its FY 2025 guidance at 25.000-25.75 EPS. As a group, equities research analysts predict that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group declared that its Board of Directors has initiated a stock buyback program on Thursday, December 18th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the construction company to purchase up to 1.9% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

EMCOR Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Wednesday, January 14th will be issued a dividend of $0.40 per share. This is an increase from EMCOR Group’s previous quarterly dividend of $0.25. The ex-dividend date is Wednesday, January 14th. This represents a $1.60 annualized dividend and a yield of 0.3%. EMCOR Group’s payout ratio is 4.02%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of EMCOR Group in a report on Wednesday, October 8th. DA Davidson lifted their price target on EMCOR Group from $725.00 to $800.00 and gave the company a “buy” rating in a research note on Friday, October 31st. The Goldman Sachs Group raised EMCOR Group from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $495.00 to $676.00 in a report on Tuesday, October 7th. Zacks Research downgraded EMCOR Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 19th. Finally, Stifel Nicolaus upped their price target on shares of EMCOR Group from $692.00 to $718.00 and gave the stock a “buy” rating in a research note on Monday, October 13th. One 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. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $692.83.

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.