EMCOR Group, Inc. $EME Shares Sold by South Dakota Investment Council

South Dakota Investment Council decreased its stake in EMCOR Group, Inc. (NYSE:EME) by 21.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,972 shares of the construction company’s stock after selling 3,500 shares during the quarter. South Dakota Investment Council’s holdings in EMCOR Group were worth $8,426,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Level Four Advisory Services LLC lifted its holdings in EMCOR Group by 6.9% in the third quarter. Level Four Advisory Services LLC now owns 2,815 shares of the construction company’s stock valued at $1,829,000 after acquiring an additional 181 shares during the period. Victory Capital Management Inc. grew its position in EMCOR Group by 48.8% during the third quarter. Victory Capital Management Inc. now owns 949,360 shares of the construction company’s stock valued at $572,351,000 after buying an additional 311,474 shares during the period. CI Investments Inc. raised its position in shares of EMCOR Group by 29.1% in the third quarter. CI Investments Inc. now owns 302 shares of the construction company’s stock worth $196,000 after acquiring an additional 68 shares during the period. Focus Partners Advisor Solutions LLC boosted its stake in shares of EMCOR Group by 35.8% during the 3rd quarter. Focus Partners Advisor Solutions LLC now owns 2,704 shares of the construction company’s stock worth $1,768,000 after acquiring an additional 713 shares in the last quarter. Finally, Kingsview Wealth Management LLC acquired a new stake in shares of EMCOR Group during the 3rd quarter valued at about $424,000. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

EMCOR Group Trading Down 0.1%

NYSE:EME opened at $734.73 on Wednesday. EMCOR Group, Inc. has a twelve month low of $320.89 and a twelve month high of $835.00. The company has a market cap of $32.72 billion, a P/E ratio of 26.03 and a beta of 1.16. The company’s 50-day moving average price is $712.93 and its 200-day moving average price is $666.51.

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, topping analysts’ consensus estimates of $6.68 by $0.51. The business had revenue of $4.51 billion for the quarter, compared to analyst estimates of $4.28 billion. EMCOR Group had a net margin of 7.49% and a return on equity of 35.89%. The business’s revenue was up 19.7% on a year-over-year basis. During the same period last year, the company posted $6.32 EPS. EMCOR Group has set its FY 2026 guidance at 27.250-29.250 EPS. On average, analysts expect that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group declared that its board has authorized a stock repurchase plan on Thursday, December 18th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the construction company to purchase up to 1.9% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

EMCOR Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Wednesday, January 14th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Wednesday, January 14th. This is a positive change from EMCOR Group’s previous quarterly dividend of $0.25. EMCOR Group’s dividend payout ratio is presently 5.67%.

Analyst Upgrades and Downgrades

Several brokerages have commented on EME. Robert W. Baird raised their price objective on EMCOR Group from $713.00 to $808.00 and gave the company an “outperform” rating in a report on Friday, February 27th. Stifel Nicolaus boosted their target price on shares of EMCOR Group from $754.00 to $814.00 and gave the stock a “buy” rating in a research note on Monday. Wall Street Zen lowered shares of EMCOR Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 8th. Zacks Research cut EMCOR Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 19th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of EMCOR Group in a report on Wednesday, January 21st. Eight research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $741.33.

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.