Rafferty Asset Management LLC Buys 3,240 Shares of EMCOR Group, Inc. $EME

Rafferty Asset Management LLC boosted its position in shares of EMCOR Group, Inc. (NYSE:EME) by 414.3% during the 3rd quarter, HoldingsChannel reports. The fund owned 4,022 shares of the construction company’s stock after buying an additional 3,240 shares during the quarter. Rafferty Asset Management LLC’s holdings in EMCOR Group were worth $2,612,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of EMCOR Group by 17.6% during the third quarter. Vanguard Group Inc. now owns 5,332,636 shares of the construction company’s stock valued at $3,463,760,000 after purchasing an additional 798,975 shares during the period. Norges Bank bought a new position in EMCOR Group in the second quarter worth $344,548,000. Burgundy Asset Management Ltd. boosted its stake in EMCOR Group by 2.9% during the second quarter. Burgundy Asset Management Ltd. now owns 530,457 shares of the construction company’s stock worth $283,736,000 after buying an additional 14,935 shares in the last quarter. Nordea Investment Management AB boosted its stake in EMCOR Group by 3.1% during the third 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. increased its holdings in EMCOR Group by 1.4% in the 3rd quarter. American Century Companies Inc. now owns 354,437 shares of the construction company’s stock valued at $230,221,000 after buying an additional 4,920 shares during the period. Institutional investors and hedge funds own 92.59% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on EME shares. Wall Street Zen downgraded shares of EMCOR Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 8th. Weiss Ratings restated a “buy (b)” rating on shares of EMCOR Group in a research note on Wednesday, January 21st. DA Davidson lifted their price objective on EMCOR Group from $800.00 to $900.00 and gave the company a “buy” rating in a report on Friday, February 27th. Zacks Research cut EMCOR Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 19th. Finally, Stifel Nicolaus boosted their price target on EMCOR Group from $754.00 to $814.00 and gave the company a “buy” rating in a research note on Monday. Eight analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, EMCOR Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $741.33.

EMCOR Group Stock Up 0.6%

Shares of NYSE EME opened at $740.77 on Thursday. EMCOR Group, Inc. has a 12-month low of $320.89 and a 12-month high of $835.00. The firm’s 50-day simple moving average is $715.23 and its 200 day simple moving average is $667.03. The company has a market cap of $32.99 billion, a price-to-earnings ratio of 26.24 and a beta of 1.16.

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

EMCOR Group Increases Dividend

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

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

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.