Martingale Asset Management L P Sells 8,414 Shares of EMCOR Group, Inc. $EME

Martingale Asset Management L P lessened its holdings in EMCOR Group, Inc. (NYSE:EME) by 23.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 27,866 shares of the construction company’s stock after selling 8,414 shares during the quarter. Martingale Asset Management L P owned about 0.06% of EMCOR Group worth $18,100,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of EMCOR Group by 17.6% during the 3rd 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 in the last quarter. Victory Capital Management Inc. grew its stake in EMCOR Group by 48.8% during the 3rd quarter. Victory Capital Management Inc. now owns 949,360 shares of the construction company’s stock valued at $572,351,000 after purchasing an additional 311,474 shares during the last quarter. Norges Bank purchased a new position in EMCOR Group in the second quarter valued at approximately $344,548,000. Burgundy Asset Management Ltd. lifted its holdings in EMCOR Group by 2.9% in the 2nd 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. Finally, Nordea Investment Management AB raised its stake in shares of EMCOR Group by 3.1% in the 3rd quarter. Nordea Investment Management AB now owns 407,292 shares of the construction company’s stock valued at $262,206,000 after acquiring an additional 12,182 shares in the last quarter. 92.59% of the stock is owned by institutional investors and hedge funds.

EMCOR Group Stock Down 1.5%

Shares of EME opened at $709.50 on Friday. The business has a 50-day simple moving average of $726.80 and a two-hundred day simple moving average of $671.08. EMCOR Group, Inc. has a 12-month low of $320.89 and a 12-month high of $835.00. The stock has a market cap of $31.59 billion, a PE ratio of 25.13 and a beta of 1.16.

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

EMCOR Group announced that its board has approved a stock buyback plan on Thursday, December 18th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the construction company to purchase up to 1.9% of its shares through open market purchases. Shares repurchase plans are often 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. The ex-dividend date was Wednesday, January 14th. This is an increase from EMCOR Group’s previous quarterly dividend of $0.25. This represents a $1.60 annualized dividend and a dividend yield of 0.2%. EMCOR Group’s payout ratio is 5.67%.

Insider Transactions at EMCOR Group

In related news, CEO Anthony Guzzi sold 36,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $729.48, for a total transaction of $26,261,280.00. Following the completion of the sale, the chief executive officer directly owned 170,299 shares in the company, valued at approximately $124,229,714.52. This trade represents a 17.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.83% of the company’s stock.

Analyst Upgrades and Downgrades

EME has been the subject of a number of research reports. Robert W. Baird upped their price objective on shares of EMCOR Group from $713.00 to $808.00 and gave the company an “outperform” rating in a research note on Friday, February 27th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of EMCOR Group in a research report on Wednesday, January 21st. Cantor Fitzgerald started coverage on shares of EMCOR Group in a research note on Tuesday. They set an “overweight” rating and a $848.00 price target on the stock. Zacks Research cut shares of EMCOR Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 19th. Finally, UBS Group increased their price target on EMCOR Group from $900.00 to $945.00 and gave the company a “buy” rating in a report on Friday, March 6th. Nine investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $784.43.

EMCOR Group Company 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.