Vest Financial LLC Boosts Stake in EMCOR Group, Inc. $EME

Vest Financial LLC grew its holdings in shares of EMCOR Group, Inc. (NYSE:EME) by 9.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,609 shares of the construction company’s stock after acquiring an additional 890 shares during the period. Vest Financial LLC’s holdings in EMCOR Group were worth $6,891,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Norges Bank acquired a new stake in EMCOR Group during the 2nd quarter valued at approximately $344,548,000. Nordea Investment Management AB grew its position in shares of EMCOR Group by 63.8% during the second quarter. Nordea Investment Management AB now owns 395,110 shares of the construction company’s stock worth $210,278,000 after buying an additional 153,948 shares in the last quarter. Federated Hermes Inc. increased its stake in shares of EMCOR Group by 56.4% in the second quarter. Federated Hermes Inc. now owns 322,437 shares of the construction company’s stock worth $172,468,000 after buying an additional 116,289 shares during the last quarter. American Century Companies Inc. raised its holdings in EMCOR Group by 40.2% in the second quarter. American Century Companies Inc. now owns 349,517 shares of the construction company’s stock valued at $186,953,000 after acquiring an additional 100,144 shares in the last quarter. Finally, Symphony Financial Ltd. Co. bought a new position in EMCOR Group during the 2nd quarter valued at $47,504,000. Institutional investors and hedge funds own 92.59% of the company’s stock.

Insider Buying and Selling

In other EMCOR Group news, Director Robin A. Walker-Lee sold 1,325 shares of EMCOR Group stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $677.22, for a total transaction of $897,316.50. Following the sale, the director owned 6,140 shares of the company’s stock, valued at $4,158,130.80. The trade was a 17.75% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.83% of the stock is currently owned by corporate insiders.

EMCOR Group Stock Up 3.0%

EME stock opened at $708.30 on Thursday. The stock has a market cap of $31.71 billion, a PE ratio of 28.48 and a beta of 1.17. The firm’s 50-day simple moving average is $630.19 and its 200 day simple moving average is $632.65. EMCOR Group, Inc. has a fifty-two week low of $320.89 and a fifty-two week 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 (EPS) for the quarter, meeting analysts’ consensus estimates of $6.57. EMCOR Group had a net margin of 6.96% and a return on equity of 37.04%. The firm had revenue of $4.30 billion during the quarter, compared to analyst estimates of $4.27 billion. During the same period in the previous year, the business posted $5.80 EPS. EMCOR Group’s revenue was up 16.4% on a year-over-year basis. EMCOR Group has set its FY 2025 guidance at 25.000-25.75 EPS. Equities analysts forecast that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

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

EMCOR Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Wednesday, January 14th will be issued a $0.40 dividend. This is a positive change from EMCOR Group’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Wednesday, January 14th. This represents a $1.60 dividend on an annualized basis and a yield of 0.2%. EMCOR Group’s dividend payout ratio is currently 6.43%.

Analyst Ratings Changes

EME has been the topic of a number of recent analyst reports. The Goldman Sachs Group upgraded shares of EMCOR Group from a “sell” rating to a “neutral” rating and upped their target price for the company from $495.00 to $676.00 in a research note on Tuesday, October 7th. Stifel Nicolaus upped their price objective on EMCOR Group from $692.00 to $718.00 and gave the company a “buy” rating in a research note on Monday, October 13th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of EMCOR Group in a report on Wednesday, October 8th. Zacks Research downgraded EMCOR Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 19th. Finally, DA Davidson upped their price target on EMCOR Group from $725.00 to $800.00 and gave the company a “buy” rating in a research report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently 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.