Mitsubishi UFJ Trust & Banking Corp Sells 10,064 Shares of EMCOR Group, Inc. $EME

Mitsubishi UFJ Trust & Banking Corp cut its holdings in EMCOR Group, Inc. (NYSE:EME) by 14.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 58,707 shares of the construction company’s stock after selling 10,064 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.13% of EMCOR Group worth $38,133,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Norges Bank bought a new stake in EMCOR Group during the second quarter valued at $344,548,000. Burgundy Asset Management Ltd. grew its stake in shares of EMCOR Group by 2.9% during the second quarter. Burgundy Asset Management Ltd. now owns 530,457 shares of the construction company’s stock valued at $283,736,000 after buying an additional 14,935 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in EMCOR Group by 13.3% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 518,354 shares of the construction company’s stock worth $275,184,000 after purchasing an additional 60,693 shares during the period. Nordea Investment Management AB increased its stake in shares of EMCOR Group by 3.1% in 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 during the period. Finally, American Century Companies Inc. raised its stake in shares of EMCOR Group by 40.2% during 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 during the last quarter. Institutional investors own 92.59% of the company’s stock.

EMCOR Group Price Performance

Shares of NYSE:EME opened at $694.95 on Monday. The company has a market cap of $31.11 billion, a P/E ratio of 27.94 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. The stock’s fifty day moving average price is $633.37 and its 200-day moving average price is $635.40.

EMCOR Group (NYSE:EME) last released its quarterly earnings data on Thursday, October 30th. The construction company reported $6.57 EPS for the quarter, hitting the consensus estimate of $6.57. The company had revenue of $4.30 billion during the quarter, compared to the consensus estimate of $4.27 billion. EMCOR Group had a return on equity of 37.04% and a net margin of 6.96%.EMCOR Group’s revenue for the quarter was up 16.4% on a year-over-year basis. During the same period last year, the company earned $5.80 EPS. EMCOR Group has set its FY 2025 guidance at 25.000-25.75 EPS. On average, sell-side analysts anticipate that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group declared that its board has initiated a share buyback program 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 programs are often an indication that the company’s board of directors believes its stock is undervalued.

EMCOR Group Increases Dividend

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

Insider Transactions at EMCOR Group

In related news, Director Robin A. Walker-Lee sold 1,325 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $677.22, for a total value of $897,316.50. Following the sale, the director owned 6,140 shares in the company, valued at approximately $4,158,130.80. This trade represents a 17.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.26% of the company’s stock.

Wall Street Analysts Forecast Growth

EME has been the subject of a number of research reports. The Goldman Sachs Group raised shares of EMCOR Group from a “sell” rating to a “neutral” rating and increased their price target for the stock from $495.00 to $676.00 in a research note on Tuesday, October 7th. Weiss Ratings restated a “buy (b)” rating on shares of EMCOR Group in a research note on Wednesday. Wall Street Zen lowered EMCOR Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 8th. Stifel Nicolaus upped their price target on EMCOR Group from $692.00 to $718.00 and gave the stock a “buy” rating in a research note on Monday, October 13th. Finally, Zacks Research lowered EMCOR Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 19th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, EMCOR Group currently has an average rating of “Moderate Buy” and a consensus target price of $692.83.

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.