South Dakota Investment Council Sells 3,500 Shares of EMCOR Group, Inc. $EME

South Dakota Investment Council lowered its holdings in EMCOR Group, Inc. (NYSE:EME) by 21.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor 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 at the end of the most recent reporting period.

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

EMCOR Group Stock Performance

Shares of EME opened at $734.73 on Wednesday. The stock has a 50-day moving average of $712.93 and a two-hundred day moving average of $666.51. The stock has a market cap of $32.72 billion, a P/E ratio of 26.03 and a beta of 1.16. EMCOR Group, Inc. has a one year low of $320.89 and a one year high of $835.00.

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

EMCOR Group announced that its board has approved a stock repurchase plan on Thursday, December 18th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the construction company to repurchase up to 1.9% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

EMCOR Group Increases Dividend

The firm 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 dividend on an annualized basis and a dividend yield of 0.2%. EMCOR Group’s dividend payout ratio (DPR) is currently 5.67%.

Wall Street Analysts Forecast Growth

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

About EMCOR Group

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.