Bridgefront Capital LLC Purchases Shares of 1,955 EMCOR Group, Inc. $EME

Bridgefront Capital LLC acquired a new position in shares of EMCOR Group, Inc. (NYSE:EME) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,955 shares of the construction company’s stock, valued at approximately $1,270,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Signaturefd LLC increased its holdings in shares of EMCOR Group by 3.0% in the 3rd quarter. Signaturefd LLC now owns 557 shares of the construction company’s stock worth $362,000 after buying an additional 16 shares during the last quarter. Woodward Diversified Capital LLC grew its position in EMCOR Group by 2.4% in the third quarter. Woodward Diversified Capital LLC now owns 760 shares of the construction company’s stock worth $494,000 after acquiring an additional 18 shares in the last quarter. Cornerstone Investment Partners LLC grew its position in EMCOR Group by 0.9% in the third quarter. Cornerstone Investment Partners LLC now owns 1,938 shares of the construction company’s stock worth $1,259,000 after acquiring an additional 18 shares in the last quarter. Altus Wealth Group LLC increased its stake in EMCOR Group by 1.4% in the third quarter. Altus Wealth Group LLC now owns 1,495 shares of the construction company’s stock valued at $971,000 after acquiring an additional 20 shares during the last quarter. Finally, Prospera Financial Services Inc raised its position in EMCOR Group by 0.7% during the third quarter. Prospera Financial Services Inc now owns 2,769 shares of the construction company’s stock valued at $1,799,000 after purchasing an additional 20 shares in the last quarter. 92.59% of the stock is owned by hedge funds and other institutional investors.

EMCOR Group Trading Up 0.0%

Shares of NYSE:EME opened at $710.78 on Friday. The company has a 50-day moving average price of $728.25 and a 200-day moving average price of $672.17. The company has a market cap of $31.65 billion, a price-to-earnings ratio of 25.18 and a beta of 1.16. EMCOR Group, Inc. has a 12 month low of $320.89 and a 12 month high of $835.00.

EMCOR Group (NYSE:EME) last posted its earnings results 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. 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 analysts’ expectations of $4.28 billion. During the same period last year, the firm 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. As a group, research analysts forecast that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

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 given a $0.40 dividend. The ex-dividend date was Wednesday, January 14th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.2%. This is an increase from EMCOR Group’s previous quarterly dividend of $0.25. EMCOR Group’s dividend payout ratio is 5.67%.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Robert W. Baird lifted their price target on EMCOR Group from $713.00 to $808.00 and gave the stock an “outperform” rating in a research note 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. Cantor Fitzgerald assumed coverage on EMCOR Group in a research report on Tuesday, March 10th. They issued an “overweight” rating and a $848.00 target price for the company. Stifel Nicolaus upped their target price on EMCOR Group from $754.00 to $814.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Finally, DA Davidson lifted their price target on shares of EMCOR Group from $800.00 to $900.00 and gave the stock a “buy” rating in a research note on Friday, February 27th. Nine research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $784.43.

Insider Activity

In other news, CEO Anthony Guzzi sold 36,000 shares of the business’s stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $729.48, for a total transaction of $26,261,280.00. Following the transaction, the chief executive officer directly owned 170,299 shares of the company’s stock, valued at approximately $124,229,714.52. The trade was a 17.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.83% of the company’s stock.

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.