LGT Group Foundation Grows Stock Holdings in EMCOR Group, Inc. $EME

LGT Group Foundation grew its stake in EMCOR Group, Inc. (NYSE:EME) by 22.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,340 shares of the construction company’s stock after acquiring an additional 2,645 shares during the period. LGT Group Foundation’s holdings in EMCOR Group were worth $9,392,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of EMCOR Group by 17.6% during the third quarter. Vanguard Group Inc. now owns 5,332,636 shares of the construction company’s stock valued at $3,463,760,000 after acquiring an additional 798,975 shares in the last quarter. Victory Capital Management Inc. grew its stake in EMCOR Group by 48.8% in the third quarter. Victory Capital Management Inc. now owns 949,360 shares of the construction company’s stock worth $572,351,000 after purchasing an additional 311,474 shares in the last quarter. Norges Bank bought a new position in EMCOR Group in the second quarter worth approximately $344,548,000. Burgundy Asset Management Ltd. increased its holdings in EMCOR Group by 2.9% during the 2nd quarter. Burgundy Asset Management Ltd. now owns 530,457 shares of the construction company’s stock worth $283,736,000 after purchasing an additional 14,935 shares during the period. Finally, Nordea Investment Management AB increased its holdings in EMCOR Group by 3.1% during the 3rd quarter. Nordea Investment Management AB now owns 407,292 shares of the construction company’s stock worth $262,206,000 after purchasing an additional 12,182 shares during the period. 92.59% of the stock is owned by hedge funds and other institutional investors.

EMCOR Group Stock Performance

Shares of EMCOR Group stock opened at $705.74 on Monday. The company has a market capitalization of $31.43 billion, a PE ratio of 25.00 and a beta of 1.16. The company has a 50-day simple moving average of $718.67 and a two-hundred day simple moving average of $668.91. EMCOR Group, Inc. has a one year low of $320.89 and a one year high of $835.00.

EMCOR Group (NYSE:EME) last released its quarterly earnings results on Thursday, February 26th. The construction company reported $7.19 earnings per share for the quarter, beating analysts’ consensus estimates of $6.68 by $0.51. EMCOR Group had a net margin of 7.49% and a return on equity of 35.89%. The business had revenue of $4.51 billion for the quarter, compared to analysts’ expectations of $4.28 billion. During the same period last year, the business earned $6.32 EPS. The company’s revenue 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 analysts predict that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group declared that its Board of Directors has initiated a share repurchase program on Thursday, December 18th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the construction company to repurchase up to 1.9% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its stock is undervalued.

EMCOR Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 30th. Shareholders of record on Wednesday, January 14th were paid a $0.40 dividend. This represents a $1.60 annualized dividend 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 was Wednesday, January 14th. EMCOR Group’s payout ratio is 5.67%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on EME. Stifel Nicolaus upped their target price on EMCOR Group from $754.00 to $814.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. UBS Group raised their price target on EMCOR Group from $900.00 to $945.00 and gave the company a “buy” rating in a research note on Friday. Weiss Ratings restated a “buy (b)” rating on shares of EMCOR Group in a report on Wednesday, January 21st. DA Davidson upped their price objective 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. Finally, Zacks Research cut shares of EMCOR Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 19th. Eight analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $773.83.

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.