Russell Investments Group Ltd. Purchases 862 Shares of EMCOR Group, Inc. $EME

Russell Investments Group Ltd. boosted its position in shares of EMCOR Group, Inc. (NYSE:EME) by 0.5% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 182,555 shares of the construction company’s stock after acquiring an additional 862 shares during the quarter. Russell Investments Group Ltd.’s holdings in EMCOR Group were worth $118,543,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of EME. Main Street Group LTD boosted its position in EMCOR Group by 110.0% in the third quarter. Main Street Group LTD now owns 42 shares of the construction company’s stock worth $27,000 after purchasing an additional 22 shares during the last quarter. Quent Capital LLC bought a new stake in shares of EMCOR Group during the 3rd quarter valued at about $29,000. Orion Capital Management LLC purchased a new stake in shares of EMCOR Group during the 3rd quarter valued at about $31,000. Tobam increased its position in shares of EMCOR Group by 1,900.0% during the 2nd quarter. Tobam now owns 80 shares of the construction company’s stock valued at $43,000 after purchasing an additional 76 shares during the last quarter. Finally, Twin Peaks Wealth Advisors LLC bought a new position in shares of EMCOR Group in the 2nd quarter worth approximately $43,000. Institutional investors own 92.59% of the company’s stock.

EMCOR Group Stock Up 1.7%

NYSE EME opened at $718.10 on Tuesday. EMCOR Group, Inc. has a twelve month low of $320.89 and a twelve month high of $835.00. The business has a 50-day moving average price of $720.55 and a 200-day moving average price of $669.67. The firm has a market cap of $31.98 billion, a price-to-earnings ratio of 25.44 and a beta of 1.16.

EMCOR Group (NYSE:EME) last issued its earnings results on Thursday, February 26th. The construction company reported $7.19 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $4.28 billion. During the same quarter last year, the company earned $6.32 EPS. The firm’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. Research analysts expect that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Wednesday, January 14th were given a dividend of $0.40 per share. 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 annualized dividend and a dividend yield of 0.2%. EMCOR Group’s dividend payout ratio (DPR) is 5.67%.

EMCOR Group announced that its Board of Directors has initiated a share 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 purchase up to 1.9% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Analysts Set New Price Targets

A number of research firms recently issued reports on EME. Stifel Nicolaus raised their price objective on shares of EMCOR Group from $754.00 to $814.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Zacks Research cut shares of EMCOR Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 19th. DA Davidson increased their price target on shares of EMCOR Group from $800.00 to $900.00 and gave the stock a “buy” rating in a research report on Friday, February 27th. UBS Group increased their price target on shares of EMCOR Group from $900.00 to $945.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of EMCOR Group in a research note on Wednesday, January 21st. Eight analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, EMCOR Group currently has an average rating of “Moderate Buy” and a consensus target price of $773.83.

Insider Activity at EMCOR Group

In other news, CEO Anthony Guzzi sold 36,000 shares of the business’s stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $729.48, for a total value of $26,261,280.00. Following the transaction, the chief executive officer 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 can be accessed through this hyperlink. Company insiders own 1.26% of the company’s stock.

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.