Teacher Retirement System of Texas Has $44.76 Million Stock Holdings in EMCOR Group, Inc. $EME

Teacher Retirement System of Texas trimmed its position in shares of EMCOR Group, Inc. (NYSE:EME) by 15.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 68,912 shares of the construction company’s stock after selling 12,361 shares during the quarter. Teacher Retirement System of Texas’ holdings in EMCOR Group were worth $44,761,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Quent Capital LLC acquired a new position in EMCOR Group in the third quarter valued at about $29,000. Tobam raised its position in shares of EMCOR Group by 1,900.0% during the second quarter. Tobam now owns 80 shares of the construction company’s stock worth $43,000 after purchasing an additional 76 shares during the period. Twin Peaks Wealth Advisors LLC bought a new position in shares of EMCOR Group during the 2nd quarter valued at about $43,000. Hazlett Burt & Watson Inc. lifted its holdings in shares of EMCOR Group by 37.5% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 110 shares of the construction company’s stock valued at $59,000 after purchasing an additional 30 shares in the last quarter. Finally, True Wealth Design LLC grew its position in shares of EMCOR Group by 333.3% in the 3rd quarter. True Wealth Design LLC now owns 91 shares of the construction company’s stock valued at $59,000 after purchasing an additional 70 shares during the period. Institutional investors own 92.59% of the company’s stock.

Analyst Ratings Changes

EME has been the topic of a number of research reports. Robert W. Baird set a $713.00 price target on shares of EMCOR Group in a research note on Friday, October 31st. The Goldman Sachs Group upgraded shares of EMCOR Group from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $495.00 to $676.00 in a report on Tuesday, October 7th. DA Davidson boosted their price objective on shares of EMCOR Group from $725.00 to $800.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Stifel Nicolaus increased their target price on EMCOR Group from $692.00 to $718.00 and gave the stock a “buy” rating in a report on Monday, October 13th. Finally, Wall Street Zen downgraded EMCOR Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 8th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $692.83.

Insider Activity at EMCOR Group

In related news, Director Robin A. Walker-Lee sold 1,325 shares of the firm’s stock in a transaction 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 completion of the transaction, the director directly owned 6,140 shares of the company’s stock, valued at approximately $4,158,130.80. This trade represents a 17.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.83% of the company’s stock.

EMCOR Group Price Performance

EMCOR Group stock opened at $702.89 on Friday. The company has a market cap of $31.47 billion, a price-to-earnings ratio of 28.26 and a beta of 1.17. The firm has a 50-day moving average of $631.87 and a 200-day moving average of $633.14. EMCOR Group, Inc. has a one year low of $320.89 and a one year high of $778.64.

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

EMCOR Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Wednesday, January 14th will be paid a dividend of $0.40 per share. The ex-dividend date is 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 (DPR) is currently 6.43%.

EMCOR Group declared that its Board of Directors has approved a share repurchase plan on Thursday, December 18th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the construction company to buy up to 1.9% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

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.