Vanguard Personalized Indexing Management LLC Reduces Position in EMCOR Group, Inc. $EME

Vanguard Personalized Indexing Management LLC lowered its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 9.4% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 7,704 shares of the construction company’s stock after selling 804 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in EMCOR Group were worth $5,007,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Norges Bank bought a new position in EMCOR Group during the second quarter valued at approximately $344,548,000. Burgundy Asset Management Ltd. lifted its holdings in EMCOR Group by 2.9% in the second quarter. Burgundy Asset Management Ltd. now owns 530,457 shares of the construction company’s stock valued at $283,736,000 after acquiring an additional 14,935 shares during the period. Allspring Global Investments Holdings LLC boosted its position in EMCOR Group by 13.3% in the second quarter. Allspring Global Investments Holdings LLC now owns 518,354 shares of the construction company’s stock worth $275,184,000 after purchasing an additional 60,693 shares during the last quarter. Nordea Investment Management AB grew its stake in shares of EMCOR Group by 3.1% during the 3rd quarter. Nordea Investment Management AB now owns 407,292 shares of the construction company’s stock valued at $262,206,000 after purchasing an additional 12,182 shares during the period. Finally, American Century Companies Inc. grew its stake in shares of EMCOR Group by 40.2% during the 2nd quarter. American Century Companies Inc. now owns 349,517 shares of the construction company’s stock valued at $186,953,000 after purchasing an additional 100,144 shares during the period. 92.59% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on EME. Stifel Nicolaus raised their price objective on shares of EMCOR Group from $713.00 to $754.00 and gave the stock a “buy” rating in a report on Monday. Weiss Ratings reiterated a “buy (b)” rating on shares of EMCOR Group in a research note on Wednesday, January 21st. Wall Street Zen downgraded shares of EMCOR Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 8th. DA Davidson upped their price objective on EMCOR Group from $725.00 to $800.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Finally, Robert W. Baird set a $713.00 target price on EMCOR Group in a research report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $698.83.

EMCOR Group Trading Up 0.4%

EMCOR Group stock traded up $3.14 during mid-day trading on Wednesday, hitting $719.42. The stock had a trading volume of 12,178 shares, compared to its average volume of 332,064. The firm has a market capitalization of $32.21 billion, a P/E ratio of 28.89 and a beta of 1.17. The firm’s 50 day moving average is $637.32 and its 200 day moving average is $637.67. EMCOR Group, Inc. has a one year low of $320.89 and a one year high of $778.64.

EMCOR Group (NYSE:EME) last posted its quarterly earnings results on Thursday, October 30th. The construction company reported $6.57 EPS for the quarter, meeting analysts’ consensus estimates of $6.57. The business had revenue of $4.30 billion for the quarter, compared to analysts’ expectations of $4.27 billion. EMCOR Group had a return on equity of 37.04% and a net margin of 6.96%.The business’s quarterly revenue was up 16.4% on a year-over-year basis. During the same period last year, the firm earned $5.80 earnings per share. EMCOR Group has set its FY 2025 guidance at 25.000-25.75 EPS. As a group, equities research analysts forecast 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 given a dividend of $0.40 per share. The ex-dividend date is 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 6.43%.

EMCOR Group declared that its board has approved a stock repurchase plan on Thursday, December 18th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the construction company to reacquire up to 1.9% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its shares are undervalued.

Insider Activity at EMCOR Group

In related news, Director Robin A. Walker-Lee sold 1,325 shares of the company’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $677.22, for a total transaction of $897,316.50. Following the completion of the transaction, the director owned 6,140 shares in the company, valued at approximately $4,158,130.80. This represents a 17.75% decrease in their ownership of the stock. The sale was disclosed in a legal 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.