Czech National Bank Takes $7.39 Million Position in EMCOR Group, Inc. $EME

Czech National Bank purchased a new stake in EMCOR Group, Inc. (NYSE:EME) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 11,378 shares of the construction company’s stock, valued at approximately $7,390,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. AQR Capital Management LLC raised its holdings in shares of EMCOR Group by 43.6% in the first quarter. AQR Capital Management LLC now owns 703,456 shares of the construction company’s stock valued at $253,065,000 after buying an additional 213,631 shares during the last quarter. Norges Bank acquired a new position in EMCOR Group in the 2nd quarter valued at about $344,548,000. Northern Trust Corp increased its position in EMCOR Group by 3.7% in the 1st quarter. Northern Trust Corp now owns 571,487 shares of the construction company’s stock valued at $211,239,000 after acquiring an additional 20,604 shares during the period. Burgundy Asset Management Ltd. raised its stake 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 valued at $283,736,000 after acquiring an additional 14,935 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in EMCOR Group by 13.3% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 518,354 shares of the construction company’s stock worth $275,184,000 after acquiring an additional 60,693 shares during the period. 92.59% of the stock is owned by hedge funds and other institutional investors.

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 that occurred on Monday, November 3rd. The stock was sold at an average price of $677.22, for a total value of $897,316.50. Following the sale, the director owned 6,140 shares in the company, valued at $4,158,130.80. This represents a 17.75% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.83% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

EME has been the topic of a number of recent research reports. Zacks Research lowered EMCOR Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 19th. The Goldman Sachs Group upgraded shares of EMCOR Group from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $495.00 to $676.00 in a research report on Tuesday, October 7th. Robert W. Baird set a $713.00 price objective on shares of EMCOR Group in a research note on Friday, October 31st. Wall Street Zen cut shares of EMCOR Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 8th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of EMCOR Group in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $692.83.

EMCOR Group Stock Performance

Shares of NYSE EME opened at $612.03 on Friday. EMCOR Group, Inc. has a one year low of $320.89 and a one year high of $778.64. The firm has a market capitalization of $27.40 billion, a P/E ratio of 24.61 and a beta of 1.17. The company’s fifty day moving average is $647.01 and its two-hundred day moving average is $607.71.

EMCOR Group (NYSE:EME) last announced its quarterly earnings data on Thursday, October 30th. The construction company reported $6.57 EPS for the quarter, meeting the consensus estimate of $6.57. The firm had revenue of $4.30 billion during the quarter, compared to analysts’ expectations of $4.27 billion. EMCOR Group had a net margin of 6.96% and a return on equity of 37.04%. The business’s revenue for the quarter was up 16.4% compared to the same quarter last year. During the same quarter last year, the business earned $5.80 earnings per share. EMCOR Group has set its FY 2025 guidance at 25.000-25.75 EPS. On average, sell-side analysts forecast 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 authorized 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 reacquire up to 1.9% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

EMCOR Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 30th. Stockholders of record on Wednesday, October 15th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, October 15th. This represents a $1.00 annualized dividend and a dividend yield of 0.2%. EMCOR Group’s payout ratio is 4.02%.

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.