CCM Investment Advisers LLC Has $5.38 Million Stock Position in EMCOR Group, Inc. $EME

CCM Investment Advisers LLC lowered its position in EMCOR Group, Inc. (NYSE:EME) by 44.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,282 shares of the construction company’s stock after selling 6,552 shares during the quarter. CCM Investment Advisers LLC’s holdings in EMCOR Group were worth $5,380,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Groupe la Francaise lifted its position in EMCOR Group by 79.2% in the first quarter. Groupe la Francaise now owns 86 shares of the construction company’s stock worth $33,000 after purchasing an additional 38 shares during the period. Tobam lifted its holdings in shares of EMCOR Group by 1,900.0% during the 2nd quarter. Tobam now owns 80 shares of the construction company’s stock worth $43,000 after acquiring an additional 76 shares during the period. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of EMCOR Group during the 2nd quarter valued at about $43,000. Harbor Investment Advisory LLC increased its stake in EMCOR Group by 110.0% in the second quarter. Harbor Investment Advisory LLC now owns 105 shares of the construction company’s stock valued at $56,000 after acquiring an additional 55 shares during the period. Finally, Hazlett Burt & Watson Inc. increased its stake in EMCOR Group by 37.5% in the second quarter. Hazlett Burt & Watson Inc. now owns 110 shares of the construction company’s stock valued at $59,000 after acquiring an additional 30 shares during the period. 92.59% of the stock is currently owned by institutional investors.

EMCOR Group Price Performance

EME stock opened at $612.03 on Friday. The business has a fifty day moving average price of $647.01 and a 200 day moving average price of $608.57. EMCOR Group, Inc. has a fifty-two week low of $320.89 and a fifty-two week high of $778.64. The stock has a market capitalization of $27.40 billion, a price-to-earnings ratio of 24.61 and a beta of 1.17.

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

EMCOR Group announced that its board has authorized a share repurchase program on Thursday, December 18th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the construction company to reacquire up to 1.9% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

EMCOR Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 30th. Shareholders of record on Wednesday, October 15th were paid a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, October 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.2%. EMCOR Group’s payout ratio is currently 4.02%.

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 that occurred 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 sale, the director owned 6,140 shares of the company’s stock, valued at $4,158,130.80. This trade represents a 17.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.83% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. 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. William Blair started coverage on EMCOR Group in a research report on Thursday, September 11th. They set an “outperform” rating for the company. The Goldman Sachs Group upgraded EMCOR Group from a “sell” rating to a “neutral” rating and upped their price target 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 EMCOR Group in a research note on Friday, October 31st. Finally, Zacks Research downgraded shares of EMCOR Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 19th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $692.83.

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.