Burney Co. Sells 2,739 Shares of EMCOR Group, Inc. $EME

Burney Co. decreased its position in shares of EMCOR Group, Inc. (NYSE:EME) by 32.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,700 shares of the construction company’s stock after selling 2,739 shares during the period. Burney Co.’s holdings in EMCOR Group were worth $3,702,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Norges Bank bought a new position in EMCOR Group during the second quarter worth about $344,548,000. New Vernon Capital Holdings II LLC bought a new position in shares of EMCOR Group during the first quarter worth approximately $114,220,000. Jones Financial Companies Lllp increased its holdings in shares of EMCOR Group by 56,287.8% during the first quarter. Jones Financial Companies Lllp now owns 286,450 shares of the construction company’s stock worth $105,881,000 after purchasing an additional 285,942 shares during the period. AQR Capital Management LLC raised its position 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 in the last quarter. Finally, Nordea Investment Management AB boosted its stake in shares of EMCOR Group by 63.8% in the second quarter. Nordea Investment Management AB now owns 395,110 shares of the construction company’s stock valued at $210,278,000 after buying an additional 153,948 shares during the period. Institutional investors and hedge funds own 92.59% of the company’s stock.

EMCOR Group Price Performance

EME stock opened at $627.07 on Friday. The stock has a market cap of $28.07 billion, a price-to-earnings ratio of 25.21 and a beta of 1.17. The company has a 50 day simple moving average of $641.09 and a 200 day simple moving average of $613.65. EMCOR Group, Inc. has a 1 year low of $320.89 and a 1 year high of $778.64.

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

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

EMCOR Group Announces Dividend

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

Insider Transactions at EMCOR Group

In other EMCOR Group news, Director Robin A. Walker-Lee sold 1,325 shares of the stock in a transaction dated Monday, November 3rd. The stock was 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 in the company, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.83% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Stifel Nicolaus increased their price target on EMCOR Group from $692.00 to $718.00 and gave the stock a “buy” rating in a research report on Monday, October 13th. William Blair started coverage on EMCOR Group in a report on Thursday, September 11th. They set an “outperform” rating on the stock. Wall Street Zen downgraded EMCOR Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 8th. Robert W. Baird set a $713.00 price objective on shares of EMCOR Group in a research report 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 investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, EMCOR Group currently has an average rating of “Moderate Buy” and a consensus target price of $692.83.

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.