Cwm LLC Has $9.31 Million Holdings in EMCOR Group, Inc. $EME

Cwm LLC lifted its position in shares of EMCOR Group, Inc. (NYSE:EME) by 72.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,325 shares of the construction company’s stock after purchasing an additional 6,026 shares during the quarter. Cwm LLC’s holdings in EMCOR Group were worth $9,305,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. AQR Capital Management LLC raised its holdings in EMCOR Group by 43.6% during the first quarter. AQR Capital Management LLC now owns 703,456 shares of the construction company’s stock worth $253,065,000 after buying an additional 213,631 shares during the last quarter. Norges Bank bought a new stake in shares of EMCOR Group during the second quarter worth about $344,548,000. Burgundy Asset Management Ltd. raised its holdings in shares of EMCOR Group by 2.9% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 530,457 shares of the construction company’s stock worth $283,736,000 after acquiring an additional 14,935 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in EMCOR Group by 13.3% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 518,354 shares of the construction company’s stock valued at $275,184,000 after acquiring an additional 60,693 shares in the last quarter. Finally, Nordea Investment Management AB boosted its stake in EMCOR Group by 63.8% during the 2nd quarter. Nordea Investment Management AB now owns 395,110 shares of the construction company’s stock valued at $210,278,000 after purchasing an additional 153,948 shares during the last quarter. Institutional investors and hedge funds own 92.59% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on EME. Wall Street Zen downgraded EMCOR Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 8th. Zacks Research cut EMCOR Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 19th. Robert W. Baird set a $713.00 price objective on shares of EMCOR Group in a report on Friday, October 31st. The Goldman Sachs Group upgraded shares of EMCOR Group from a “sell” rating to a “neutral” rating and increased their target price for the company from $495.00 to $676.00 in a report on Tuesday, October 7th. Finally, Stifel Nicolaus boosted their price target on shares of EMCOR Group from $692.00 to $718.00 and gave the stock a “buy” rating in a report on Monday, October 13th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $692.83.

Insiders Place Their Bets

In other EMCOR Group news, Director Robin A. Walker-Lee sold 1,325 shares of the firm’s stock in a transaction 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 completion of the sale, the director directly 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 transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 1.26% of the company’s stock.

EMCOR Group Price Performance

NYSE EME opened at $623.99 on Tuesday. The business’s fifty day moving average is $639.55 and its 200-day moving average is $615.70. The stock has a market capitalization of $27.94 billion, a price-to-earnings ratio of 25.09 and a beta of 1.17. 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 data on Thursday, October 30th. The construction company reported $6.57 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $6.57. The business had revenue of $4.30 billion during the quarter, compared to the consensus estimate of $4.27 billion. EMCOR Group had a net margin of 6.96% and a return on equity of 37.04%. The firm’s quarterly revenue was up 16.4% compared to the same quarter last year. During the same quarter last year, the company posted $5.80 earnings per share. EMCOR Group has set its FY 2025 guidance at 25.000-25.75 EPS. Research analysts expect that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Announces Dividend

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

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

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.