Calamos Advisors LLC Invests $796,000 in EMCOR Group, Inc. $EME

Calamos Advisors LLC bought a new stake in EMCOR Group, Inc. (NYSE:EME) in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 1,225 shares of the construction company’s stock, valued at approximately $796,000.

Other institutional investors have also added to or reduced their stakes in the company. Tobam grew its stake in EMCOR Group by 1,900.0% in the second quarter. Tobam now owns 80 shares of the construction company’s stock valued at $43,000 after acquiring an additional 76 shares during the period. Twin Peaks Wealth Advisors LLC acquired a new position in shares of EMCOR Group during the second quarter worth approximately $43,000. Harbor Investment Advisory LLC lifted its holdings in shares of EMCOR Group by 110.0% in the 2nd quarter. Harbor Investment Advisory LLC now owns 105 shares of the construction company’s stock worth $56,000 after purchasing an additional 55 shares in the last quarter. Hazlett Burt & Watson Inc. grew its position in EMCOR Group by 37.5% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 110 shares of the construction company’s stock valued at $59,000 after purchasing an additional 30 shares during the period. Finally, Newbridge Financial Services Group Inc. bought a new stake in EMCOR Group during the 2nd quarter valued at $61,000. 92.59% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other EMCOR Group news, Director Robin A. Walker-Lee sold 1,325 shares of the company’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 transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.83% of the company’s stock.

EMCOR Group Stock Performance

NYSE:EME opened at $611.91 on Friday. EMCOR Group, Inc. has a 52 week low of $320.89 and a 52 week high of $778.64. The firm has a 50-day moving average price of $635.36 and a two-hundred day moving average price of $616.62. The firm has a market cap of $27.40 billion, a price-to-earnings ratio of 24.60 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 earnings per share for the quarter, hitting analysts’ consensus estimates of $6.57. The firm had revenue of $4.30 billion for the quarter, compared to the consensus estimate of $4.27 billion. EMCOR Group had a return on equity of 37.04% and a net margin of 6.96%.The company’s revenue was up 16.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $5.80 EPS. EMCOR Group has set its FY 2025 guidance at 25.000-25.75 EPS. As a group, sell-side analysts forecast that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group declared that its board has authorized a stock buyback 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 stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.

Analyst Upgrades and Downgrades

EME has been the topic of a number of recent research reports. Zacks Research lowered shares of EMCOR Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 19th. DA Davidson upped their target price on shares of EMCOR Group from $725.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Robert W. Baird set a $713.00 price target on shares of EMCOR Group in a research report on Friday, October 31st. Weiss Ratings reiterated a “buy (b)” rating on shares of EMCOR Group in a research note on Wednesday, October 8th. Finally, Wall Street Zen downgraded EMCOR Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 8th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $692.83.

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.