EMCOR Group, Inc. $EME Shares Acquired by Railway Pension Investments Ltd

Railway Pension Investments Ltd lifted its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 7.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,561 shares of the construction company’s stock after buying an additional 1,600 shares during the period. Railway Pension Investments Ltd owned approximately 0.05% of EMCOR Group worth $15,304,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC lifted its position in EMCOR Group by 12.9% during the third quarter. Commonwealth Equity Services LLC now owns 11,926 shares of the construction company’s stock valued at $7,747,000 after purchasing an additional 1,358 shares during the period. Stanley Laman Group Ltd. acquired a new position in shares of EMCOR Group in the 3rd quarter valued at $399,000. Asset Management One Co. Ltd. boosted its holdings in EMCOR Group by 1.9% during the third quarter. Asset Management One Co. Ltd. now owns 21,229 shares of the construction company’s stock worth $13,789,000 after buying an additional 406 shares in the last quarter. Elm3 Financial Group LLC acquired a new stake in EMCOR Group during the third quarter valued at $303,000. Finally, Woodward Diversified Capital LLC increased its holdings in EMCOR Group by 2.4% in the third quarter. Woodward Diversified Capital LLC now owns 760 shares of the construction company’s stock valued at $494,000 after buying an additional 18 shares in the last quarter. Hedge funds and other institutional investors own 92.59% of the company’s stock.

EMCOR Group Price Performance

EME stock opened at $637.96 on Monday. The business’s 50-day moving average is $633.16 and its two-hundred day moving average is $619.57. The firm has a market capitalization of $28.56 billion, a P/E ratio of 25.65 and a beta of 1.17. EMCOR Group, Inc. has a 1 year low of $320.89 and a 1 year high of $778.64.

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

EMCOR Group declared that its Board of Directors has authorized a stock buyback program on Thursday, December 18th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the construction company to repurchase up to 1.9% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its stock is undervalued.

EMCOR Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Wednesday, January 14th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Wednesday, January 14th. This is a positive change from EMCOR Group’s previous quarterly dividend of $0.25. EMCOR Group’s payout ratio is 4.02%.

Insider Transactions at EMCOR Group

In related news, Director Robin A. Walker-Lee sold 1,325 shares of EMCOR Group stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $677.22, for a total transaction of $897,316.50. Following the completion of the transaction, the director directly owned 6,140 shares of the company’s stock, valued at approximately $4,158,130.80. The trade was a 17.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 1.26% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

EME has been the topic of a number of analyst reports. DA Davidson raised their target price on EMCOR Group from $725.00 to $800.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Zacks Research cut EMCOR Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 19th. Robert W. Baird set a $713.00 target price on EMCOR Group in a research report on Friday, October 31st. 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. Finally, William Blair started coverage on shares of EMCOR Group in a research report on Thursday, September 11th. They issued an “outperform” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average 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.