Corbyn Investment Management Inc. MD Has $21.36 Million Stock Position in EMCOR Group, Inc. $EME

Corbyn Investment Management Inc. MD decreased its position in EMCOR Group, Inc. (NYSE:EME) by 12.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,882 shares of the construction company’s stock after selling 4,656 shares during the quarter. EMCOR Group accounts for approximately 6.3% of Corbyn Investment Management Inc. MD’s holdings, making the stock its largest holding. Corbyn Investment Management Inc. MD owned 0.07% of EMCOR Group worth $21,358,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Norges Bank bought a new stake in EMCOR Group in the 2nd quarter valued at approximately $344,548,000. Nordea Investment Management AB raised its holdings 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 purchasing an additional 153,948 shares during the last quarter. Federated Hermes Inc. lifted its position in shares of EMCOR Group by 56.4% in the second quarter. Federated Hermes Inc. now owns 322,437 shares of the construction company’s stock worth $172,468,000 after purchasing an additional 116,289 shares in the last quarter. American Century Companies Inc. boosted its holdings in EMCOR Group by 40.2% during the second quarter. American Century Companies Inc. now owns 349,517 shares of the construction company’s stock worth $186,953,000 after purchasing an additional 100,144 shares during the last quarter. Finally, Symphony Financial Ltd. Co. acquired a new position in EMCOR Group during the second quarter worth $47,504,000. 92.59% of the stock is owned by institutional investors and hedge funds.

EMCOR Group Stock Performance

EMCOR Group stock opened at $653.67 on Tuesday. The stock has a 50-day simple moving average of $631.15 and a 200 day simple moving average of $620.75. The stock has a market capitalization of $29.26 billion, a P/E ratio of 26.28 and a beta of 1.17. EMCOR Group, Inc. has a 52 week low of $320.89 and a 52 week high of $778.64.

EMCOR Group (NYSE:EME) last released its quarterly earnings data on Thursday, October 30th. The construction company reported $6.57 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $4.27 billion. During the same period last year, the firm posted $5.80 earnings per share. The business’s revenue was up 16.4% on a year-over-year basis. EMCOR Group has set its FY 2025 guidance at 25.000-25.75 EPS. Research analysts forecast that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

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 0.2%. This is a positive change from EMCOR Group’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Wednesday, January 14th. EMCOR Group’s dividend payout ratio (DPR) is presently 4.02%.

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

Analyst Upgrades and Downgrades

Several brokerages have issued reports on EME. Robert W. Baird set a $713.00 price target on shares of EMCOR Group in a research note on Friday, October 31st. William Blair began coverage on EMCOR Group in a research report on Thursday, September 11th. They issued an “outperform” rating on the stock. Wall Street Zen cut EMCOR Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 8th. Zacks Research downgraded EMCOR Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 19th. Finally, Stifel Nicolaus boosted 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. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $692.83.

Insider Activity at EMCOR Group

In other news, Director Robin A. Walker-Lee sold 1,325 shares of the stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $677.22, for a total value of $897,316.50. Following the transaction, the director directly owned 6,140 shares of the company’s stock, valued at $4,158,130.80. This represents a 17.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.26% of the stock is currently owned by corporate insiders.

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.