Cerity Partners LLC Acquires 4,489 Shares of EMCOR Group, Inc. $EME

Cerity Partners LLC grew its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 24.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,003 shares of the construction company’s stock after acquiring an additional 4,489 shares during the quarter. Cerity Partners LLC owned about 0.05% of EMCOR Group worth $14,942,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Great Lakes Advisors LLC lifted its position in EMCOR Group by 32.3% during the first quarter. Great Lakes Advisors LLC now owns 590 shares of the construction company’s stock valued at $218,000 after purchasing an additional 144 shares in the last quarter. Focus Partners Wealth boosted its holdings in shares of EMCOR Group by 36.5% in the 1st quarter. Focus Partners Wealth now owns 9,318 shares of the construction company’s stock worth $3,444,000 after purchasing an additional 2,491 shares during the period. Belpointe Asset Management LLC purchased a new stake in shares of EMCOR Group in the first quarter valued at $277,000. Geneos Wealth Management Inc. boosted its position in shares of EMCOR Group by 93.0% during the first quarter. Geneos Wealth Management Inc. now owns 220 shares of the construction company’s stock valued at $81,000 after buying an additional 106 shares during the period. Finally, Strs Ohio purchased a new stake in EMCOR Group in the first quarter worth $7,338,000. 92.59% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on EME. DA Davidson raised their price objective on 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 target price on shares of EMCOR Group in a research note on Friday, October 31st. Wall Street Zen cut EMCOR Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 8th. The Goldman Sachs Group upgraded EMCOR Group from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $495.00 to $676.00 in a research note on Tuesday, October 7th. Finally, Stifel Nicolaus boosted their target price on shares of EMCOR Group from $692.00 to $718.00 and gave the company a “buy” rating in a research note on Monday, October 13th. One research 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 company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $692.83.

Insider Buying and Selling at EMCOR Group

In other news, Director Robin A. Walker-Lee sold 1,325 shares of the 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 in the company, valued at approximately $4,158,130.80. This represents a 17.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.83% of the company’s stock.

EMCOR Group Trading Up 2.9%

NYSE:EME opened at $646.80 on Friday. The company has a market cap of $28.95 billion, a P/E ratio of 26.01 and a beta of 1.17. The company’s 50-day moving average price is $625.76 and its 200-day moving average price is $624.11. EMCOR Group, Inc. has a twelve month low of $320.89 and a twelve month high of $778.64.

EMCOR Group (NYSE:EME) last posted its quarterly 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 during the quarter, compared to analysts’ expectations of $4.27 billion. During the same quarter last year, the firm earned $5.80 earnings per share. The business’s revenue for the quarter was up 16.4% on a year-over-year basis. 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 earnings per share for the current year.

EMCOR Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Wednesday, January 14th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Wednesday, January 14th. This is a boost from EMCOR Group’s previous quarterly dividend of $0.25. EMCOR Group’s dividend payout ratio is presently 6.43%.

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

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.