Oregon Public Employees Retirement Fund Has $3.26 Million Stock Holdings in EMCOR Group, Inc. $EME

Oregon Public Employees Retirement Fund decreased its holdings in shares of EMCOR Group, Inc. (NYSE:EME) by 45.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,025 shares of the construction company’s stock after selling 4,203 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in EMCOR Group were worth $3,264,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Tobam increased its position in EMCOR Group by 1,900.0% during the second quarter. Tobam now owns 80 shares of the construction company’s stock worth $43,000 after buying an additional 76 shares during the last quarter. Twin Peaks Wealth Advisors LLC acquired a new position in shares of EMCOR Group during the 2nd quarter valued at about $43,000. Harbor Investment Advisory LLC increased its holdings in shares of EMCOR Group by 110.0% during the 2nd quarter. Harbor Investment Advisory LLC now owns 105 shares of the construction company’s stock valued at $56,000 after acquiring an additional 55 shares during the last quarter. Hazlett Burt & Watson Inc. raised its stake in shares of 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 acquiring an additional 30 shares in the last quarter. Finally, True Wealth Design LLC lifted its holdings in EMCOR Group by 333.3% in the 3rd quarter. True Wealth Design LLC now owns 91 shares of the construction company’s stock worth $59,000 after purchasing an additional 70 shares during the last quarter. Institutional investors and hedge funds own 92.59% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Zacks Research downgraded EMCOR Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 19th. Wall Street Zen lowered shares of EMCOR Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 8th. Stifel Nicolaus boosted their target price on shares of EMCOR Group from $692.00 to $718.00 and gave the stock a “buy” rating in a research report on Monday, October 13th. Robert W. Baird set a $713.00 price target on shares of EMCOR Group in a report on Friday, October 31st. Finally, DA Davidson lifted their price objective on EMCOR Group from $725.00 to $800.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. One 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 MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $692.83.

Insider Buying and Selling

In other EMCOR Group news, Director Robin A. Walker-Lee sold 1,325 shares of the firm’s stock in a transaction that occurred 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 owned 6,140 shares in the company, valued at approximately $4,158,130.80. This trade represents a 17.75% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.26% of the stock is currently owned by company insiders.

EMCOR Group Price Performance

NYSE:EME opened at $646.80 on Monday. EMCOR Group, Inc. has a one year low of $320.89 and a one year high of $778.64. The company has a fifty day moving average price of $625.76 and a 200 day moving average price of $624.97. The stock has a market cap of $28.96 billion, a P/E ratio of 26.01 and a beta of 1.17.

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 the consensus estimate of $6.57. The company had revenue of $4.30 billion for 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 business’s revenue was up 16.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $5.80 EPS. EMCOR Group has set its FY 2025 guidance at 25.000-25.75 EPS. As a group, equities research analysts anticipate that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Wednesday, January 14th will be paid a dividend of $0.40 per share. This is a positive change from EMCOR Group’s previous quarterly dividend of $0.25. This represents a $1.60 annualized dividend and a yield of 0.2%. The ex-dividend date is Wednesday, January 14th. EMCOR Group’s dividend payout ratio is presently 4.02%.

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

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.