Commonwealth Equity Services LLC Has $7.75 Million Stock Position in EMCOR Group, Inc. $EME

Commonwealth Equity Services LLC boosted its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 12.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,926 shares of the construction company’s stock after acquiring an additional 1,358 shares during the quarter. Commonwealth Equity Services LLC’s holdings in EMCOR Group were worth $7,747,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Stanley Laman Group Ltd. acquired a new stake in shares of EMCOR Group in the third quarter valued at approximately $399,000. Asset Management One Co. Ltd. boosted its position in EMCOR Group by 1.9% in the 3rd quarter. Asset Management One Co. Ltd. now owns 21,229 shares of the construction company’s stock valued at $13,789,000 after buying an additional 406 shares during the last quarter. Elm3 Financial Group LLC acquired a new stake in shares of EMCOR Group in the 3rd quarter valued at $303,000. Woodward Diversified Capital LLC raised its position in shares of EMCOR Group by 2.4% during the third quarter. Woodward Diversified Capital LLC now owns 760 shares of the construction company’s stock worth $494,000 after acquiring an additional 18 shares during the last quarter. Finally, Global Retirement Partners LLC lifted its stake in shares of EMCOR Group by 8.7% during the third quarter. Global Retirement Partners LLC now owns 1,116 shares of the construction company’s stock valued at $725,000 after acquiring an additional 89 shares during the period. 92.59% of the stock is owned by institutional investors.

EMCOR Group Stock Performance

Shares of NYSE EME opened at $670.33 on Wednesday. The stock has a market cap of $30.01 billion, a P/E ratio of 26.95 and a beta of 1.17. The firm has a 50 day moving average price of $625.82 and a 200 day moving average price of $627.00. EMCOR Group, Inc. has a 52-week low of $320.89 and a 52-week high of $778.64.

EMCOR Group (NYSE:EME) last posted its earnings results on Thursday, October 30th. The construction company reported $6.57 earnings per share for the quarter, hitting the consensus estimate of $6.57. The company had revenue of $4.30 billion for the quarter, compared to analyst estimates 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 for the quarter was up 16.4% compared to the same quarter last year. During the same period last year, the business posted $5.80 earnings per share. EMCOR Group has set its FY 2025 guidance at 25.000-25.75 EPS. Analysts predict that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group announced that its Board of Directors has approved a stock repurchase 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 a sign that the company’s board believes its stock is undervalued.

EMCOR Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Wednesday, January 14th will be paid a $0.40 dividend. 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. This represents a $1.60 dividend on an annualized basis and a yield of 0.2%. EMCOR Group’s payout ratio is presently 6.43%.

Insider Activity at EMCOR Group

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

Analyst Upgrades and Downgrades

EME has been the subject of a number of research reports. Wall Street Zen lowered EMCOR Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 8th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of EMCOR Group in a research note on Wednesday, October 8th. DA Davidson boosted their price target on shares of EMCOR Group from $725.00 to $800.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Stifel Nicolaus raised their price objective 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. Finally, The Goldman Sachs Group raised shares of EMCOR Group from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $495.00 to $676.00 in a report on Tuesday, October 7th. 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. According to MarketBeat.com, EMCOR Group presently has a consensus rating of “Moderate Buy” and a consensus price target 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.