Donoghue Forlines LLC Buys New Shares in EMCOR Group, Inc. $EME

Donoghue Forlines LLC acquired a new stake in shares of EMCOR Group, Inc. (NYSE:EME) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 3,419 shares of the construction company’s stock, valued at approximately $2,221,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EME. Signaturefd LLC increased its stake in EMCOR Group by 3.0% in the 3rd quarter. Signaturefd LLC now owns 557 shares of the construction company’s stock worth $362,000 after buying an additional 16 shares in the last quarter. Woodward Diversified Capital LLC boosted its stake in shares of EMCOR Group by 2.4% in 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 period. Park Place Capital Corp grew its position in shares of EMCOR Group by 6.9% during the second quarter. Park Place Capital Corp now owns 308 shares of the construction company’s stock worth $164,000 after purchasing an additional 20 shares in the last quarter. Altus Wealth Group LLC grew its position in shares of EMCOR Group by 1.4% during the third quarter. Altus Wealth Group LLC now owns 1,495 shares of the construction company’s stock worth $971,000 after purchasing an additional 20 shares in the last quarter. Finally, Simon Quick Advisors LLC raised its stake in EMCOR Group by 2.1% during the 2nd quarter. Simon Quick Advisors LLC now owns 1,092 shares of the construction company’s stock valued at $584,000 after purchasing an additional 22 shares during the period. Institutional investors own 92.59% of the company’s stock.

EMCOR Group Stock Up 2.5%

Shares of NYSE:EME opened at $699.15 on Friday. The firm has a fifty day simple moving average of $627.09 and a two-hundred day simple moving average of $629.43. EMCOR Group, Inc. has a 52 week low of $320.89 and a 52 week high of $778.64. The stock has a market capitalization of $31.30 billion, a P/E ratio of 28.11 and a beta of 1.17.

EMCOR Group (NYSE:EME) last announced its earnings results on Thursday, October 30th. The construction company reported $6.57 earnings per share (EPS) for the quarter, meeting the consensus estimate of $6.57. The firm had revenue of $4.30 billion for the quarter, compared to analysts’ expectations 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 period in the prior year, the company earned $5.80 EPS. 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 declared that its board has approved a share repurchase plan on Thursday, December 18th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the construction company to reacquire up to 1.9% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its stock is undervalued.

EMCOR Group Increases Dividend

The business also recently announced 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. The ex-dividend date of this dividend is Wednesday, January 14th. This represents a $1.60 annualized dividend and a dividend yield of 0.2%. This is an increase from EMCOR Group’s previous quarterly dividend of $0.25. EMCOR Group’s dividend payout ratio is presently 6.43%.

Insiders Place Their Bets

In other EMCOR Group news, Director Robin A. Walker-Lee sold 1,325 shares of the business’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $677.22, for a total transaction of $897,316.50. Following the transaction, the director owned 6,140 shares in the company, valued at $4,158,130.80. The trade was a 17.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Stifel Nicolaus increased their price objective on shares of EMCOR Group from $692.00 to $718.00 and gave the company a “buy” rating in a report on Monday, October 13th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of EMCOR Group in a research note on Wednesday, October 8th. The Goldman Sachs Group upgraded shares of EMCOR Group from a “sell” rating to a “neutral” rating and lifted their price target for the company from $495.00 to $676.00 in a report on Tuesday, October 7th. Wall Street Zen downgraded shares of EMCOR Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 8th. Finally, Robert W. Baird set a $713.00 price objective on EMCOR Group in a research report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average 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.