Crossmark Global Holdings Inc. Sells 3,829 Shares of EMCOR Group, Inc. $EME

Crossmark Global Holdings Inc. cut its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 26.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,731 shares of the construction company’s stock after selling 3,829 shares during the period. Crossmark Global Holdings Inc.’s holdings in EMCOR Group were worth $6,970,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Kane Investment Management Inc. boosted its holdings in EMCOR Group by 1.4% during the third quarter. Kane Investment Management Inc. now owns 2,103 shares of the construction company’s stock worth $1,366,000 after buying an additional 30 shares during the last quarter. JT Stratford LLC bought a new stake in shares of EMCOR Group in the 3rd quarter valued at about $1,139,000. Cambria Investment Management L.P. increased its stake in shares of EMCOR Group by 6.8% in the 3rd quarter. Cambria Investment Management L.P. now owns 742 shares of the construction company’s stock valued at $482,000 after acquiring an additional 47 shares during the last quarter. Level Four Advisory Services LLC grew its holdings in EMCOR Group by 6.9% during the third quarter. Level Four Advisory Services LLC now owns 2,815 shares of the construction company’s stock valued at $1,829,000 after purchasing an additional 181 shares during the period. Finally, Victory Capital Management Inc. increased its stake in EMCOR Group by 48.8% in the third quarter. Victory Capital Management Inc. now owns 949,360 shares of the construction company’s stock valued at $572,351,000 after purchasing an additional 311,474 shares in the last quarter. Institutional investors and hedge funds own 92.59% of the company’s stock.

EMCOR Group Stock Performance

NYSE:EME opened at $705.74 on Friday. The stock has a 50-day simple moving average of $718.67 and a 200 day simple moving average of $668.04. EMCOR Group, Inc. has a 52-week low of $320.89 and a 52-week high of $835.00. The company has a market cap of $31.43 billion, a PE ratio of 25.00 and a beta of 1.16.

EMCOR Group (NYSE:EME) last released its earnings results on Thursday, February 26th. The construction company reported $7.19 EPS for the quarter, beating the consensus estimate of $6.68 by $0.51. EMCOR Group had a return on equity of 35.89% and a net margin of 7.49%.The firm had revenue of $4.51 billion for the quarter, compared to analysts’ expectations of $4.28 billion. During the same quarter in the previous year, the business posted $6.32 EPS. The business’s quarterly revenue was up 19.7% compared to the same quarter last year. EMCOR Group has set its FY 2026 guidance at 27.250-29.250 EPS. On average, research analysts predict that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Wednesday, January 14th were given a $0.40 dividend. This is a boost from EMCOR Group’s previous quarterly dividend of $0.25. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Wednesday, January 14th. EMCOR Group’s payout ratio is presently 5.67%.

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

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on EME shares. Stifel Nicolaus increased their target price on shares of EMCOR Group from $754.00 to $814.00 and gave the stock a “buy” rating in a report on Monday. DA Davidson boosted their price target on shares of EMCOR Group from $800.00 to $900.00 and gave the company a “buy” rating in a report on Friday, February 27th. UBS Group raised their price objective on EMCOR Group from $900.00 to $945.00 and gave the stock a “buy” rating in a research note on Friday. Zacks Research lowered EMCOR Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 19th. Finally, Wall Street Zen cut EMCOR Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 8th. Eight equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, EMCOR Group has an average rating of “Moderate Buy” and an average target price of $773.83.

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.