Cim Investment Management Inc. Reduces Stock Position in EMCOR Group, Inc. $EME

Cim Investment Management Inc. trimmed its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 51.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 938 shares of the construction company’s stock after selling 1,011 shares during the quarter. Cim Investment Management Inc.’s holdings in EMCOR Group were worth $609,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in EME. Vanguard Group Inc. increased its position in shares of EMCOR Group by 17.6% during the third quarter. Vanguard Group Inc. now owns 5,332,636 shares of the construction company’s stock valued at $3,463,760,000 after buying an additional 798,975 shares during the period. State Street Corp boosted its position in shares of EMCOR Group by 15.2% in the third quarter. State Street Corp now owns 1,852,991 shares of the construction company’s stock valued at $1,203,592,000 after acquiring an additional 244,494 shares during the period. Victory Capital Management Inc. grew its stake in EMCOR Group by 48.8% during the third quarter. Victory Capital Management Inc. now owns 949,360 shares of the construction company’s stock valued at $572,351,000 after acquiring an additional 311,474 shares in the last quarter. Norges Bank bought a new stake in EMCOR Group during the 2nd quarter worth approximately $344,548,000. Finally, AQR Capital Management LLC increased its holdings in EMCOR Group by 0.9% during the 3rd quarter. AQR Capital Management LLC now owns 627,507 shares of the construction company’s stock worth $405,295,000 after acquiring an additional 5,488 shares during the period. Hedge funds and other institutional investors own 92.59% of the company’s stock.

EMCOR Group Price Performance

Shares of EME opened at $728.69 on Wednesday. The firm has a market capitalization of $32.45 billion, a P/E ratio of 25.81 and a beta of 1.16. EMCOR Group, Inc. has a one year low of $320.89 and a one year high of $835.00. The business has a fifty day moving average of $731.18 and a 200 day moving average of $673.93.

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

EMCOR Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 30th. Investors of record on Wednesday, January 14th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.2%. This is a positive change from EMCOR Group’s previous quarterly dividend of $0.25. The ex-dividend date was Wednesday, January 14th. EMCOR Group’s dividend payout ratio (DPR) is presently 5.67%.

EMCOR Group announced that its Board of Directors has initiated a share repurchase plan on Thursday, December 18th that allows the company to buyback $500.00 million in 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 generally an indication that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

Several research analysts have commented on the stock. Zacks Research downgraded shares of EMCOR Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 19th. Stifel Nicolaus lifted their price objective on EMCOR Group from $754.00 to $814.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. DA Davidson boosted their target price on EMCOR Group from $800.00 to $900.00 and gave the stock a “buy” rating in a research report on Friday, February 27th. Cantor Fitzgerald assumed coverage on EMCOR Group in a report on Tuesday, March 10th. They issued an “overweight” rating and a $848.00 price target on the stock. Finally, Robert W. Baird lifted their price target on EMCOR Group from $713.00 to $808.00 and gave the company an “outperform” rating in a research report on Friday, February 27th. Nine research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $784.43.

Insider Transactions at EMCOR Group

In other EMCOR Group news, CEO Anthony Guzzi sold 36,000 shares of the company’s stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $729.48, for a total transaction of $26,261,280.00. Following the completion of the sale, the chief executive officer directly owned 170,299 shares of the company’s stock, valued at approximately $124,229,714.52. This represents a 17.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.26% of the company’s stock.

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.