CIBC Private Wealth Group LLC Buys 13,060 Shares of EMCOR Group, Inc. $EME

CIBC Private Wealth Group LLC boosted its stake in EMCOR Group, Inc. (NYSE:EME) by 38.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 47,058 shares of the construction company’s stock after buying an additional 13,060 shares during the quarter. CIBC Private Wealth Group LLC owned approximately 0.11% of EMCOR Group worth $30,566,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Main Street Group LTD boosted its holdings in EMCOR Group by 110.0% during the 3rd quarter. Main Street Group LTD now owns 42 shares of the construction company’s stock worth $27,000 after acquiring an additional 22 shares during the last quarter. Quent Capital LLC purchased a new stake in shares of EMCOR Group in the third quarter valued at about $29,000. Orion Capital Management LLC purchased a new stake in shares of EMCOR Group in the third quarter valued at about $31,000. Twin Peaks Wealth Advisors LLC bought a new position in shares of EMCOR Group during the second quarter valued at about $43,000. Finally, True Wealth Design LLC lifted its position in shares of EMCOR Group by 333.3% during the third quarter. True Wealth Design LLC now owns 91 shares of the construction company’s stock valued at $59,000 after purchasing an additional 70 shares in the last quarter. 92.59% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on EME. Cantor Fitzgerald initiated coverage on shares of EMCOR Group in a research report on Tuesday, March 10th. They issued an “overweight” rating and a $848.00 price objective for the company. Robert W. Baird lifted their target price on shares of EMCOR Group from $713.00 to $808.00 and gave the stock an “outperform” rating in a research report on Friday, February 27th. 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 note on Friday, February 27th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of EMCOR Group in a report on Wednesday, January 21st. Finally, Stifel Nicolaus increased their price target on EMCOR Group from $754.00 to $814.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Nine equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, EMCOR Group has a consensus rating of “Moderate Buy” and an average price target of $784.43.

EMCOR Group Stock Up 2.0%

Shares of EME stock opened at $752.74 on Friday. The firm has a market cap of $33.52 billion, a P/E ratio of 26.66 and a beta of 1.16. The company has a 50 day moving average of $735.43 and a 200-day moving average of $674.94. EMCOR Group, Inc. has a 12-month low of $320.89 and a 12-month high of $835.00.

EMCOR Group (NYSE:EME) last posted its quarterly earnings data 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 business had revenue of $4.51 billion for the quarter, compared to the consensus estimate of $4.28 billion. During the same quarter in the prior year, the business earned $6.32 earnings per share. EMCOR Group’s revenue for the quarter was up 19.7% on a year-over-year basis. EMCOR Group has set its FY 2026 guidance at 27.250-29.250 EPS. As a group, equities analysts expect 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 was paid on Friday, January 30th. Stockholders of record on Wednesday, January 14th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Wednesday, January 14th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.2%. This is a boost from EMCOR Group’s previous quarterly dividend of $0.25. EMCOR Group’s payout ratio is currently 5.67%.

EMCOR Group announced that its board has initiated a stock repurchase plan on Thursday, December 18th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the construction company to buy up to 1.9% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.

Insider Activity at EMCOR Group

In other news, CEO Anthony Guzzi sold 36,000 shares of the stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $729.48, for a total transaction of $26,261,280.00. Following the completion of the transaction, the chief executive officer owned 170,299 shares in the company, valued at approximately $124,229,714.52. This represents a 17.45% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.83% of the stock is owned by corporate insiders.

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.