Allworth Financial LP Has $2.92 Million Stock Holdings in EMCOR Group, Inc. $EME

Allworth Financial LP lowered its holdings in shares of EMCOR Group, Inc. (NYSE:EME) by 14.9% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,501 shares of the construction company’s stock after selling 789 shares during the period. Allworth Financial LP’s holdings in EMCOR Group were worth $2,924,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its position in EMCOR Group by 17.6% during the 3rd quarter. Vanguard Group Inc. now owns 5,332,636 shares of the construction company’s stock worth $3,463,760,000 after purchasing an additional 798,975 shares in the last quarter. State Street Corp lifted its stake in EMCOR Group by 15.2% in the 3rd quarter. State Street Corp now owns 1,852,991 shares of the construction company’s stock valued at $1,203,592,000 after purchasing an additional 244,494 shares during the last quarter. Victory Capital Management Inc. boosted its position 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 buying an additional 311,474 shares in the last quarter. Norges Bank bought a new stake in shares of EMCOR Group during the second quarter worth $344,548,000. Finally, AQR Capital Management LLC grew its stake in shares of EMCOR Group by 0.9% during the third quarter. AQR Capital Management LLC now owns 627,507 shares of the construction company’s stock worth $405,295,000 after buying an additional 5,488 shares during the last quarter. 92.59% of the stock is currently owned by institutional investors.

EMCOR Group Stock Performance

Shares of NYSE EME opened at $726.57 on Friday. The company’s 50 day moving average price is $737.03 and its 200-day moving average price is $676.07. EMCOR Group, Inc. has a 52-week low of $320.89 and a 52-week high of $835.00. The company has a market capitalization of $32.35 billion, a P/E ratio of 25.74 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.68 by $0.51. EMCOR Group had a net margin of 7.49% and a return on equity of 35.89%. The business had revenue of $4.51 billion for the quarter, compared to analyst estimates of $4.28 billion. During the same quarter in the previous 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. Analysts forecast that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group declared that its Board of Directors has initiated a stock repurchase program on Thursday, December 18th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the construction company to buy up to 1.9% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its shares are undervalued.

EMCOR Group Increases Dividend

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

Insider Buying and Selling

In other EMCOR Group news, CEO Anthony Guzzi sold 36,000 shares of the firm’s stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $729.48, for a total value of $26,261,280.00. Following the completion of the sale, the chief executive officer directly owned 170,299 shares in the company, valued at approximately $124,229,714.52. This trade represents a 17.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.83% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on EME shares. UBS Group upped their target price on EMCOR Group from $900.00 to $945.00 and gave the stock a “buy” rating in a report on Friday, March 6th. DA Davidson lifted their price target on EMCOR Group from $800.00 to $900.00 and gave the company a “buy” rating in a research note on Friday, February 27th. Stifel Nicolaus boosted their price target on EMCOR Group from $754.00 to $814.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Cantor Fitzgerald began coverage on EMCOR Group in a research note on Tuesday, March 10th. They issued an “overweight” rating and a $848.00 price objective for the company. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of EMCOR Group in a report on Wednesday, January 21st. Nine equities research analysts have rated the stock with 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 $784.43.

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.