New Mexico Educational Retirement Board Reduces Stock Position in EMCOR Group, Inc. $EME

New Mexico Educational Retirement Board lessened its position in EMCOR Group, Inc. (NYSE:EME) by 78.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,000 shares of the construction company’s stock after selling 7,300 shares during the period. New Mexico Educational Retirement Board’s holdings in EMCOR Group were worth $1,299,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. CTC Alternative Strategies Ltd. bought a new stake in shares of EMCOR Group in the third quarter worth about $390,000. Value Aligned Research Advisors LLC purchased a new position in EMCOR Group during the 3rd quarter valued at about $17,654,000. Swiss Life Asset Management Ltd raised its position in EMCOR Group by 3.0% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 23,099 shares of the construction company’s stock valued at $15,004,000 after purchasing an additional 667 shares during the last quarter. Investment Research Partners LLC purchased a new stake in EMCOR Group in the 3rd quarter worth approximately $197,000. Finally, Cambria Investment Management L.P. grew its position 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 worth $482,000 after buying an additional 47 shares during the last quarter. Hedge funds and other institutional investors own 92.59% of the company’s stock.

EMCOR Group Stock Down 3.3%

NYSE EME opened at $726.57 on Friday. EMCOR Group, Inc. has a twelve month low of $320.89 and a twelve month high of $835.00. The firm has a market capitalization of $32.35 billion, a PE ratio of 25.74 and a beta of 1.16. The stock’s 50 day moving average is $737.03 and its 200 day moving average is $676.07.

EMCOR Group (NYSE:EME) last posted its quarterly earnings data on Thursday, February 26th. The construction company reported $7.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.68 by $0.51. The business had revenue of $4.51 billion during 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%.The firm’s quarterly revenue was up 19.7% compared to the same quarter last year. 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. On average, research analysts anticipate that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Increases Dividend

The firm also recently declared 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 is an increase from EMCOR Group’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Wednesday, January 14th. This represents a $1.60 dividend on an annualized basis and a yield of 0.2%. EMCOR Group’s dividend payout ratio is 5.67%.

EMCOR Group announced that its Board of Directors has approved a share repurchase program on Thursday, December 18th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the construction company to purchase up to 1.9% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on EME shares. Cantor Fitzgerald began coverage on EMCOR Group in a research note on Tuesday, March 10th. They set an “overweight” rating and a $848.00 target price on the stock. Stifel Nicolaus lifted their price target on shares of EMCOR Group from $754.00 to $814.00 and gave the company a “buy” rating in a report on Monday, March 2nd. DA Davidson boosted their price objective on shares of EMCOR Group from $800.00 to $900.00 and gave the company a “buy” rating in a research report on Friday, February 27th. UBS Group upped their price objective on shares of EMCOR Group from $900.00 to $945.00 and gave the stock a “buy” rating in a report on Friday, March 6th. Finally, Robert W. Baird raised 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. Nine investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $784.43.

Insider Buying and Selling

In related news, CEO Anthony Guzzi sold 36,000 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer owned 170,299 shares of the company’s stock, valued at $124,229,714.52. The trade was a 17.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.83% of the stock is owned by insiders.

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.