Nordea Investment Management AB Sells 16,048 Shares of EMCOR Group, Inc. $EME

Nordea Investment Management AB cut its stake in EMCOR Group, Inc. (NYSE:EME) by 3.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 391,244 shares of the construction company’s stock after selling 16,048 shares during the quarter. Nordea Investment Management AB owned 0.87% of EMCOR Group worth $241,624,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in EME. Parisi Gray Wealth Management boosted its holdings in EMCOR Group by 40.0% in the fourth quarter. Parisi Gray Wealth Management now owns 840 shares of the construction company’s stock worth $514,000 after purchasing an additional 240 shares during the last quarter. New England Research & Management Inc. purchased a new stake in EMCOR Group during the 4th quarter valued at $598,000. CWA Asset Management Group LLC raised its stake in EMCOR Group by 6.6% during the 4th quarter. CWA Asset Management Group LLC now owns 8,588 shares of the construction company’s stock valued at $5,254,000 after buying an additional 528 shares during the last quarter. Lake Hills Wealth Management LLC bought a new position in shares of EMCOR Group during the 4th quarter valued at $403,000. Finally, WESPAC Advisors SoCal LLC boosted its stake in shares of EMCOR Group by 2.4% in the 4th quarter. WESPAC Advisors SoCal LLC now owns 13,777 shares of the construction company’s stock worth $8,429,000 after buying an additional 325 shares during the last quarter. 92.59% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on EME shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of EMCOR Group in a report on Wednesday, January 21st. Robert W. Baird increased their target price on EMCOR Group from $713.00 to $808.00 and gave the company an “outperform” rating in a report on Friday, February 27th. Cantor Fitzgerald began coverage on EMCOR Group in a research report on Tuesday, March 10th. They issued an “overweight” rating and a $848.00 target price on the stock. DA Davidson boosted 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. Finally, Stifel Nicolaus upped their price target on shares of 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 stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $784.43.

EMCOR Group Stock Down 3.3%

Shares of EME opened at $726.57 on Monday. The business has a 50-day simple moving average of $737.03 and a two-hundred day simple moving average of $676.41. EMCOR Group, Inc. has a 52 week low of $320.89 and a 52 week high of $835.00. The stock has a market cap of $32.36 billion, a price-to-earnings ratio of 25.74 and a beta of 1.16.

EMCOR Group (NYSE:EME) last posted its quarterly earnings data 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 firm had revenue of $4.51 billion for the quarter, compared to analysts’ expectations of $4.28 billion. EMCOR Group had a return on equity of 35.89% and a net margin of 7.49%.The business’s quarterly revenue was up 19.7% on a year-over-year basis. During the same period in the previous year, the firm earned $6.32 EPS. EMCOR Group has set its FY 2026 guidance at 27.250-29.250 EPS. On average, equities analysts anticipate that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 30th. Shareholders of record on Wednesday, January 14th were issued a dividend of $0.40 per share. This is an increase 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 presently 5.67%.

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

Insider Buying and Selling 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 value of $26,261,280.00. Following the completion of the transaction, the chief executive officer directly owned 170,299 shares in the company, valued at $124,229,714.52. This represents a 17.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.83% of the stock is currently 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.