2,026 Shares in EMCOR Group, Inc. $EME Bought by Blackhawk Capital Partners LLC

Blackhawk Capital Partners LLC bought a new stake in EMCOR Group, Inc. (NYSE:EME) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,026 shares of the construction company’s stock, valued at approximately $1,316,000.

Other institutional investors have also recently bought and sold shares of the company. Quent Capital LLC bought a new stake in shares of EMCOR Group during the 3rd quarter valued at approximately $29,000. Orion Capital Management LLC acquired a new stake in EMCOR Group in the third quarter valued at approximately $31,000. Tobam grew its stake in shares of EMCOR Group by 1,900.0% during the second quarter. Tobam now owns 80 shares of the construction company’s stock worth $43,000 after buying an additional 76 shares during the last quarter. Twin Peaks Wealth Advisors LLC acquired a new position in shares of EMCOR Group during the second quarter worth $43,000. Finally, Hazlett Burt & Watson Inc. lifted its stake in shares of EMCOR Group by 37.5% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 110 shares of the construction company’s stock valued at $59,000 after acquiring an additional 30 shares during the last quarter. Institutional investors and hedge funds own 92.59% of the company’s stock.

Insider Buying and Selling

In other EMCOR Group news, Director Robin A. Walker-Lee sold 1,325 shares of EMCOR Group stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $677.22, for a total value of $897,316.50. Following the completion of the sale, the director directly owned 6,140 shares in the company, valued at approximately $4,158,130.80. The trade was a 17.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.83% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. The Goldman Sachs Group raised EMCOR Group from a “sell” rating to a “neutral” rating and upped their target price for the stock from $495.00 to $676.00 in a report on Tuesday, October 7th. Stifel Nicolaus upped their price objective on EMCOR Group from $692.00 to $718.00 and gave the company a “buy” rating in a research note on Monday, October 13th. Zacks Research downgraded shares of EMCOR Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 19th. Robert W. Baird set a $713.00 price target on shares of EMCOR Group in a research report on Friday, October 31st. Finally, DA Davidson raised their price target on shares of EMCOR Group from $725.00 to $800.00 and gave the company a “buy” rating in a research note on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $692.83.

EMCOR Group Stock Performance

Shares of NYSE EME opened at $694.95 on Friday. The company has a market capitalization of $31.11 billion, a P/E ratio of 27.94 and a beta of 1.17. EMCOR Group, Inc. has a 52-week low of $320.89 and a 52-week high of $778.64. The company’s 50 day moving average price is $633.37 and its 200-day moving average price is $634.14.

EMCOR Group (NYSE:EME) last posted its quarterly earnings data on Thursday, October 30th. The construction company reported $6.57 earnings per share for the quarter, hitting the consensus estimate of $6.57. The company had revenue of $4.30 billion during the quarter, compared to analysts’ expectations of $4.27 billion. EMCOR Group had a net margin of 6.96% and a return on equity of 37.04%. EMCOR Group’s revenue for the quarter was up 16.4% compared to the same quarter last year. During the same period in the prior year, the company posted $5.80 earnings per share. EMCOR Group has set its FY 2025 guidance at 25.000-25.75 EPS. Analysts forecast that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

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

EMCOR Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Wednesday, January 14th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Wednesday, January 14th. This is a positive change from EMCOR Group’s previous quarterly dividend of $0.25. EMCOR Group’s dividend payout ratio is currently 6.43%.

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.