Central Pacific Bank Trust Division Has $35,000 Holdings in EMCOR Group, Inc. $EME

Central Pacific Bank Trust Division decreased its holdings in EMCOR Group, Inc. (NYSE:EME) by 97.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 57 shares of the construction company’s stock after selling 1,880 shares during the quarter. Central Pacific Bank Trust Division’s holdings in EMCOR Group were worth $35,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Park Avenue Securities LLC lifted its holdings in shares of EMCOR Group by 7.4% in the fourth quarter. Park Avenue Securities LLC now owns 7,225 shares of the construction company’s stock valued at $4,420,000 after purchasing an additional 496 shares in the last quarter. GAMMA Investing LLC grew its holdings in EMCOR Group by 5.9% during the fourth quarter. GAMMA Investing LLC now owns 1,688 shares of the construction company’s stock worth $1,033,000 after buying an additional 94 shares in the last quarter. CTC Alternative Strategies Ltd. purchased a new stake in EMCOR Group in the 3rd quarter valued at $390,000. Value Aligned Research Advisors LLC bought a new position in EMCOR Group during the 3rd quarter valued at $17,654,000. Finally, Swiss Life Asset Management Ltd lifted its stake 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 acquiring an additional 667 shares in the last quarter. 92.59% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. DA Davidson upped their target price on shares of EMCOR Group from $800.00 to $900.00 and gave the stock a “buy” rating in a research note on Friday, February 27th. Cantor Fitzgerald assumed coverage on shares of EMCOR Group in a research report on Tuesday, March 10th. They set an “overweight” rating and a $848.00 price target on the stock. Weiss Ratings restated a “buy (b)” rating on shares of EMCOR Group in a report on Wednesday, January 21st. Robert W. Baird upped their price objective 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. Finally, 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 research report on Friday, March 6th. Nine research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, EMCOR Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $784.43.

EMCOR Group Stock Up 3.0%

Shares of NYSE:EME opened at $746.37 on Tuesday. The firm has a market capitalization of $33.24 billion, a PE ratio of 26.44 and a beta of 1.16. The company has a 50-day moving average price of $738.73 and a two-hundred day moving average price of $677.16. EMCOR Group, Inc. has a twelve month low of $320.89 and a twelve month high of $835.00.

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

EMCOR Group Increases Dividend

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

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

Insider Activity

In other news, CEO Anthony Guzzi sold 36,000 shares of the firm’s stock in a transaction on Thursday, March 5th. The stock was 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 of the company’s stock, valued at $124,229,714.52. This trade represents a 17.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.26% of the stock is currently 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.