Segment Wealth Management LLC Invests $870,000 in EMCOR Group, Inc. $EME

Segment Wealth Management LLC bought a new stake in shares of EMCOR Group, Inc. (NYSE:EME) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 1,340 shares of the construction company’s stock, valued at approximately $870,000.

Other institutional investors and hedge funds have also modified their holdings of the company. B. Riley Wealth Advisors Inc. bought a new stake in shares of EMCOR Group during the 2nd quarter worth about $995,000. Pinnbrook Capital Management LP bought a new position in shares of EMCOR Group in the 2nd quarter valued at approximately $1,510,000. Nordea Investment Management AB lifted its holdings in EMCOR Group by 63.8% in the 2nd quarter. Nordea Investment Management AB now owns 395,110 shares of the construction company’s stock worth $210,278,000 after purchasing an additional 153,948 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its position in EMCOR Group by 4.4% during the second quarter. Nomura Asset Management Co. Ltd. now owns 21,345 shares of the construction company’s stock worth $11,417,000 after purchasing an additional 894 shares during the period. Finally, Capital Fund Management S.A. grew its holdings in EMCOR Group by 17.1% during the second quarter. Capital Fund Management S.A. now owns 38,710 shares of the construction company’s stock valued at $20,706,000 after purchasing an additional 5,658 shares during the last quarter. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at EMCOR Group

In other news, Director Robin A. Walker-Lee sold 1,325 shares of the business’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $677.22, for a total transaction of $897,316.50. Following the completion of the transaction, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.26% of the stock is currently owned by company insiders.

EMCOR Group Stock Down 1.0%

Shares of EME stock opened at $617.20 on Wednesday. The company has a market capitalization of $27.63 billion, a P/E ratio of 24.82 and a beta of 1.17. EMCOR Group, Inc. has a 12-month low of $320.89 and a 12-month high of $778.64. The firm has a 50-day moving average price of $638.08 and a 200 day moving average price of $616.68.

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

EMCOR Group announced that its Board of Directors has approved a stock repurchase program 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 programs are generally a sign that the company’s board believes its stock is undervalued.

EMCOR Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 30th. Stockholders of record on Wednesday, October 15th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Wednesday, October 15th. EMCOR Group’s dividend payout ratio (DPR) is currently 4.02%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on EME. Wall Street Zen downgraded shares of EMCOR Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 8th. William Blair initiated coverage on EMCOR Group in a research report on Thursday, September 11th. They issued an “outperform” rating on the stock. Zacks Research cut EMCOR Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 19th. DA Davidson raised their target price on EMCOR Group from $725.00 to $800.00 and gave the company a “buy” rating in a report on Friday, October 31st. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of EMCOR Group in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, EMCOR Group has a consensus rating of “Moderate Buy” and a consensus price target of $692.83.

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.