Wealth Enhancement Advisory Services LLC Has $7.24 Million Position in EMCOR Group, Inc. $EME

Wealth Enhancement Advisory Services LLC grew its holdings in EMCOR Group, Inc. (NYSE:EME) by 13.6% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,760 shares of the construction company’s stock after buying an additional 1,284 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in EMCOR Group were worth $7,242,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in EME. Great Lakes Advisors LLC boosted its holdings in EMCOR Group by 32.3% during the first quarter. Great Lakes Advisors LLC now owns 590 shares of the construction company’s stock valued at $218,000 after purchasing an additional 144 shares in the last quarter. Geneos Wealth Management Inc. raised its position in EMCOR Group by 93.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 220 shares of the construction company’s stock valued at $81,000 after purchasing an additional 106 shares during the last quarter. Sivia Capital Partners LLC bought a new stake in EMCOR Group during the 2nd quarter worth about $459,000. Ballentine Partners LLC acquired a new position in shares of EMCOR Group during the second quarter worth approximately $290,000. Finally, Public Employees Retirement System of Ohio boosted its holdings in EMCOR Group by 3.7% in the second quarter. Public Employees Retirement System of Ohio now owns 19,043 shares of the construction company’s stock valued at $10,186,000 after acquiring an additional 682 shares during the last quarter. 92.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

EME has been the subject of several analyst reports. Robert W. Baird set a $713.00 price target on shares of EMCOR Group in a research report on Friday, October 31st. DA Davidson raised their target price on EMCOR Group from $725.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Wall Street Zen downgraded EMCOR Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 8th. The Goldman Sachs Group raised shares of EMCOR Group from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $495.00 to $676.00 in a research report on Tuesday, October 7th. Finally, Zacks Research cut EMCOR Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 19th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, EMCOR Group 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 fifty day moving average of $633.37 and a 200-day moving average of $634.79. EMCOR Group, Inc. has a 52-week low of $320.89 and a 52-week high of $778.64. The company has a market capitalization of $31.11 billion, a PE ratio of 27.94 and a beta of 1.17.

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, meeting analysts’ consensus estimates of $6.57. The business had revenue of $4.30 billion during the quarter, compared to the consensus estimate of $4.27 billion. EMCOR Group had a return on equity of 37.04% and a net margin of 6.96%.EMCOR Group’s quarterly revenue was up 16.4% on a year-over-year basis. During the same period in the prior year, the business posted $5.80 earnings per share. EMCOR Group has set its FY 2025 guidance at 25.000-25.75 EPS. On average, equities analysts forecast that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Increases Dividend

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

EMCOR Group announced 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 reacquire up to 1.9% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s board believes its stock is undervalued.

Insider Transactions at EMCOR Group

In related news, Director Robin A. Walker-Lee sold 1,325 shares of the stock in a transaction 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 of the company’s stock, valued at approximately $4,158,130.80. This represents a 17.75% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.83% of the company’s stock.

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.