Clark Capital Management Group Inc. Has $115 Million Stake in EMCOR Group, Inc. $EME

Clark Capital Management Group Inc. lowered its position in shares of EMCOR Group, Inc. (NYSE:EME) by 5.6% during the third quarter, Holdings Channel.com reports. The firm owned 177,043 shares of the construction company’s stock after selling 10,490 shares during the quarter. EMCOR Group accounts for 0.7% of Clark Capital Management Group Inc.’s portfolio, making the stock its 29th biggest holding. Clark Capital Management Group Inc.’s holdings in EMCOR Group were worth $114,997,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in EME. Ausdal Financial Partners Inc. bought a new position in EMCOR Group during the 3rd quarter worth $511,000. Banco Bilbao Vizcaya Argentaria S.A. bought a new position in EMCOR Group during the third quarter worth about $855,000. Bridgefront Capital LLC acquired a new stake in EMCOR Group in the 3rd quarter worth about $1,270,000. California Public Employees Retirement System grew its position in shares of EMCOR Group by 2.8% during the 3rd quarter. California Public Employees Retirement System now owns 96,149 shares of the construction company’s stock worth $62,453,000 after purchasing an additional 2,613 shares in the last quarter. Finally, Bank of Nova Scotia increased its holdings in shares of EMCOR Group by 85.0% during the third quarter. Bank of Nova Scotia now owns 8,446 shares of the construction company’s stock worth $5,486,000 after purchasing an additional 3,881 shares during the period. 92.59% of the stock is currently owned by institutional investors.

EMCOR Group Stock Performance

Shares of NYSE:EME opened at $710.78 on Friday. The firm has a market cap of $31.65 billion, a PE ratio of 25.18 and a beta of 1.16. The firm’s fifty day moving average is $728.25 and its 200-day moving average is $672.17. EMCOR Group, Inc. has a 52 week low of $320.89 and a 52 week high of $835.00.

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 business had revenue of $4.51 billion during the quarter, compared to the consensus estimate of $4.28 billion. EMCOR Group had a return on equity of 35.89% and a net margin of 7.49%.EMCOR Group’s quarterly revenue was up 19.7% on a year-over-year basis. During the same period in the prior year, the business posted $6.32 earnings per share. EMCOR Group has set its FY 2026 guidance at 27.250-29.250 EPS. Sell-side analysts forecast that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group announced that its board has authorized a share repurchase plan on Thursday, December 18th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the construction company to reacquire up to 1.9% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board believes its stock is undervalued.

EMCOR Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Wednesday, January 14th were paid a $0.40 dividend. 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. This represents a $1.60 annualized dividend and a dividend yield of 0.2%. EMCOR Group’s payout ratio is currently 5.67%.

Insider Buying and Selling at EMCOR Group

In other news, CEO Anthony Guzzi sold 36,000 shares of the firm’s stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $729.48, for a total transaction 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 trade represents a 17.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.83% of the company’s stock.

Wall Street Analysts Forecast Growth

EME has been the subject of several analyst reports. Robert W. Baird lifted their price objective on EMCOR Group from $713.00 to $808.00 and gave the company an “outperform” rating in a report on Friday, February 27th. UBS Group boosted their price target on EMCOR Group from $900.00 to $945.00 and gave the company a “buy” rating in a research note on Friday, March 6th. Zacks Research lowered shares of EMCOR Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 19th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of EMCOR Group in a report on Wednesday, January 21st. Finally, Stifel Nicolaus lifted their price objective on shares of EMCOR Group from $754.00 to $814.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Nine research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $784.43.

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.