Scalar Gauge Management LLC Takes Position in EMCOR Group, Inc. $EME

Scalar Gauge Management LLC bought a new stake in EMCOR Group, Inc. (NYSE:EME) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 10,500 shares of the construction company’s stock, valued at approximately $6,820,000. EMCOR Group comprises approximately 3.5% of Scalar Gauge Management LLC’s portfolio, making the stock its 12th largest position.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Great Lakes Advisors LLC lifted its position in EMCOR Group by 32.3% in 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 during the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of EMCOR Group by 93.0% in the first quarter. Geneos Wealth Management Inc. now owns 220 shares of the construction company’s stock worth $81,000 after purchasing an additional 106 shares during the last quarter. Sivia Capital Partners LLC purchased a new position in shares of EMCOR Group in the second quarter worth $459,000. Ballentine Partners LLC purchased a new stake in EMCOR Group during the 2nd quarter valued at $290,000. Finally, Independence Bank of Kentucky grew its holdings in EMCOR Group by 12.9% in the 2nd quarter. Independence Bank of Kentucky now owns 349 shares of the construction company’s stock worth $187,000 after acquiring an additional 40 shares during the last quarter. 92.59% of the stock is currently owned by institutional investors.

Insider Activity at EMCOR Group

In related news, Director Robin A. Walker-Lee sold 1,325 shares of the firm’s 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 transaction, the director directly owned 6,140 shares of the company’s stock, valued at approximately $4,158,130.80. This trade represents a 17.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.26% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms have recently weighed in on EME. Robert W. Baird set a $713.00 target price on shares of EMCOR Group in a report on Friday, October 31st. DA Davidson lifted their price objective on EMCOR Group from $725.00 to $800.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Stifel Nicolaus raised their price target on EMCOR Group from $713.00 to $754.00 and gave the stock a “buy” rating in a research note on Monday. Wall Street Zen downgraded shares of EMCOR Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 8th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of EMCOR Group in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, EMCOR Group currently has an average rating of “Moderate Buy” and an average price target of $698.83.

EMCOR Group Stock Performance

Shares of NYSE EME opened at $707.95 on Tuesday. The company has a 50 day simple moving average of $635.30 and a two-hundred day simple moving average of $636.53. EMCOR Group, Inc. has a fifty-two week low of $320.89 and a fifty-two week high of $778.64. The company has a market capitalization of $31.70 billion, a price-to-earnings ratio of 28.47 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. 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 quarter last year, the company earned $5.80 EPS. The firm’s revenue for the quarter was up 16.4% on a year-over-year basis. EMCOR Group has set its FY 2025 guidance at 25.000-25.75 EPS. On average, analysts forecast that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group announced that its board has initiated a stock buyback program on Thursday, December 18th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the construction company to purchase up to 1.9% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s management believes its stock is undervalued.

EMCOR Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Wednesday, January 14th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a 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 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.