WASHINGTON TRUST Co Increases Holdings in EMCOR Group, Inc. $EME

WASHINGTON TRUST Co raised its holdings in shares of EMCOR Group, Inc. (NYSE:EME) by 5.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 20,594 shares of the construction company’s stock after acquiring an additional 1,112 shares during the quarter. WASHINGTON TRUST Co’s holdings in EMCOR Group were worth $13,377,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in EME. Signaturefd LLC boosted its holdings in EMCOR Group by 3.0% in the third quarter. Signaturefd LLC now owns 557 shares of the construction company’s stock valued at $362,000 after purchasing an additional 16 shares in the last quarter. Woodward Diversified Capital LLC lifted its position in shares of EMCOR Group by 2.4% during the 3rd quarter. Woodward Diversified Capital LLC now owns 760 shares of the construction company’s stock worth $494,000 after buying an additional 18 shares during the last quarter. Cornerstone Investment Partners LLC boosted its holdings in shares of EMCOR Group by 0.9% in the 3rd quarter. Cornerstone Investment Partners LLC now owns 1,938 shares of the construction company’s stock valued at $1,259,000 after buying an additional 18 shares in the last quarter. Altus Wealth Group LLC grew its position in shares of EMCOR Group by 1.4% in the 3rd quarter. Altus Wealth Group LLC now owns 1,495 shares of the construction company’s stock valued at $971,000 after buying an additional 20 shares during the last quarter. Finally, Prospera Financial Services Inc raised its stake in EMCOR Group by 0.7% during the 3rd quarter. Prospera Financial Services Inc now owns 2,769 shares of the construction company’s stock worth $1,799,000 after acquiring an additional 20 shares in the last quarter. Institutional investors and hedge funds own 92.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on EME shares. Robert W. Baird upped their price objective on shares of EMCOR Group from $713.00 to $808.00 and gave the company an “outperform” rating in a research note on Friday. Weiss Ratings restated a “buy (b)” rating on shares of EMCOR Group in a research note on Wednesday, January 21st. Wall Street Zen cut EMCOR Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 8th. Stifel Nicolaus increased their price target on shares of EMCOR Group from $713.00 to $754.00 and gave the company a “buy” rating in a report on Monday, January 26th. Finally, DA Davidson upped their target price on EMCOR Group from $800.00 to $900.00 and gave the company a “buy” rating in a report on Friday. Eight equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $731.33.

EMCOR Group Price Performance

NYSE:EME opened at $724.93 on Monday. EMCOR Group, Inc. has a 1-year low of $320.89 and a 1-year high of $835.00. The firm has a 50-day moving average of $708.44 and a two-hundred day moving average of $664.71. The stock has a market cap of $32.28 billion, a P/E ratio of 25.68 and a beta of 1.16.

EMCOR Group (NYSE:EME) last announced its quarterly earnings data on Thursday, February 26th. The construction company reported $7.19 earnings per share for the quarter, topping the consensus estimate of $6.68 by $0.51. EMCOR Group had a net margin of 7.49% and a return on equity of 35.89%. The company had revenue of $4.51 billion during the quarter, compared to analyst estimates of $4.28 billion. During the same period last year, the business earned $6.32 EPS. The firm’s revenue for the quarter was up 19.7% compared to the same quarter last year. EMCOR Group has set its FY 2026 guidance at 27.250-29.250 EPS. As a group, equities analysts expect that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 30th. Shareholders of record on Wednesday, January 14th were paid a $0.40 dividend. The ex-dividend date was Wednesday, January 14th. This is a positive change from EMCOR Group’s previous quarterly dividend of $0.25. This represents a $1.60 dividend on an annualized basis and a yield of 0.2%. EMCOR Group’s dividend payout ratio (DPR) is 5.67%.

EMCOR Group announced that its Board of Directors has approved a stock repurchase plan on Thursday, December 18th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the construction company to reacquire up to 1.9% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

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.