WBI Investments LLC Buys 994 Shares of EMCOR Group, Inc. $EME

WBI Investments LLC grew its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 144.7% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 1,681 shares of the construction company’s stock after acquiring an additional 994 shares during the quarter. WBI Investments LLC’s holdings in EMCOR Group were worth $1,092,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of EME. Vanguard Group Inc. boosted its position in shares of EMCOR Group by 17.6% during the 3rd quarter. Vanguard Group Inc. now owns 5,332,636 shares of the construction company’s stock worth $3,463,760,000 after acquiring an additional 798,975 shares in the last quarter. State Street Corp lifted its position in shares of EMCOR Group by 15.2% during the 3rd quarter. State Street Corp now owns 1,852,991 shares of the construction company’s stock worth $1,203,592,000 after buying an additional 244,494 shares during the last quarter. Victory Capital Management Inc. raised its stake in EMCOR Group by 48.8% during the third quarter. Victory Capital Management Inc. now owns 949,360 shares of the construction company’s stock worth $572,351,000 after acquiring an additional 311,474 shares in the last quarter. Norges Bank acquired a new stake in shares of EMCOR Group in the 2nd quarter valued at approximately $344,548,000. Finally, AQR Capital Management LLC lifted its stake in EMCOR Group by 0.9% in the 3rd quarter. AQR Capital Management LLC now owns 627,507 shares of the construction company’s stock valued at $405,295,000 after purchasing an additional 5,488 shares during the last quarter. 92.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently weighed in on EME. DA Davidson raised their price objective on EMCOR Group from $800.00 to $900.00 and gave the company a “buy” rating in a report on Friday, February 27th. Zacks Research cut shares of EMCOR Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 19th. UBS Group upped their price target on EMCOR Group from $900.00 to $945.00 and gave the company a “buy” rating in a research report on Friday, March 6th. Cantor Fitzgerald began coverage on shares of EMCOR Group in a research report on Tuesday, March 10th. They set an “overweight” rating and a $848.00 target price for the company. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of EMCOR Group in a research note on Wednesday, January 21st. Nine investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, EMCOR Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $784.43.

Insider Transactions at EMCOR Group

In related news, CEO Anthony Guzzi sold 36,000 shares of EMCOR Group stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $729.48, for a total value of $26,261,280.00. Following the completion of the sale, the chief executive officer owned 170,299 shares of the company’s stock, valued at approximately $124,229,714.52. This trade represents a 17.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.26% of the company’s stock.

EMCOR Group Stock Up 0.3%

NYSE:EME opened at $728.69 on Wednesday. The firm has a market capitalization of $32.45 billion, a P/E ratio of 25.81 and a beta of 1.16. EMCOR Group, Inc. has a twelve month low of $320.89 and a twelve month high of $835.00. The company has a fifty day moving average of $731.18 and a 200-day moving average of $673.93.

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

EMCOR Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Wednesday, January 14th were given a dividend of $0.40 per share. 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 dividend on an annualized basis and a dividend yield of 0.2%. EMCOR Group’s payout ratio is currently 5.67%.

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

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.