Cwm LLC Boosts Stock Holdings in EMCOR Group, Inc. $EME

Cwm LLC grew its holdings in EMCOR Group, Inc. (NYSE:EME) by 72.6% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 14,325 shares of the construction company’s stock after buying an additional 6,026 shares during the quarter. Cwm LLC’s holdings in EMCOR Group were worth $9,305,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of EME. Canada Pension Plan Investment Board raised its holdings in EMCOR Group by 23.4% during the 1st quarter. Canada Pension Plan Investment Board now owns 44,900 shares of the construction company’s stock valued at $16,596,000 after acquiring an additional 8,500 shares during the period. Quarry LP bought a new stake in shares of EMCOR Group during the 1st quarter valued at $308,000. Focus Partners Advisor Solutions LLC lifted its holdings in EMCOR Group by 90.6% during the 1st quarter. Focus Partners Advisor Solutions LLC now owns 1,336 shares of the construction company’s stock worth $494,000 after purchasing an additional 635 shares in the last quarter. Amundi boosted its stake in EMCOR Group by 71.8% in the 1st quarter. Amundi now owns 220,495 shares of the construction company’s stock worth $78,174,000 after purchasing an additional 92,180 shares during the period. Finally, Advisors Asset Management Inc. grew its holdings in EMCOR Group by 3.6% during the 1st quarter. Advisors Asset Management Inc. now owns 30,559 shares of the construction company’s stock valued at $11,296,000 after buying an additional 1,065 shares in the last quarter. 92.59% of the stock is owned by institutional investors.

Insider Buying and Selling at EMCOR Group

In related news, Director Robin A. Walker-Lee sold 1,325 shares of the business’s stock in a transaction that occurred 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 owned 6,140 shares in the company, valued at $4,158,130.80. The trade was a 17.75% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 1.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on EME shares. DA Davidson increased their price target on shares of EMCOR Group from $725.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Stifel Nicolaus upped their target price on shares of EMCOR Group from $692.00 to $718.00 and gave the stock a “buy” rating in a report on Monday, October 13th. The Goldman Sachs Group raised shares of EMCOR Group from a “sell” rating to a “neutral” rating and raised their price target for the company from $495.00 to $676.00 in a report on Tuesday, October 7th. William Blair began coverage on shares of EMCOR Group in a research report on Thursday, September 11th. They set an “outperform” rating for the company. Finally, Zacks Research downgraded EMCOR Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 19th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $692.83.

EMCOR Group Price Performance

EME stock opened at $623.99 on Tuesday. The firm has a 50 day simple moving average of $639.55 and a two-hundred day simple moving average of $615.70. The stock has a market cap of $27.94 billion, a PE ratio of 25.09 and a beta of 1.17. EMCOR Group, Inc. has a one year low of $320.89 and a one year high of $778.64.

EMCOR Group (NYSE:EME) last announced its earnings results on Thursday, October 30th. The construction company reported $6.57 earnings per share (EPS) for the quarter, hitting the consensus estimate of $6.57. The company had revenue of $4.30 billion during the quarter, compared to analyst estimates of $4.27 billion. EMCOR Group had a net margin of 6.96% and a return on equity of 37.04%. The firm’s quarterly revenue was up 16.4% compared to the same quarter last year. During the same period in the previous year, the business earned $5.80 earnings per share. EMCOR Group has set its FY 2025 guidance at 25.000-25.75 EPS. On average, research analysts expect that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

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

EMCOR Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 30th. Stockholders of record on Wednesday, October 15th were given a dividend of $0.25 per share. The ex-dividend date was Wednesday, October 15th. This represents a $1.00 annualized dividend and a dividend yield of 0.2%. EMCOR Group’s dividend payout ratio is 4.02%.

EMCOR Group 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.