EMCOR Group, Inc. $EME Shares Acquired by HB Wealth Management LLC

HB Wealth Management LLC increased its holdings in EMCOR Group, Inc. (NYSE:EME) by 41.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,920 shares of the construction company’s stock after buying an additional 856 shares during the quarter. HB Wealth Management LLC’s holdings in EMCOR Group were worth $1,897,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Great Lakes Advisors LLC grew its stake in shares of EMCOR Group by 32.3% in the first quarter. Great Lakes Advisors LLC now owns 590 shares of the construction company’s stock worth $218,000 after purchasing an additional 144 shares in the last quarter. Focus Partners Wealth lifted its holdings in EMCOR Group by 36.5% in the first quarter. Focus Partners Wealth now owns 9,318 shares of the construction company’s stock worth $3,444,000 after purchasing an additional 2,491 shares during the period. Belpointe Asset Management LLC bought a new position in EMCOR Group in the 1st quarter valued at about $277,000. Geneos Wealth Management Inc. grew its position in EMCOR Group by 93.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 220 shares of the construction company’s stock valued at $81,000 after buying an additional 106 shares in the last quarter. Finally, Strs Ohio acquired a new position in EMCOR Group during the 1st quarter valued at about $7,338,000. Institutional investors own 92.59% of the company’s stock.

EMCOR Group Stock Performance

NYSE EME opened at $646.80 on Friday. EMCOR Group, Inc. has a 1 year low of $320.89 and a 1 year high of $778.64. The business’s fifty day moving average is $625.76 and its two-hundred day moving average is $624.11. The stock has a market capitalization of $28.95 billion, a P/E ratio of 26.01 and a beta of 1.17.

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

EMCOR Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Wednesday, January 14th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Wednesday, January 14th. This represents a $1.60 dividend on an annualized basis and a yield of 0.2%. This is an increase from EMCOR Group’s previous quarterly dividend of $0.25. EMCOR Group’s dividend payout ratio (DPR) is 6.43%.

EMCOR Group announced that its Board of Directors has approved a stock buyback plan on Thursday, December 18th that permits the company to repurchase $500.00 million in 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 often an indication that the company’s board believes its shares are undervalued.

Analysts Set New Price Targets

EME has been the subject of a number of research analyst reports. DA Davidson upped their price target on shares of EMCOR Group from $725.00 to $800.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Zacks Research downgraded EMCOR Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 19th. Wall Street Zen lowered EMCOR Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 8th. The Goldman Sachs Group raised EMCOR Group from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $495.00 to $676.00 in a research note on Tuesday, October 7th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of EMCOR Group in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $692.83.

Insider Transactions at EMCOR Group

In other EMCOR Group news, Director Robin A. Walker-Lee sold 1,325 shares of the company’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $677.22, for a total transaction of $897,316.50. Following the completion of the sale, the director directly owned 6,140 shares of the company’s stock, valued at approximately $4,158,130.80. This represents a 17.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.83% of the company’s stock.

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.