Gibraltar Capital Management Inc. Sells 1,452 Shares of EMCOR Group, Inc. $EME

Gibraltar Capital Management Inc. lowered its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 12.0% during the 3rd quarter, HoldingsChannel reports. The fund owned 10,656 shares of the construction company’s stock after selling 1,452 shares during the period. EMCOR Group comprises 1.2% of Gibraltar Capital Management Inc.’s portfolio, making the stock its 26th biggest holding. Gibraltar Capital Management Inc.’s holdings in EMCOR Group were worth $6,922,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in EME. Quent Capital LLC purchased a new stake in EMCOR Group during the 3rd quarter worth about $29,000. Tobam increased its position in shares of EMCOR Group by 1,900.0% during the second quarter. Tobam now owns 80 shares of the construction company’s stock valued at $43,000 after buying an additional 76 shares during the period. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of EMCOR Group in the second quarter worth about $43,000. Hazlett Burt & Watson Inc. boosted its position in shares of EMCOR Group by 37.5% in the second quarter. Hazlett Burt & Watson Inc. now owns 110 shares of the construction company’s stock valued at $59,000 after acquiring an additional 30 shares during the period. Finally, True Wealth Design LLC grew its stake in EMCOR Group by 333.3% during the third quarter. True Wealth Design LLC now owns 91 shares of the construction company’s stock valued at $59,000 after acquiring an additional 70 shares in the last quarter. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

EMCOR Group Stock Performance

EMCOR Group stock opened at $699.15 on Friday. EMCOR Group, Inc. has a fifty-two week low of $320.89 and a fifty-two week high of $778.64. The stock has a market cap of $31.30 billion, a P/E ratio of 28.11 and a beta of 1.17. The firm’s fifty day moving average price is $627.09 and its 200-day moving average price is $628.75.

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. EMCOR Group had a net margin of 6.96% and a return on equity of 37.04%. The company had revenue of $4.30 billion during the quarter, compared to analyst estimates of $4.27 billion. During the same period in the previous year, the business earned $5.80 earnings per share. The firm’s quarterly revenue was up 16.4% compared to the same quarter last year. EMCOR Group has set its FY 2025 guidance at 25.000-25.75 EPS. On average, analysts predict that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group announced that its Board of Directors has initiated a share buyback plan on Thursday, December 18th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the construction company to reacquire up to 1.9% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

EMCOR Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Wednesday, January 14th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis 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 presently 6.43%.

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 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 of the company’s stock, valued at $4,158,130.80. This represents a 17.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.83% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

EME has been the subject of several analyst reports. Zacks Research downgraded shares of EMCOR Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 19th. DA Davidson increased 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. Weiss Ratings restated a “buy (b)” rating on shares of EMCOR Group in a research report on Wednesday, October 8th. Wall Street Zen lowered EMCOR Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 8th. Finally, Stifel Nicolaus lifted their price target on EMCOR Group from $692.00 to $718.00 and gave the company a “buy” rating in a research report on Monday, October 13th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $692.83.

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.