New Mexico Educational Retirement Board Lowers Holdings in EMCOR Group, Inc. $EME

New Mexico Educational Retirement Board reduced its stake in EMCOR Group, Inc. (NYSE:EME) by 78.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,000 shares of the construction company’s stock after selling 7,300 shares during the period. New Mexico Educational Retirement Board’s holdings in EMCOR Group were worth $1,299,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. CTC Alternative Strategies Ltd. purchased a new position in shares of EMCOR Group in the 3rd quarter worth about $390,000. Value Aligned Research Advisors LLC purchased a new stake in EMCOR Group during the 3rd quarter valued at about $17,654,000. Swiss Life Asset Management Ltd increased its stake in EMCOR Group by 3.0% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 23,099 shares of the construction company’s stock valued at $15,004,000 after purchasing an additional 667 shares in the last quarter. Investment Research Partners LLC bought a new stake in EMCOR Group during the 3rd quarter valued at about $197,000. Finally, Cambria Investment Management L.P. raised its holdings in EMCOR Group by 6.8% in the third quarter. Cambria Investment Management L.P. now owns 742 shares of the construction company’s stock worth $482,000 after buying an additional 47 shares during the last quarter. 92.59% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Stifel Nicolaus increased their price target on shares of EMCOR Group from $754.00 to $814.00 and gave the company a “buy” rating in a report on Monday, March 2nd. UBS Group boosted their price objective on shares of EMCOR Group from $900.00 to $945.00 and gave the stock a “buy” rating in a report on Friday, March 6th. Robert W. Baird upped their price objective on EMCOR Group from $713.00 to $808.00 and gave the company an “outperform” rating in a research report on Friday, February 27th. DA Davidson increased their target price on EMCOR Group from $800.00 to $900.00 and gave the company a “buy” rating in a research note on Friday, February 27th. Finally, Cantor Fitzgerald started coverage on EMCOR Group in a research note on Tuesday, March 10th. They issued an “overweight” rating and a $848.00 price target for the company. Nine equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $784.43.

EMCOR Group Stock Performance

EMCOR Group stock opened at $726.57 on Friday. EMCOR Group, Inc. has a one year low of $320.89 and a one year high of $835.00. The stock has a fifty day moving average of $737.03 and a 200 day moving average of $676.07. The stock has a market cap of $32.35 billion, a PE ratio of 25.74 and a beta of 1.16.

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

EMCOR Group Increases Dividend

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

EMCOR Group declared that its board has authorized a stock buyback plan on Thursday, December 18th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the construction company to repurchase up to 1.9% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board believes its shares are undervalued.

Insider Buying and Selling

In other EMCOR Group news, CEO Anthony Guzzi sold 36,000 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 170,299 shares in the company, valued at approximately $124,229,714.52. This trade represents a 17.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.83% of the company’s stock.

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.