EMCOR Group, Inc. $EME Stake Cut by Cooper Financial Group

Cooper Financial Group lessened its holdings in EMCOR Group, Inc. (NYSE:EME) by 51.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 778 shares of the construction company’s stock after selling 829 shares during the quarter. Cooper Financial Group’s holdings in EMCOR Group were worth $476,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of EMCOR Group by 17.6% during the third quarter. Vanguard Group Inc. now owns 5,332,636 shares of the construction company’s stock worth $3,463,760,000 after purchasing an additional 798,975 shares during the period. State Street Corp boosted its holdings in shares of EMCOR Group by 15.2% in the 3rd quarter. State Street Corp now owns 1,852,991 shares of the construction company’s stock valued at $1,203,592,000 after buying an additional 244,494 shares during the period. Victory Capital Management Inc. grew its position in shares of EMCOR Group by 48.8% during the 3rd quarter. Victory Capital Management Inc. now owns 949,360 shares of the construction company’s stock valued at $572,351,000 after buying an additional 311,474 shares during the last quarter. Norges Bank bought a new stake in shares of EMCOR Group during the 2nd quarter valued at about $344,548,000. Finally, AQR Capital Management LLC raised its stake in EMCOR Group by 0.9% during the third quarter. AQR Capital Management LLC now owns 627,507 shares of the construction company’s stock worth $405,295,000 after acquiring an additional 5,488 shares during the period. Institutional investors own 92.59% of the company’s stock.

EMCOR Group Stock Performance

NYSE:EME opened at $726.57 on Monday. The stock has a market cap of $32.36 billion, a price-to-earnings ratio of 25.74 and a beta of 1.16. EMCOR Group, Inc. has a 1 year low of $320.89 and a 1 year high of $835.00. The business has a fifty day moving average of $737.03 and a 200-day moving average of $676.41.

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

EMCOR Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Wednesday, January 14th were paid a $0.40 dividend. The ex-dividend date of this dividend was Wednesday, January 14th. This represents a $1.60 dividend on an annualized basis and a dividend 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 currently 5.67%.

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

Analysts Set New Price Targets

A number of brokerages have issued reports on EME. Stifel Nicolaus raised their target price on shares of EMCOR Group from $754.00 to $814.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Robert W. Baird upped their target price on EMCOR Group from $713.00 to $808.00 and gave the company an “outperform” rating in a report on Friday, February 27th. Weiss Ratings reiterated a “buy (b)” rating on shares of EMCOR Group in a research report on Wednesday, January 21st. Cantor Fitzgerald started coverage on EMCOR Group in a report on Tuesday, March 10th. They issued an “overweight” rating and a $848.00 price target on the stock. Finally, UBS Group boosted their price objective on EMCOR Group from $900.00 to $945.00 and gave the company a “buy” rating in a research report on Friday, March 6th. Nine analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, EMCOR Group presently has a consensus rating of “Moderate Buy” and an average price target of $784.43.

Insider Buying and Selling at EMCOR Group

In other 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 completion of the transaction, the chief executive officer directly owned 170,299 shares in the company, valued at $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 SEC, which is accessible through this link. Corporate 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.