New York State Teachers Retirement System Has $33.16 Million Stock Holdings in EMCOR Group, Inc. $EME

New York State Teachers Retirement System trimmed its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 10.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 51,049 shares of the construction company’s stock after selling 5,818 shares during the quarter. New York State Teachers Retirement System owned 0.11% of EMCOR Group worth $33,158,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of the stock. Tobam lifted its holdings 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 acquiring an additional 76 shares during the period. Twin Peaks Wealth Advisors LLC bought a new position in EMCOR Group during the 2nd quarter valued at about $43,000. Harbor Investment Advisory LLC boosted its position in EMCOR Group by 110.0% in the second quarter. Harbor Investment Advisory LLC now owns 105 shares of the construction company’s stock valued at $56,000 after buying an additional 55 shares in the last quarter. Hazlett Burt & Watson Inc. increased its holdings in shares of EMCOR Group by 37.5% during the second quarter. Hazlett Burt & Watson Inc. now owns 110 shares of the construction company’s stock worth $59,000 after buying an additional 30 shares in the last quarter. Finally, True Wealth Design LLC increased its holdings in shares of EMCOR Group by 333.3% during the third quarter. True Wealth Design LLC now owns 91 shares of the construction company’s stock worth $59,000 after buying an additional 70 shares in the last quarter. Institutional investors and hedge funds own 92.59% of the company’s stock.

Insiders Place Their Bets

In other EMCOR Group news, Director Robin A. Walker-Lee sold 1,325 shares of the stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $677.22, for a total value of $897,316.50. Following the sale, the director directly owned 6,140 shares in the company, valued at approximately $4,158,130.80. This trade represents a 17.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.26% of the stock is owned by insiders.

EMCOR Group Stock Performance

Shares of EMCOR Group stock opened at $661.18 on Tuesday. The firm has a fifty day moving average of $625.50 and a two-hundred day moving average of $626.02. The stock has a market capitalization of $29.60 billion, a price-to-earnings ratio of 26.59 and a beta of 1.17. EMCOR Group, Inc. has a 52 week low of $320.89 and a 52 week high of $778.64.

EMCOR Group (NYSE:EME) last announced its quarterly earnings data on Thursday, October 30th. The construction company reported $6.57 EPS for the quarter, hitting analysts’ consensus estimates of $6.57. EMCOR Group had a return on equity of 37.04% and a net margin of 6.96%.The business had revenue of $4.30 billion during the quarter, compared to analysts’ expectations of $4.27 billion. During the same period in the previous year, the firm 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. As a group, research analysts forecast that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group declared that its Board of Directors has initiated a stock 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 repurchase up to 1.9% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

EMCOR Group Increases Dividend

The company also recently declared 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. The ex-dividend date is Wednesday, January 14th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.2%. This is a positive change from EMCOR Group’s previous quarterly dividend of $0.25. EMCOR Group’s dividend payout ratio is 4.02%.

Analysts Set New Price Targets

A number of research firms recently commented on EME. Stifel Nicolaus increased their price target on EMCOR Group from $692.00 to $718.00 and gave the stock a “buy” rating in a research report on Monday, October 13th. DA Davidson increased their target price on EMCOR Group from $725.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Weiss Ratings reiterated a “buy (b)” rating on shares of EMCOR Group in a research report on Wednesday, October 8th. Zacks Research cut shares of EMCOR Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 19th. Finally, The Goldman Sachs Group raised shares of EMCOR Group from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $495.00 to $676.00 in a research note on Tuesday, October 7th. 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 company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.