Nordea Investment Management AB Acquires 12,182 Shares of EMCOR Group, Inc. $EME

Nordea Investment Management AB increased its holdings in EMCOR Group, Inc. (NYSE:EME) by 3.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 407,292 shares of the construction company’s stock after purchasing an additional 12,182 shares during the period. Nordea Investment Management AB owned approximately 0.91% of EMCOR Group worth $262,206,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Kiker Wealth Management LLC boosted its stake in shares of EMCOR Group by 4.9% during the 3rd quarter. Kiker Wealth Management LLC now owns 2,738 shares of the construction company’s stock worth $1,778,000 after acquiring an additional 128 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. bought a new position in shares of EMCOR Group in the 3rd quarter valued at approximately $1,206,000. Sumitomo Mitsui Trust Group Inc. lifted its holdings in EMCOR Group by 7.4% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 101,960 shares of the construction company’s stock worth $66,227,000 after purchasing an additional 7,021 shares during the last quarter. MGO One Seven LLC lifted its holdings in EMCOR Group by 9.5% in the 3rd quarter. MGO One Seven LLC now owns 3,038 shares of the construction company’s stock worth $1,973,000 after purchasing an additional 263 shares during the last quarter. Finally, Bayforest Capital Ltd boosted its position in EMCOR Group by 308.9% during the third quarter. Bayforest Capital Ltd now owns 229 shares of the construction company’s stock worth $149,000 after purchasing an additional 173 shares during the period. 92.59% of the stock is owned by institutional investors and hedge funds.

Insider Activity at EMCOR Group

In other news, Director Robin A. Walker-Lee sold 1,325 shares of EMCOR Group stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $677.22, for a total transaction of $897,316.50. Following the sale, the director owned 6,140 shares of the company’s stock, valued at approximately $4,158,130.80. This trade represents a 17.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.26% of the company’s stock.

EMCOR Group Price Performance

Shares of EMCOR Group stock opened at $670.33 on Wednesday. The company has a market cap of $30.01 billion, a PE ratio of 26.95 and a beta of 1.17. The firm has a fifty day moving average price of $625.82 and a two-hundred day moving average price of $627.00. EMCOR Group, Inc. has a fifty-two week low of $320.89 and a fifty-two week high of $778.64.

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

EMCOR Group announced that its board has authorized a share buyback program on Thursday, December 18th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the construction company to reacquire up to 1.9% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors 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. Shareholders of record on Wednesday, January 14th will be issued a $0.40 dividend. This is a positive change from EMCOR Group’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Wednesday, January 14th. This represents a $1.60 annualized dividend and a yield of 0.2%. EMCOR Group’s payout ratio is currently 6.43%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on EME shares. The Goldman Sachs Group raised shares of EMCOR Group from a “sell” rating to a “neutral” rating and lifted their price target for the company from $495.00 to $676.00 in a research report on Tuesday, October 7th. Stifel Nicolaus raised their target price on shares of EMCOR Group from $692.00 to $718.00 and gave the company a “buy” rating in a research note on Monday, October 13th. DA Davidson boosted their target price on shares of EMCOR Group from $725.00 to $800.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Robert W. Baird set a $713.00 price target on shares of EMCOR Group in a report on Friday, October 31st. Finally, Wall Street Zen lowered EMCOR Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 8th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $692.83.

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.