7,791 Shares in EMCOR Group, Inc. $EME Acquired by Thames Capital Management LLC

Thames Capital Management LLC acquired a new stake in shares of EMCOR Group, Inc. (NYSE:EME) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 7,791 shares of the construction company’s stock, valued at approximately $5,061,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. B. Riley Wealth Advisors Inc. purchased a new position in EMCOR Group in the second quarter worth about $995,000. Exchange Traded Concepts LLC purchased a new position in shares of EMCOR Group in the 3rd quarter worth approximately $528,000. Pinnbrook Capital Management LP bought a new position in shares of EMCOR Group during the 2nd quarter valued at approximately $1,510,000. Nordea Investment Management AB increased its position in shares of EMCOR Group by 63.8% during the 2nd quarter. Nordea Investment Management AB now owns 395,110 shares of the construction company’s stock valued at $210,278,000 after purchasing an additional 153,948 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its holdings in EMCOR Group by 4.4% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 21,345 shares of the construction company’s stock valued at $11,417,000 after buying an additional 894 shares during the period. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on EME shares. Zacks Research cut shares of EMCOR Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 19th. Wall Street Zen lowered EMCOR Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 8th. Stifel Nicolaus lifted their target price on EMCOR Group from $692.00 to $718.00 and gave the stock a “buy” rating in a research report on Monday, October 13th. Weiss Ratings reissued a “buy (b)” rating on shares of EMCOR Group in a research note on Wednesday, October 8th. Finally, The Goldman Sachs Group upgraded EMCOR Group from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $495.00 to $676.00 in a report on Tuesday, October 7th. One research 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $692.83.

Insider Buying and Selling

In related 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 transaction of $897,316.50. Following the sale, the director directly owned 6,140 shares of the company’s stock, valued at approximately $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 SEC, which is available at this hyperlink. Corporate insiders own 0.83% of the company’s stock.

EMCOR Group Price Performance

EMCOR Group stock opened at $681.92 on Friday. EMCOR Group, Inc. has a 1-year low of $320.89 and a 1-year high of $778.64. The business has a fifty day moving average price of $626.09 and a 200-day moving average price of $627.61. The stock has a market capitalization of $30.53 billion, a price-to-earnings ratio of 27.42 and a beta of 1.17.

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

EMCOR Group Increases Dividend

The business 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. The ex-dividend date of this dividend is Wednesday, January 14th. This is a boost from EMCOR Group’s previous quarterly dividend of $0.25. This represents a $1.60 dividend on an annualized basis and a yield of 0.2%. EMCOR Group’s dividend payout ratio is presently 6.43%.

EMCOR Group declared that its board has initiated 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 purchase up to 1.9% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

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.