EMCOR Group, Inc. $EME Shares Sold by Vestcor Inc

Vestcor Inc trimmed its stake in EMCOR Group, Inc. (NYSE:EME) by 18.3% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 3,612 shares of the construction company’s stock after selling 811 shares during the period. Vestcor Inc’s holdings in EMCOR Group were worth $2,346,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in the stock. Main Street Group LTD lifted its stake in EMCOR Group by 110.0% during the 3rd quarter. Main Street Group LTD now owns 42 shares of the construction company’s stock worth $27,000 after acquiring an additional 22 shares in the last quarter. Quent Capital LLC purchased a new stake in EMCOR Group during the 3rd quarter worth about $29,000. Orion Capital Management LLC purchased a new position in shares of EMCOR Group during the third quarter worth about $31,000. Tobam grew its position in shares of EMCOR Group by 1,900.0% during the second quarter. Tobam now owns 80 shares of the construction company’s stock worth $43,000 after acquiring an additional 76 shares during the last quarter. Finally, Twin Peaks Wealth Advisors LLC acquired a new position in EMCOR Group in the 2nd quarter valued at about $43,000. Hedge funds and other institutional investors own 92.59% of the company’s stock.

EMCOR Group Stock Performance

EME opened at $723.64 on Wednesday. The company has a market capitalization of $32.22 billion, a PE ratio of 25.63 and a beta of 1.16. EMCOR Group, Inc. has a one year low of $320.89 and a one year high of $835.00. The stock’s fifty day moving average is $722.68 and its 200-day moving average is $670.47.

EMCOR Group (NYSE:EME) last posted its quarterly earnings data 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. The firm had revenue of $4.51 billion for the quarter, compared to the consensus estimate of $4.28 billion. EMCOR Group had a return on equity of 35.89% and a net margin of 7.49%.The business’s revenue for the quarter was up 19.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $6.32 EPS. EMCOR Group has set its FY 2026 guidance at 27.250-29.250 EPS. On average, equities research analysts forecast that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

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

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 given a $0.40 dividend. 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. The ex-dividend date of this dividend was Wednesday, January 14th. EMCOR Group’s payout ratio is currently 5.67%.

Insider Activity at EMCOR Group

In related news, CEO Anthony Guzzi sold 36,000 shares of the business’s stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $729.48, for a total transaction of $26,261,280.00. Following the transaction, the chief executive officer directly owned 170,299 shares of the company’s stock, valued at approximately $124,229,714.52. The trade was a 17.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on EME shares. Weiss Ratings reiterated a “buy (b)” rating on shares of EMCOR Group in a research report on Wednesday, January 21st. Zacks Research lowered shares of EMCOR Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 19th. DA Davidson raised their target price on shares of EMCOR Group from $800.00 to $900.00 and gave the stock a “buy” rating in a research report on Friday, February 27th. Stifel Nicolaus lifted their target price 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. Finally, UBS Group raised their price target on shares of EMCOR Group from $900.00 to $945.00 and gave the company a “buy” rating in a report on Friday. Nine investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $784.43.

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.