EMCOR Group, Inc. $EME Shares Sold by Securian Asset Management Inc.

Securian Asset Management Inc. decreased its position in EMCOR Group, Inc. (NYSE:EME) by 36.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,174 shares of the construction company’s stock after selling 1,235 shares during the quarter. Securian Asset Management Inc.’s holdings in EMCOR Group were worth $1,412,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of EME. B. Riley Wealth Advisors Inc. acquired a new position in EMCOR Group in the second quarter valued at $995,000. Exchange Traded Concepts LLC acquired a new stake in shares of EMCOR Group during the third quarter worth about $528,000. Pinnbrook Capital Management LP purchased a new position in shares of EMCOR Group during the second quarter worth about $1,510,000. Nomura Asset Management Co. Ltd. increased its position in EMCOR Group by 4.4% in 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 acquiring an additional 894 shares during the period. Finally, Nordea Investment Management AB raised its stake in 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 acquiring an additional 153,948 shares during the last quarter. 92.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. DA Davidson upped their price target on EMCOR Group from $725.00 to $800.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Stifel Nicolaus boosted their price target on shares of EMCOR Group from $692.00 to $718.00 and gave the stock a “buy” rating in a research note on Monday, October 13th. Zacks Research cut shares of EMCOR Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 19th. Robert W. Baird set a $713.00 price objective on EMCOR Group in a report on Friday, October 31st. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of EMCOR Group in a research note on Wednesday, October 8th. One 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’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $692.83.

Insider Transactions at EMCOR Group

In other EMCOR Group news, Director Robin A. Walker-Lee sold 1,325 shares of EMCOR Group stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $677.22, for a total value of $897,316.50. Following the completion of the sale, the director owned 6,140 shares in the company, valued at $4,158,130.80. The trade was a 17.75% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.83% of the company’s stock.

EMCOR Group Stock Down 3.4%

NYSE:EME opened at $628.52 on Friday. EMCOR Group, Inc. has a 52-week low of $320.89 and a 52-week high of $778.64. The stock has a fifty day simple moving average of $626.34 and a 200-day simple moving average of $622.20. The company has a market capitalization of $28.14 billion, a PE ratio of 25.27 and a beta of 1.17.

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

EMCOR Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Wednesday, January 14th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.3%. This is a boost from EMCOR Group’s previous quarterly dividend of $0.25. The ex-dividend date is Wednesday, January 14th. EMCOR Group’s dividend payout ratio (DPR) is currently 4.02%.

EMCOR Group declared that its Board of Directors has authorized a share buyback plan on Thursday, December 18th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the construction company to buy up to 1.9% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s leadership believes its shares are 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.