Impact Capital Partners LLC Lowers Position in EMCOR Group, Inc. $EME

Impact Capital Partners LLC decreased its stake in EMCOR Group, Inc. (NYSE:EME) by 30.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,857 shares of the construction company’s stock after selling 805 shares during the quarter. Impact Capital Partners LLC’s holdings in EMCOR Group were worth $1,206,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. B. Riley Wealth Advisors Inc. bought a new stake in EMCOR Group in the 2nd quarter valued at $995,000. Exchange Traded Concepts LLC bought a new position in shares of EMCOR Group during the 3rd quarter valued at about $528,000. Pinnbrook Capital Management LP purchased a new position in shares of EMCOR Group during the second quarter valued at about $1,510,000. Nomura Asset Management Co. Ltd. lifted its position in shares of EMCOR Group by 4.4% in the second quarter. Nomura Asset Management Co. Ltd. now owns 21,345 shares of the construction company’s stock worth $11,417,000 after buying an additional 894 shares in the last quarter. Finally, Nordea Investment Management AB boosted its stake in EMCOR Group by 63.8% during the second quarter. Nordea Investment Management AB now owns 395,110 shares of the construction company’s stock valued at $210,278,000 after buying an additional 153,948 shares during the last quarter. Institutional investors 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 business’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $677.22, for a total value of $897,316.50. Following the completion of the sale, the director directly owned 6,140 shares of the company’s stock, 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 at this hyperlink. 0.83% of the stock is owned by insiders.

Analysts Set New Price Targets

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

EMCOR Group Price Performance

EMCOR Group stock opened at $660.20 on Thursday. The firm has a market capitalization of $29.56 billion, a P/E ratio of 26.55 and a beta of 1.17. EMCOR Group, Inc. has a 1-year low of $320.89 and a 1-year high of $778.64. The company’s 50-day moving average is $625.52 and its 200 day moving average is $627.23.

EMCOR Group (NYSE:EME) last released its earnings results on Thursday, October 30th. The construction company reported $6.57 EPS for the quarter, meeting analysts’ consensus estimates of $6.57. EMCOR Group had a return on equity of 37.04% and a net margin of 6.96%.The firm had revenue of $4.30 billion for the quarter, compared to analysts’ expectations of $4.27 billion. During the same quarter in the prior year, the firm posted $5.80 earnings per share. The company’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. Research analysts anticipate that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group announced that its Board of Directors has authorized a stock buyback program on Thursday, December 18th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the construction company to purchase up to 1.9% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s management believes its shares are undervalued.

EMCOR Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Wednesday, January 14th will be issued a $0.40 dividend. The ex-dividend date 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 dividend yield of 0.2%. EMCOR Group’s dividend payout ratio (DPR) is currently 4.02%.

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.