Victory Capital Management Inc. Has $572.35 Million Stock Holdings in EMCOR Group, Inc. $EME

Victory Capital Management Inc. boosted its position in shares of EMCOR Group, Inc. (NYSE:EME) by 48.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 949,360 shares of the construction company’s stock after acquiring an additional 311,474 shares during the period. Victory Capital Management Inc. owned approximately 2.12% of EMCOR Group worth $572,351,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the company. Main Street Group LTD raised its stake in shares of EMCOR Group by 110.0% in the third quarter. Main Street Group LTD now owns 42 shares of the construction company’s stock valued at $27,000 after purchasing an additional 22 shares in the last quarter. Quent Capital LLC bought a new stake in EMCOR Group in the 3rd quarter valued at $29,000. Orion Capital Management LLC bought a new stake in EMCOR Group in the 3rd quarter valued at $31,000. Tobam raised its stake in shares of EMCOR Group by 1,900.0% in the 2nd quarter. Tobam now owns 80 shares of the construction company’s stock valued at $43,000 after buying an additional 76 shares in the last quarter. Finally, Twin Peaks Wealth Advisors LLC bought a new position in shares of EMCOR Group during the 2nd quarter worth about $43,000. Institutional investors own 92.59% of the company’s stock.

EMCOR Group Price Performance

Shares of EME opened at $736.49 on Tuesday. The company has a market capitalization of $32.80 billion, a P/E ratio of 26.09 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 business’s 50 day simple moving average is $710.75 and its 200-day simple moving average is $665.60.

EMCOR Group (NYSE:EME) last released its quarterly earnings results on Thursday, February 26th. The construction company reported $7.19 earnings per share for the quarter, beating analysts’ consensus estimates of $6.68 by $0.51. The firm had revenue of $4.51 billion during the quarter, compared to analysts’ expectations 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 was up 19.7% on a year-over-year basis. During the same period last year, the firm posted $6.32 EPS. EMCOR Group has set its FY 2026 guidance at 27.250-29.250 EPS. On average, sell-side analysts anticipate that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 30th. Shareholders of record on Wednesday, January 14th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Wednesday, January 14th. This represents a $1.60 dividend on an annualized basis and a yield of 0.2%. This is an increase from EMCOR Group’s previous quarterly dividend of $0.25. EMCOR Group’s payout ratio is currently 5.67%.

EMCOR Group announced that its board has approved 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 repurchase up to 1.9% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on EME. Stifel Nicolaus set a $814.00 target price on shares of EMCOR Group in a research note on Monday. Zacks Research downgraded EMCOR Group from a “strong-buy” rating to a “hold” rating in a 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. DA Davidson raised their target price on EMCOR Group from $800.00 to $900.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Robert W. Baird upped their price target on EMCOR Group from $713.00 to $808.00 and gave the company an “outperform” rating in a research report on Friday. Eight research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $741.33.

EMCOR Group Company 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.