EMCOR Group, Inc. $EME Stock Position Reduced by Burgundy Asset Management Ltd.

Burgundy Asset Management Ltd. decreased its position in EMCOR Group, Inc. (NYSE:EME) by 16.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 443,982 shares of the construction company’s stock after selling 86,475 shares during the period. EMCOR Group accounts for approximately 2.6% of Burgundy Asset Management Ltd.’s investment portfolio, making the stock its 4th largest position. Burgundy Asset Management Ltd. owned 0.99% of EMCOR Group worth $275,269,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Signaturefd LLC grew its position in EMCOR Group by 3.0% in the third quarter. Signaturefd LLC now owns 557 shares of the construction company’s stock worth $362,000 after acquiring an additional 16 shares during the period. Woodward Diversified Capital LLC lifted its stake in shares of EMCOR Group by 2.4% in the 3rd quarter. Woodward Diversified Capital LLC now owns 760 shares of the construction company’s stock valued at $494,000 after purchasing an additional 18 shares during the last quarter. Cornerstone Investment Partners LLC grew its holdings in shares of EMCOR Group by 0.9% during the 3rd quarter. Cornerstone Investment Partners LLC now owns 1,938 shares of the construction company’s stock worth $1,259,000 after purchasing an additional 18 shares during the period. Altus Wealth Group LLC increased its position in shares of EMCOR Group by 1.4% during the 3rd quarter. Altus Wealth Group LLC now owns 1,495 shares of the construction company’s stock worth $971,000 after purchasing an additional 20 shares during the last quarter. Finally, Prospera Financial Services Inc increased its position in shares of EMCOR Group by 0.7% during the 3rd quarter. Prospera Financial Services Inc now owns 2,769 shares of the construction company’s stock worth $1,799,000 after purchasing an additional 20 shares during the last quarter. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of EMCOR Group in a research report on Wednesday, January 21st. Robert W. Baird upped their price objective on shares of EMCOR Group from $713.00 to $808.00 and gave the stock an “outperform” rating in a report on Friday, February 27th. Stifel Nicolaus increased their price objective on shares of EMCOR Group from $754.00 to $814.00 and gave the stock a “buy” rating in a research report on Monday. DA Davidson boosted their target price on EMCOR Group from $800.00 to $900.00 and gave the company a “buy” rating in a research report on Friday, February 27th. Finally, Zacks Research lowered EMCOR Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 19th. Eight equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $741.33.

EMCOR Group Stock Up 0.6%

EMCOR Group stock opened at $740.77 on Thursday. EMCOR Group, Inc. has a 52-week low of $320.89 and a 52-week high of $835.00. The firm has a market cap of $32.99 billion, a PE ratio of 26.24 and a beta of 1.16. The company’s 50 day moving average is $715.23 and its two-hundred day moving average is $667.03.

EMCOR Group (NYSE:EME) last posted its quarterly earnings data on Thursday, February 26th. The construction company reported $7.19 earnings per share for the quarter, topping analysts’ consensus estimates of $6.68 by $0.51. The business had revenue of $4.51 billion for the quarter, compared to analyst estimates of $4.28 billion. EMCOR Group had a return on equity of 35.89% and a net margin of 7.49%.The company’s revenue was up 19.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $6.32 earnings per share. EMCOR Group has set its FY 2026 guidance at 27.250-29.250 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 disclosed a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Wednesday, January 14th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Wednesday, January 14th. This is a boost from EMCOR Group’s previous quarterly dividend of $0.25. EMCOR Group’s dividend payout ratio (DPR) is 5.67%.

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

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.