Ceredex Value Advisors LLC Reduces Holdings in EMCOR Group, Inc. $EME

Ceredex Value Advisors LLC lessened its stake in EMCOR Group, Inc. (NYSE:EME) by 20.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,300 shares of the construction company’s stock after selling 10,325 shares during the period. Ceredex Value Advisors LLC owned 0.09% of EMCOR Group worth $25,527,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its position in EMCOR Group by 17.6% during the third quarter. Vanguard Group Inc. now owns 5,332,636 shares of the construction company’s stock worth $3,463,760,000 after buying an additional 798,975 shares during the period. Victory Capital Management Inc. raised its holdings in shares of EMCOR Group by 48.8% in the third quarter. Victory Capital Management Inc. now owns 949,360 shares of the construction company’s stock valued at $572,351,000 after buying an additional 311,474 shares during the last quarter. Norges Bank acquired a new stake in shares of EMCOR Group during the second quarter worth about $344,548,000. Burgundy Asset Management Ltd. increased its position in EMCOR Group by 2.9% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 530,457 shares of the construction company’s stock valued at $283,736,000 after acquiring an additional 14,935 shares during the period. Finally, Nordea Investment Management AB lifted its position in EMCOR Group by 3.1% during the 3rd quarter. Nordea Investment Management AB now owns 407,292 shares of the construction company’s stock worth $262,206,000 after acquiring an additional 12,182 shares during the period. Institutional investors and hedge funds own 92.59% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on EME shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of EMCOR Group in a report on Wednesday, January 21st. Stifel Nicolaus boosted their price objective on shares of EMCOR Group from $754.00 to $814.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. 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 research report on Friday, February 27th. UBS Group raised their target price on shares of EMCOR Group from $900.00 to $945.00 and gave the stock a “buy” rating in a research note on Friday. Finally, DA Davidson lifted their target price on shares of EMCOR Group from $800.00 to $900.00 and gave the company a “buy” rating in a report on Friday, February 27th. Eight research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $773.83.

Insiders Place Their Bets

In other EMCOR Group news, CEO Anthony Guzzi sold 36,000 shares of the stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $729.48, for a total transaction of $26,261,280.00. Following the transaction, the chief executive officer owned 170,299 shares of the company’s stock, valued at $124,229,714.52. This represents a 17.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 1.26% of the company’s stock.

EMCOR Group Trading Up 1.7%

Shares of NYSE EME opened at $718.10 on Tuesday. The company’s 50-day moving average price is $720.55 and its 200 day moving average price is $669.67. EMCOR Group, Inc. has a 52 week low of $320.89 and a 52 week high of $835.00. The stock has a market cap of $31.98 billion, a price-to-earnings ratio of 25.44 and a beta of 1.16.

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, topping analysts’ consensus estimates of $6.68 by $0.51. The company 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 for the quarter was up 19.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $6.32 earnings per share. EMCOR Group has set its FY 2026 guidance at 27.250-29.250 EPS. As a group, research analysts expect that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 30th. Shareholders of record on Wednesday, January 14th were issued a $0.40 dividend. This is a boost from EMCOR Group’s previous quarterly dividend of $0.25. The ex-dividend date was Wednesday, January 14th. This represents a $1.60 annualized dividend and a yield of 0.2%. EMCOR Group’s payout ratio is presently 5.67%.

EMCOR Group declared that its board has approved a stock buyback plan on Thursday, December 18th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the construction company to purchase up to 1.9% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its stock is 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.