MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Purchases 18,123 Shares of EMCOR Group, Inc. $EME

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in EMCOR Group, Inc. (NYSE:EME) by 6.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 320,416 shares of the construction company’s stock after acquiring an additional 18,123 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.72% of EMCOR Group worth $208,119,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Asahi Life Asset Management CO. LTD. bought a new position in shares of EMCOR Group in the third quarter worth approximately $445,000. Machina Capital S.A.S. bought a new stake in EMCOR Group during the third quarter valued at approximately $1,074,000. Donoghue Forlines LLC purchased a new position in EMCOR Group in the 3rd quarter worth approximately $2,221,000. B. Riley Wealth Advisors Inc. purchased a new position in EMCOR Group in the 2nd quarter worth approximately $995,000. Finally, Exchange Traded Concepts LLC bought a new position in shares of EMCOR Group in the 3rd quarter worth $528,000. 92.59% of the stock is owned by hedge funds and other institutional investors.

EMCOR Group Stock Performance

Shares of EMCOR Group stock opened at $727.58 on Tuesday. EMCOR Group, Inc. has a 52-week low of $320.89 and a 52-week high of $835.00. The company’s 50 day moving average price is $729.73 and its 200-day moving average price is $673.17. The stock has a market capitalization of $32.40 billion, a price-to-earnings ratio of 25.77 and a beta of 1.16.

EMCOR Group (NYSE:EME) last posted its quarterly earnings results on Thursday, February 26th. The construction company reported $7.19 EPS for the quarter, beating analysts’ consensus estimates of $6.68 by $0.51. The company had revenue of $4.51 billion during the quarter, compared to analyst estimates of $4.28 billion. EMCOR Group had a net margin of 7.49% and a return on equity of 35.89%. The firm’s revenue was up 19.7% compared to the same quarter last year. During the same period in the prior year, the business posted $6.32 EPS. EMCOR Group has set its FY 2026 guidance at 27.250-29.250 EPS. As a group, equities research analysts forecast that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Increases Dividend

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

EMCOR Group announced that its board has authorized a stock repurchase 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 typically an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on EME shares. Cantor Fitzgerald began coverage on shares of EMCOR Group in a report on Tuesday, March 10th. They set an “overweight” rating and a $848.00 price objective for the company. DA Davidson raised their price target on EMCOR Group from $800.00 to $900.00 and gave the company a “buy” rating in a research report on Friday, February 27th. Stifel Nicolaus lifted their price target on EMCOR Group from $754.00 to $814.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Zacks Research cut EMCOR Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 19th. Finally, UBS Group increased their price objective on EMCOR Group from $900.00 to $945.00 and gave the company a “buy” rating in a research report on Friday, March 6th. Nine research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $784.43.

Insider Buying and Selling at EMCOR Group

In other news, CEO Anthony Guzzi sold 36,000 shares of the business’s stock in a transaction that occurred 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 directly owned 170,299 shares of the company’s stock, valued at approximately $124,229,714.52. The trade was a 17.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.26% of the company’s stock.

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.