EMCOR Group, Inc. $EME Shares Sold by Swiss National Bank

Swiss National Bank lessened its holdings in EMCOR Group, Inc. (NYSE:EME) by 6.3% during the third quarter, Holdings Channel.com reports. The firm owned 129,000 shares of the construction company’s stock after selling 8,700 shares during the quarter. Swiss National Bank’s holdings in EMCOR Group were worth $83,791,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of EME. Signaturefd LLC grew its holdings in EMCOR Group by 3.0% during 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 increased its holdings 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 in the last quarter. Cornerstone Investment Partners LLC lifted its stake in shares of EMCOR Group by 0.9% in the third quarter. Cornerstone Investment Partners LLC now owns 1,938 shares of the construction company’s stock valued at $1,259,000 after purchasing an additional 18 shares during the period. Altus Wealth Group LLC boosted its holdings in EMCOR Group by 1.4% during the third quarter. Altus Wealth Group LLC now owns 1,495 shares of the construction company’s stock worth $971,000 after buying an additional 20 shares in the last quarter. Finally, Prospera Financial Services Inc grew its holdings in shares of EMCOR Group by 0.7% in the 3rd quarter. Prospera Financial Services Inc now owns 2,769 shares of the construction company’s stock worth $1,799,000 after acquiring an additional 20 shares during the period. 92.59% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

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

Analyst Ratings Changes

EME has been the topic of a number of analyst reports. Cantor Fitzgerald assumed coverage on EMCOR Group in a report on Tuesday. They set an “overweight” rating and a $848.00 target price on the stock. Robert W. Baird upped their price target 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 upped their price target on EMCOR Group from $900.00 to $945.00 and gave the stock a “buy” rating in a research note on Friday. Zacks Research downgraded shares of EMCOR Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 19th. Finally, Stifel Nicolaus upped their price target on EMCOR Group from $754.00 to $814.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Nine analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $784.43.

EMCOR Group Price Performance

Shares of EME stock opened at $723.64 on Wednesday. The firm has a market capitalization of $32.22 billion, a price-to-earnings ratio of 25.63 and a beta of 1.16. EMCOR Group, Inc. has a 12-month low of $320.89 and a 12-month high of $835.00. The business has a 50 day simple moving average of $722.68 and a 200 day simple moving average of $670.47.

EMCOR Group (NYSE:EME) last released its 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. EMCOR Group had a return on equity of 35.89% and a net margin of 7.49%.The firm had revenue of $4.51 billion during the quarter, compared to the consensus estimate of $4.28 billion. During the same period in the prior year, the firm posted $6.32 earnings per share. The firm’s revenue for the quarter was up 19.7% compared to the same quarter last year. EMCOR Group has set its FY 2026 guidance at 27.250-29.250 EPS. On average, equities analysts anticipate that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group declared that its board has approved a share 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 stock is undervalued.

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 paid a $0.40 dividend. The ex-dividend date was Wednesday, January 14th. This represents a $1.60 annualized dividend and a yield of 0.2%. This is a boost from EMCOR Group’s previous quarterly dividend of $0.25. EMCOR Group’s dividend payout ratio (DPR) is currently 5.67%.

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.