Martingale Asset Management L P Decreases Holdings in EMCOR Group, Inc. $EME

Martingale Asset Management L P decreased its stake in EMCOR Group, Inc. (NYSE:EME) by 23.2% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 27,866 shares of the construction company’s stock after selling 8,414 shares during the period. Martingale Asset Management L P’s holdings in EMCOR Group were worth $18,100,000 as of its most recent SEC filing.

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

EMCOR Group Stock Performance

Shares of EME opened at $709.50 on Friday. The company has a market capitalization of $31.59 billion, a PE ratio of 25.13 and a beta of 1.16. 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 $726.80 and its 200 day moving average price is $671.08.

EMCOR Group (NYSE:EME) last released its quarterly earnings data on Thursday, February 26th. The construction company reported $7.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.68 by $0.51. EMCOR Group had a net margin of 7.49% and a return on equity of 35.89%. The firm had revenue of $4.51 billion for the quarter, compared to analysts’ expectations of $4.28 billion. During the same quarter in the previous year, the company earned $6.32 earnings per share. The company’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 forecast 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%. This is an increase from EMCOR Group’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Wednesday, January 14th. EMCOR Group’s dividend payout ratio is 5.67%.

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

Analysts Set New Price Targets

EME has been the subject of a number of recent research reports. Stifel Nicolaus boosted their target price on EMCOR Group from $754.00 to $814.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Zacks Research lowered EMCOR Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 19th. DA Davidson increased their price target on EMCOR Group from $800.00 to $900.00 and gave the company a “buy” rating in a research note on Friday, February 27th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of EMCOR Group in a research note on Wednesday, January 21st. Finally, 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 report on Friday, March 6th. Nine analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $784.43.

Insider Buying and Selling

In related news, CEO Anthony Guzzi sold 36,000 shares of the company’s stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $729.48, for a total value of $26,261,280.00. Following the completion of the sale, the chief executive officer owned 170,299 shares in the company, valued at $124,229,714.52. This represents a 17.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.83% of the stock is currently owned by corporate insiders.

EMCOR Group 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.