Livforsakringsbolaget Skandia Omsesidigt Acquires 8,420 Shares of EMCOR Group, Inc. $EME

Livforsakringsbolaget Skandia Omsesidigt increased its holdings in EMCOR Group, Inc. (NYSE:EME) by 97.7% in the third quarter, Holdings Channel reports. The institutional investor owned 17,039 shares of the construction company’s stock after buying an additional 8,420 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in EMCOR Group were worth $11,067,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in EME. Asahi Life Asset Management CO. LTD. acquired a new stake in shares of EMCOR Group during the 3rd quarter worth $445,000. Machina Capital S.A.S. bought a new position in shares of EMCOR Group in the third quarter worth $1,074,000. Donoghue Forlines LLC acquired a new position in EMCOR Group in the third quarter valued at about $2,221,000. B. Riley Wealth Advisors Inc. acquired a new position in EMCOR Group in the second quarter valued at about $995,000. Finally, Exchange Traded Concepts LLC bought a new stake in EMCOR Group during the third quarter worth about $528,000. 92.59% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other EMCOR Group news, CEO Anthony Guzzi sold 36,000 shares of the company’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 sale, the chief executive officer owned 170,299 shares in the company, valued at approximately $124,229,714.52. The trade was a 17.45% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 1.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. DA Davidson increased their price objective on shares of EMCOR Group from $800.00 to $900.00 and gave the stock a “buy” rating in a research note on Friday, February 27th. Zacks Research cut shares of EMCOR Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 19th. 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 report on Friday, February 27th. Weiss Ratings reiterated a “buy (b)” rating on shares of EMCOR Group in a research report on Wednesday, January 21st. Finally, 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 report on Monday, March 2nd. Nine analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $784.43.

EMCOR Group Price Performance

EME opened at $728.69 on Wednesday. EMCOR Group, Inc. has a fifty-two week low of $320.89 and a fifty-two week high of $835.00. The company’s 50 day moving average price is $731.18 and its two-hundred day moving average price is $673.93. The firm has a market capitalization of $32.45 billion, a price-to-earnings ratio of 25.81 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 (EPS) for the quarter, beating the consensus estimate of $6.68 by $0.51. The firm had revenue of $4.51 billion during the quarter, compared to the consensus estimate of $4.28 billion. EMCOR Group had a net margin of 7.49% and a return on equity of 35.89%. The company’s revenue for the quarter was up 19.7% on a year-over-year basis. During the same quarter last year, the firm earned $6.32 earnings per share. EMCOR Group has set its FY 2026 guidance at 27.250-29.250 EPS. As a group, equities research analysts predict that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group declared that its board has approved a share buyback program on Thursday, December 18th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the construction company to purchase up to 1.9% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.

EMCOR Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 30th. Shareholders of record on Wednesday, January 14th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend 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 presently 5.67%.

About EMCOR Group

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.