EMCOR Group, Inc. $EME Shares Bought by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. grew its position in EMCOR Group, Inc. (NYSE:EME) by 74.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,964 shares of the construction company’s stock after purchasing an additional 838 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in EMCOR Group were worth $1,276,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. B. Riley Wealth Advisors Inc. purchased a new position in shares of EMCOR Group during the second quarter worth $995,000. Exchange Traded Concepts LLC purchased a new position in shares of EMCOR Group during the 3rd quarter valued at about $528,000. Pinnbrook Capital Management LP acquired a new position in shares of EMCOR Group in the 2nd quarter valued at about $1,510,000. Nordea Investment Management AB boosted its stake in shares of EMCOR Group by 63.8% in the second quarter. Nordea Investment Management AB now owns 395,110 shares of the construction company’s stock worth $210,278,000 after buying an additional 153,948 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its holdings in EMCOR Group by 4.4% during the second quarter. Nomura Asset Management Co. Ltd. now owns 21,345 shares of the construction company’s stock worth $11,417,000 after acquiring an additional 894 shares during the period. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

EMCOR Group Stock Performance

Shares of NYSE EME opened at $646.80 on Friday. The firm has a fifty day moving average of $625.76 and a 200 day moving average of $623.26. The firm has a market cap of $28.96 billion, a PE ratio of 26.01 and a beta of 1.17. EMCOR Group, Inc. has a one year low of $320.89 and a one year high of $778.64.

EMCOR Group (NYSE:EME) last announced its earnings results on Thursday, October 30th. The construction company reported $6.57 earnings per share (EPS) for the quarter, meeting the consensus estimate of $6.57. The business had revenue of $4.30 billion for the quarter, compared to analyst estimates of $4.27 billion. EMCOR Group had a net margin of 6.96% and a return on equity of 37.04%. The company’s revenue for the quarter was up 16.4% compared to the same quarter last year. During the same quarter last year, the business earned $5.80 earnings per share. EMCOR Group has set its FY 2025 guidance at 25.000-25.75 EPS. On average, equities analysts predict that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Wednesday, January 14th will be paid a dividend of $0.40 per share. This is an increase from EMCOR Group’s previous quarterly dividend of $0.25. The ex-dividend date is Wednesday, January 14th. This represents a $1.60 annualized dividend and a yield of 0.2%. EMCOR Group’s dividend payout ratio (DPR) is presently 4.02%.

EMCOR Group declared that its board has approved a stock buyback plan on Thursday, December 18th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the construction company to purchase up to 1.9% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its shares are undervalued.

Analysts Set New Price Targets

A number of brokerages have issued reports on EME. The Goldman Sachs Group raised EMCOR Group from a “sell” rating to a “neutral” rating and boosted their price target for the company from $495.00 to $676.00 in a report on Tuesday, October 7th. Zacks Research cut shares of EMCOR Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 19th. Robert W. Baird set a $713.00 price target on shares of EMCOR Group in a report on Friday, October 31st. DA Davidson lifted their price objective on shares of EMCOR Group from $725.00 to $800.00 and gave the company a “buy” rating in a report on Friday, October 31st. Finally, Stifel Nicolaus increased their target price on shares of EMCOR Group from $692.00 to $718.00 and gave the stock a “buy” rating in a research note on Monday, October 13th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $692.83.

Insider Activity at EMCOR Group

In other news, Director Robin A. Walker-Lee sold 1,325 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $677.22, for a total value of $897,316.50. Following the transaction, the director owned 6,140 shares in the company, valued at $4,158,130.80. This trade represents a 17.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.83% of the stock is owned by insiders.

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.