LGT Group Foundation Acquires 2,645 Shares of EMCOR Group, Inc. $EME

LGT Group Foundation boosted its holdings in shares of EMCOR Group, Inc. (NYSE:EME) by 22.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,340 shares of the construction company’s stock after purchasing an additional 2,645 shares during the quarter. LGT Group Foundation’s holdings in EMCOR Group were worth $9,392,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of EME. Signaturefd LLC raised 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 valued at $362,000 after buying an additional 16 shares in the last quarter. Woodward Diversified Capital LLC lifted 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 acquiring an additional 18 shares during the last quarter. Cornerstone Investment Partners LLC grew its position in EMCOR Group by 0.9% in the third 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 in the last quarter. Altus Wealth Group LLC grew its position in 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 acquiring an additional 20 shares in the last quarter. Finally, Prospera Financial Services Inc increased its stake in EMCOR Group by 0.7% during the third 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 last quarter. Institutional investors own 92.59% of the company’s stock.

EMCOR Group Price Performance

Shares of NYSE:EME opened at $705.74 on Monday. EMCOR Group, Inc. has a 1 year low of $320.89 and a 1 year high of $835.00. The business has a 50 day simple moving average of $718.67 and a two-hundred day simple moving average of $668.91. The firm has a market capitalization of $31.43 billion, a PE ratio of 25.00 and a beta of 1.16.

EMCOR Group (NYSE:EME) last released its 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. 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 for the quarter, compared to analysts’ expectations of $4.28 billion. During the same quarter in the prior year, the firm posted $6.32 earnings per share. The company’s quarterly revenue was up 19.7% on a year-over-year basis. EMCOR Group has set its FY 2026 guidance at 27.250-29.250 EPS. Equities research analysts expect that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Increases Dividend

The firm also recently announced 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 is a positive change from EMCOR Group’s previous quarterly dividend of $0.25. This represents a $1.60 dividend on an annualized basis and a yield of 0.2%. EMCOR Group’s payout ratio is 5.67%.

EMCOR Group announced that its Board of Directors has initiated a share buyback plan on Thursday, December 18th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the construction company to purchase up to 1.9% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on EME. UBS Group upped 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. Robert W. Baird boosted their target price on EMCOR Group from $713.00 to $808.00 and gave the company an “outperform” rating in a research report on Friday, February 27th. DA Davidson increased their price target on EMCOR Group from $800.00 to $900.00 and gave the company a “buy” rating in a report on Friday, February 27th. Zacks Research downgraded EMCOR Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 19th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of EMCOR Group in a research note on Wednesday, January 21st. Eight analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $773.83.

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.