Mutual of America Capital Management LLC Cuts Stake in EMCOR Group, Inc. $EME

Mutual of America Capital Management LLC lessened its holdings in shares of EMCOR Group, Inc. (NYSE:EME) by 51.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,054 shares of the construction company’s stock after selling 17,316 shares during the period. Mutual of America Capital Management LLC’s holdings in EMCOR Group were worth $10,428,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Donoghue Forlines LLC acquired a new position in shares of EMCOR Group during the third quarter valued at about $2,221,000. B. Riley Wealth Advisors Inc. acquired a new position in EMCOR Group during the 2nd quarter valued at approximately $995,000. Exchange Traded Concepts LLC purchased a new position in shares of EMCOR Group in the third quarter worth $528,000. Pinnbrook Capital Management LP acquired a new stake in shares of EMCOR Group during the second quarter worth $1,510,000. Finally, Nordea Investment Management AB grew its holdings in shares of EMCOR Group by 63.8% during the second quarter. Nordea Investment Management AB now owns 395,110 shares of the construction company’s stock valued at $210,278,000 after buying an additional 153,948 shares during the last quarter. 92.59% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at EMCOR Group

In other news, Director Robin A. Walker-Lee sold 1,325 shares of the company’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 transaction of $897,316.50. Following the completion of the transaction, the director directly owned 6,140 shares of the company’s stock, valued at $4,158,130.80. This represents a 17.75% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 1.26% of the stock is currently owned by insiders.

EMCOR Group Price Performance

EME opened at $707.95 on Tuesday. The stock has a market cap of $31.70 billion, a P/E ratio of 28.47 and a beta of 1.17. The firm has a fifty day moving average price of $635.30 and a 200 day moving average price of $636.53. EMCOR Group, Inc. has a 1 year low of $320.89 and a 1 year high of $778.64.

EMCOR Group (NYSE:EME) last issued its quarterly earnings data on Thursday, October 30th. The construction company reported $6.57 earnings per share for the quarter, hitting analysts’ consensus estimates of $6.57. EMCOR Group had a net margin of 6.96% and a return on equity of 37.04%. The business had revenue of $4.30 billion during the quarter, compared to the consensus estimate of $4.27 billion. During the same quarter in the prior year, the firm posted $5.80 earnings per share. The company’s revenue was up 16.4% compared to the same quarter last year. EMCOR Group has set its FY 2025 guidance at 25.000-25.75 EPS. Equities analysts expect that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group announced that its board has approved a share repurchase program on Thursday, December 18th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the construction company to reacquire up to 1.9% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.

EMCOR Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Wednesday, January 14th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.2%. This is a boost from EMCOR Group’s previous quarterly dividend of $0.25. The ex-dividend date is Wednesday, January 14th. EMCOR Group’s dividend payout ratio (DPR) is presently 6.43%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on EME shares. The Goldman Sachs Group raised EMCOR Group from a “sell” rating to a “neutral” rating and lifted their price target for the stock from $495.00 to $676.00 in a research report on Tuesday, October 7th. Wall Street Zen lowered EMCOR Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 8th. Stifel Nicolaus raised their price target on shares of EMCOR Group from $713.00 to $754.00 and gave the stock a “buy” rating in a research report on Monday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of EMCOR Group in a report on Wednesday, January 21st. Finally, DA Davidson raised their target price on shares of EMCOR Group from $725.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $698.83.

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.