Scalar Gauge Management LLC Makes New Investment in EMCOR Group, Inc. $EME

Scalar Gauge Management LLC bought a new position in shares of EMCOR Group, Inc. (NYSE:EME) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 10,500 shares of the construction company’s stock, valued at approximately $6,820,000. EMCOR Group makes up about 3.5% of Scalar Gauge Management LLC’s holdings, making the stock its 12th biggest holding.

Other institutional investors also recently modified their holdings of the company. Great Lakes Advisors LLC grew its stake in EMCOR Group by 32.3% in the 1st quarter. Great Lakes Advisors LLC now owns 590 shares of the construction company’s stock valued at $218,000 after purchasing an additional 144 shares during the period. Geneos Wealth Management Inc. increased its holdings in EMCOR Group by 93.0% during the first quarter. Geneos Wealth Management Inc. now owns 220 shares of the construction company’s stock worth $81,000 after buying an additional 106 shares during the last quarter. Sivia Capital Partners LLC bought a new stake in EMCOR Group in the second quarter worth about $459,000. Ballentine Partners LLC purchased a new position in EMCOR Group in the second quarter valued at about $290,000. Finally, Independence Bank of Kentucky increased its stake in shares of EMCOR Group by 12.9% during the 2nd quarter. Independence Bank of Kentucky now owns 349 shares of the construction company’s stock worth $187,000 after purchasing an additional 40 shares during the last quarter. 92.59% of the stock is owned by institutional investors.

EMCOR Group Trading Up 2.0%

Shares of NYSE:EME opened at $707.95 on Tuesday. The company has a 50 day moving average of $635.30 and a 200 day moving average of $636.53. The stock has a market cap of $31.70 billion, a P/E ratio of 28.47 and a beta of 1.17. EMCOR Group, Inc. has a 12 month low of $320.89 and a 12 month high of $778.64.

EMCOR Group (NYSE:EME) last announced its quarterly earnings results on Thursday, October 30th. The construction company reported $6.57 EPS for the quarter, meeting the consensus estimate of $6.57. The firm had revenue of $4.30 billion during the quarter, compared to the consensus estimate of $4.27 billion. EMCOR Group had a net margin of 6.96% and a return on equity of 37.04%. The business’s quarterly revenue was up 16.4% compared to the same quarter last year. During the same period last year, the firm earned $5.80 EPS. EMCOR Group has set its FY 2025 guidance at 25.000-25.75 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 company also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Investors 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 yield of 0.2%. The ex-dividend date is Wednesday, January 14th. This is a positive change from EMCOR Group’s previous quarterly dividend of $0.25. EMCOR Group’s dividend payout ratio is presently 6.43%.

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

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Robert W. Baird set a $713.00 price objective on EMCOR Group in a report on Friday, October 31st. DA Davidson lifted their price objective on EMCOR Group from $725.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, October 31st. The Goldman Sachs Group upgraded EMCOR Group from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $495.00 to $676.00 in a research note on Tuesday, October 7th. Zacks Research lowered shares of EMCOR Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 19th. Finally, Stifel Nicolaus lifted their target price on shares of EMCOR Group from $713.00 to $754.00 and gave the stock a “buy” rating in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $698.83.

Insider Transactions at EMCOR Group

In other EMCOR Group 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 value of $897,316.50. Following the completion of the sale, the director owned 6,140 shares of the company’s stock, valued at $4,158,130.80. This represents a 17.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.26% 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.