Voya Investment Management LLC Has $10.35 Million Stake in EMCOR Group, Inc. $EME

Voya Investment Management LLC trimmed its stake in EMCOR Group, Inc. (NYSE:EME) by 49.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,927 shares of the construction company’s stock after selling 15,384 shares during the period. Voya Investment Management LLC’s holdings in EMCOR Group were worth $10,345,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EME. Norges Bank bought a new stake in shares of EMCOR Group in the 2nd quarter worth about $344,548,000. New Vernon Capital Holdings II LLC acquired a new position in EMCOR Group in the first quarter valued at about $114,220,000. Jones Financial Companies Lllp grew its stake in EMCOR Group by 56,287.8% during the first quarter. Jones Financial Companies Lllp now owns 286,450 shares of the construction company’s stock worth $105,881,000 after buying an additional 285,942 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of EMCOR Group by 43.6% during the first quarter. AQR Capital Management LLC now owns 703,456 shares of the construction company’s stock worth $253,065,000 after buying an additional 213,631 shares in the last quarter. Finally, Nordea Investment Management AB raised 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 valued at $210,278,000 after acquiring an additional 153,948 shares during the last quarter. 92.59% of the stock is owned by institutional investors.

EMCOR Group Stock Up 0.6%

Shares of EME opened at $625.53 on Wednesday. The stock’s fifty day simple moving average is $644.86 and its 200-day simple moving average is $611.36. The firm has a market capitalization of $28.00 billion, a PE ratio of 25.15 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 released its earnings results on Thursday, October 30th. The construction company reported $6.57 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $6.57. The company had revenue of $4.30 billion for 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 company’s revenue was up 16.4% compared to the same quarter last year. During the same period in the prior year, the company posted $5.80 EPS. EMCOR Group has set its FY 2025 guidance at 25.000-25.75 EPS. Analysts anticipate that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group declared that its board has authorized a stock repurchase plan on Thursday, December 18th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the construction company to buy up to 1.9% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

EMCOR Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 30th. Shareholders of record on Wednesday, October 15th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend was Wednesday, October 15th. EMCOR Group’s payout ratio is currently 4.02%.

Insider Activity at EMCOR Group

In other news, Director Robin A. Walker-Lee sold 1,325 shares of the stock in a transaction 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 of the company’s stock, valued at $4,158,130.80. This represents a 17.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on EME shares. DA Davidson increased their price target on EMCOR Group from $725.00 to $800.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Zacks Research lowered EMCOR Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 19th. The Goldman Sachs Group upgraded EMCOR Group from a “sell” rating to a “neutral” rating and raised their target price for the company from $495.00 to $676.00 in a research note on Tuesday, October 7th. Stifel Nicolaus upped their price target on shares of EMCOR Group from $692.00 to $718.00 and gave the stock a “buy” rating in a research report on Monday, October 13th. Finally, William Blair assumed coverage on shares of EMCOR Group in a report on Thursday, September 11th. They set an “outperform” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $692.83.

EMCOR Group Company 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.