Bank of Montreal Can Has $69.24 Million Stake in EMCOR Group, Inc. $EME

Key Points

• Bank of Montreal Can boosted its stake in EMCOR by 268.1%, owning 106,601 shares worth approximately $69.24 million at the end of the quarter.
• EMCOR beat Q results with $7.19 EPS vs. $6.68 expected and revenue of $4.51 billion vs. $4.28 billion, and the company set FY2026 guidance of 27.250–29.250 EPS while analysts retain a consensus "Moderate Buy" target of about $784.43.
• The board raised the quarterly dividend to $0.40 (annualized $1.60) and authorized a $500 million share buyback (roughly 1.9% of shares), even as CEO Anthony Guzzi sold 36,000 shares, trimming his stake.

Bank of Montreal Can increased its position in EMCOR Group, Inc. (NYSE:EME - Free Report) by 268.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 106,601 shares of the construction company's stock after purchasing an additional 77,643 shares during the period. Bank of Montreal Can owned approximately 0.24% of EMCOR Group worth $69,242,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. raised its holdings in EMCOR Group by 17.6% during the third quarter. Vanguard Group Inc. now owns 5,332,636 shares of the construction company's stock worth $3,463,760,000 after buying an additional 798,975 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of EMCOR Group by 48.8% in the third quarter. Victory Capital Management Inc. now owns 949,360 shares of the construction company's stock valued at $572,351,000 after buying an additional 311,474 shares in the last quarter. Norges Bank acquired a new position in shares of EMCOR Group during the second quarter valued at about $344,548,000. Burgundy Asset Management Ltd. increased its position in shares of EMCOR Group by 2.9% during the second quarter. Burgundy Asset Management Ltd. now owns 530,457 shares of the construction company's stock worth $283,736,000 after acquiring an additional 14,935 shares in the last quarter. Finally, Nordea Investment Management AB increased its position in shares of EMCOR Group by 3.1% during the third quarter. Nordea Investment Management AB now owns 407,292 shares of the construction company's stock worth $262,206,000 after acquiring an additional 12,182 shares in the last quarter. Institutional investors and hedge funds own 92.59% of the company's stock.

EMCOR Group Stock Performance

EMCOR Group stock opened at $709.50 on Friday. EMCOR Group, Inc. has a fifty-two week low of $320.89 and a fifty-two week high of $835.00. The firm's 50-day simple moving average is $726.80 and its 200 day simple moving average is $671.08. The stock has a market cap of $31.59 billion, a PE ratio of 25.13 and a beta of 1.16.

EMCOR Group (NYSE:EME - Get Free Report) last posted its earnings results on Thursday, February 26th. The construction company reported $7.19 EPS for the quarter, topping the consensus estimate of $6.68 by $0.51. EMCOR Group had a net margin of 7.49% and a return on equity of 35.89%. The firm had revenue of $4.51 billion for the quarter, compared to analysts' expectations of $4.28 billion. During the same quarter last year, the firm earned $6.32 EPS. The company's quarterly revenue was up 19.7% compared to the same quarter last year. EMCOR Group has set its FY 2026 guidance at 27.250-29.250 EPS. As a group, analysts predict that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 30th. Investors of record on Wednesday, January 14th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.2%. This is an increase from EMCOR Group's previous quarterly dividend of $0.25. The ex-dividend date was Wednesday, January 14th. EMCOR Group's dividend payout ratio is 5.67%.

EMCOR Group declared that its Board of Directors has authorized a share buyback program on Thursday, December 18th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the construction company to purchase up to 1.9% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's board believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on EME. UBS Group raised their price target on shares of EMCOR Group from $900.00 to $945.00 and gave the company a "buy" rating in a research report on Friday, March 6th. Weiss Ratings reissued a "buy (b)" rating on shares of EMCOR Group in a report on Wednesday, January 21st. DA Davidson increased their price objective on EMCOR Group from $800.00 to $900.00 and gave the stock a "buy" rating in a research note on Friday, February 27th. Stifel Nicolaus raised their target price on EMCOR Group from $754.00 to $814.00 and gave the company a "buy" rating in a report on Monday, March 2nd. Finally, Robert W. Baird lifted 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. Nine investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $784.43.

Insider Buying and Selling

In other EMCOR Group news, CEO Anthony Guzzi sold 36,000 shares of the business's stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $729.48, for a total value of $26,261,280.00. Following the transaction, the chief executive officer owned 170,299 shares of the company's stock, valued at approximately $124,229,714.52. The trade was a 17.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.83% of the company's stock.

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.

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