EMCOR Group, Inc. $EME Holdings Raised by Rafferty Asset Management LLC

Key Points

• Rafferty Asset Management increased its stake in EMCOR Group by 414.3% in Q3, holding 4,022 shares worth $2.61 million, while institutional investors now own about 92.6% of the stock.
• EMCOR beat quarterly expectations with $7.19 EPS (vs. $6.68) and $4.51B revenue (up 19.7% YoY), set FY2026 guidance of 27.25–29.25 EPS, and has seen multiple analysts raise price targets and ratings.
• The board authorized a $500 million share repurchase program (up to ~1.9% of shares) and raised the quarterly dividend to $0.40 (annualized $1.60), signaling capital-return confidence.

Rafferty Asset Management LLC raised its position in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 414.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,022 shares of the construction company's stock after buying an additional 3,240 shares during the quarter. Rafferty Asset Management LLC's holdings in EMCOR Group were worth $2,612,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Great Lakes Advisors LLC boosted its holdings in shares of EMCOR Group by 32.3% during the first quarter. Great Lakes Advisors LLC now owns 590 shares of the construction company's stock worth $218,000 after purchasing an additional 144 shares during the period. Geneos Wealth Management Inc. lifted its position in EMCOR Group by 93.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 220 shares of the construction company's stock worth $81,000 after buying an additional 106 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in shares of EMCOR Group during the 2nd quarter valued at $459,000. Bank of Montreal Can grew its holdings in shares of EMCOR Group by 115.8% during the 2nd quarter. Bank of Montreal Can now owns 28,958 shares of the construction company's stock valued at $15,489,000 after acquiring an additional 15,537 shares in the last quarter. Finally, Cassaday & Co Wealth Management LLC increased its stake in shares of EMCOR Group by 11.7% in the second quarter. Cassaday & Co Wealth Management LLC now owns 900 shares of the construction company's stock worth $481,000 after acquiring an additional 94 shares during the last quarter. 92.59% of the stock is owned by hedge funds and other institutional investors.

EMCOR Group Price Performance

EMCOR Group stock opened at $740.77 on Thursday. EMCOR Group, Inc. has a fifty-two week low of $320.89 and a fifty-two week high of $835.00. The firm has a fifty day moving average price of $715.23 and a two-hundred day moving average price of $667.03. The firm has a market cap of $32.99 billion, a price-to-earnings ratio of 26.24 and a beta of 1.16.

EMCOR Group (NYSE:EME - Get Free Report) last issued its quarterly earnings results on Thursday, February 26th. The construction company reported $7.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.68 by $0.51. EMCOR Group had a return on equity of 35.89% and a net margin of 7.49%.The company had revenue of $4.51 billion for the quarter, compared to the consensus estimate of $4.28 billion. During the same period last year, the business posted $6.32 earnings per share. The firm's 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, sell-side analysts expect that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group announced that its board has initiated a stock repurchase 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 stock through open market purchases. Stock repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued.

EMCOR Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 30th. Stockholders 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 dividend yield of 0.2%. This is a boost 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 presently 5.67%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on EME shares. Stifel Nicolaus lifted their price objective on EMCOR Group from $754.00 to $814.00 and gave the company a "buy" rating in a research report on Monday. DA Davidson lifted 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 report on Wednesday, November 19th. Robert W. Baird raised their price objective on shares of EMCOR Group from $713.00 to $808.00 and gave the company an "outperform" rating in a research report on Friday, February 27th. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of EMCOR Group in a research report on Wednesday, January 21st. Eight research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, EMCOR Group has an average rating of "Moderate Buy" and a consensus target price of $741.33.

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.

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