Teachers Retirement System of The State of Kentucky Lowers Stock Position in EMCOR Group, Inc. $EME

Key Points

• Teachers Retirement System of the State of Kentucky cut its stake in EMCOR by 75.7% in Q3, selling 11,087 shares and retaining 3,550 shares worth $2.306 million at quarter-end.
• Several large institutions moved in the opposite direction—Vanguard added 798,975 shares (+17.6%) to hold 5,332,636 shares (~$3.46 billion) and other managers like Victory, Federated Hermes and American Century also materially increased positions, leaving institutional ownership at 92.59%.
• EMCOR posted an earnings beat (EPS $7.19 vs. $6.68) with revenue up 19.7% to $4.51 billion, set FY2026 guidance at 27.25–29.25 EPS, initiated a $500 million buyback and raised its quarterly dividend to $0.40.

Teachers Retirement System of The State of Kentucky decreased its position in EMCOR Group, Inc. (NYSE:EME - Free Report) by 75.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,550 shares of the construction company's stock after selling 11,087 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in EMCOR Group were worth $2,306,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of EMCOR Group by 17.6% in the 3rd quarter. Vanguard Group Inc. now owns 5,332,636 shares of the construction company's stock valued at $3,463,760,000 after purchasing an additional 798,975 shares in the last quarter. Norges Bank purchased a new stake in shares of EMCOR Group during the second quarter worth about $344,548,000. Victory Capital Management Inc. raised its position in shares of EMCOR Group by 48.8% during the 3rd quarter. Victory Capital Management Inc. now owns 949,360 shares of the construction company's stock worth $572,351,000 after purchasing an additional 311,474 shares during the last quarter. Federated Hermes Inc. lifted its stake in EMCOR Group by 56.4% in the 2nd quarter. Federated Hermes Inc. now owns 322,437 shares of the construction company's stock valued at $172,468,000 after buying an additional 116,289 shares in the last quarter. Finally, American Century Companies Inc. lifted its stake in EMCOR Group by 40.2% in the 2nd quarter. American Century Companies Inc. now owns 349,517 shares of the construction company's stock valued at $186,953,000 after buying an additional 100,144 shares in the last quarter. 92.59% of the stock is owned by hedge funds and other institutional investors.

EMCOR Group Trading Down 3.0%

Shares of NYSE:EME opened at $718.85 on Friday. The company has a market capitalization of $32.01 billion, a price-to-earnings ratio of 25.46 and a beta of 1.16. EMCOR Group, Inc. has a 12-month low of $320.89 and a 12-month high of $835.00. The business has a 50-day moving average price of $717.09 and a 200 day moving average price of $667.39.

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

EMCOR Group announced that its board has initiated a stock buyback plan on Thursday, December 18th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the construction company to reacquire up to 1.9% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's management believes its shares are undervalued.

EMCOR Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 30th. Shareholders of record on Wednesday, January 14th were paid 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 a positive change from EMCOR Group's previous quarterly dividend of $0.25. The ex-dividend date was Wednesday, January 14th. EMCOR Group's payout ratio is currently 5.67%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on EME. DA Davidson lifted their target price on shares of EMCOR Group from $800.00 to $900.00 and gave the stock a "buy" rating in a research note on Friday, February 27th. Weiss Ratings restated a "buy (b)" rating on shares of EMCOR Group in a research report on Wednesday, January 21st. Stifel Nicolaus increased their price objective on shares of EMCOR Group from $754.00 to $814.00 and gave the company a "buy" rating in a report on Monday. Robert W. Baird boosted their target price on EMCOR Group from $713.00 to $808.00 and gave the stock an "outperform" rating in a report on Friday, February 27th. Finally, Wall Street Zen lowered EMCOR Group from a "strong-buy" rating to a "buy" rating in a research report on Saturday, November 8th. Eight investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target 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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