Wedge Capital Management L L P NC Sells 1,378 Shares of EMCOR Group, Inc. $EME

Key Points

• Wedge Capital Management L L P NC reduced its stake in EMCOR by 7.8% in Q4, selling 1,378 shares and finishing with 16,360 shares valued at about $10.01 million.
• CEO Anthony Guzzi sold 36,000 shares on March 5 at an average of $729.48 for roughly $26.26 million, trimming his holding by about 17.45%.
• EMCOR reported stronger-than-expected Q results (EPS $7.19 vs. $6.68; revenue $4.51B, +19.7% y/y), set FY2026 guidance of 27.25–29.25 EPS, received multiple analyst price-target upgrades and a "Moderate Buy" consensus, and the board authorized a $500M buyback while raising the dividend.

Wedge Capital Management L L P NC decreased its stake in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 7.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 16,360 shares of the construction company's stock after selling 1,378 shares during the period. Wedge Capital Management L L P NC's holdings in EMCOR Group were worth $10,009,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Main Street Group LTD lifted its position in EMCOR Group by 110.0% during the third quarter. Main Street Group LTD now owns 42 shares of the construction company's stock worth $27,000 after acquiring an additional 22 shares during the last quarter. Quent Capital LLC acquired a new position in shares of EMCOR Group in the third quarter valued at approximately $29,000. Orion Capital Management LLC bought a new position in shares of EMCOR Group during the third quarter worth approximately $31,000. Twin Peaks Wealth Advisors LLC acquired a new stake in EMCOR Group during the 2nd quarter worth approximately $43,000. Finally, True Wealth Design LLC lifted its holdings in EMCOR Group by 333.3% during the 3rd quarter. True Wealth Design LLC now owns 91 shares of the construction company's stock worth $59,000 after purchasing an additional 70 shares during the last quarter. Institutional investors and hedge funds own 92.59% of the company's stock.

Insider Buying and Selling at EMCOR Group

In other news, CEO Anthony Guzzi sold 36,000 shares of the company's stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $729.48, for a total transaction of $26,261,280.00. Following the completion of the sale, the chief executive officer owned 170,299 shares of the company's stock, valued at approximately $124,229,714.52. This represents a 17.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.83% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. UBS Group upped their price objective on EMCOR Group from $900.00 to $945.00 and gave the company a "buy" rating in a report on Friday, March 6th. Stifel Nicolaus lifted their target price on EMCOR Group from $754.00 to $814.00 and gave the stock a "buy" rating in a report on Monday, March 2nd. Cantor Fitzgerald started coverage on shares of EMCOR Group in a research note on Tuesday, March 10th. They issued an "overweight" rating and a $848.00 price target on the stock. Robert W. Baird raised their price target on shares of EMCOR Group from $713.00 to $808.00 and gave the stock an "outperform" rating in a research report on Friday, February 27th. Finally, DA Davidson lifted their price objective 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. Nine 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 stock currently has an average rating of "Moderate Buy" and an average target price of $784.43.

EMCOR Group Stock Performance

NYSE:EME opened at $733.42 on Friday. The company has a market cap of $32.66 billion, a price-to-earnings ratio of 25.98 and a beta of 1.16. EMCOR Group, Inc. has a fifty-two week low of $320.89 and a fifty-two week high of $835.00. The stock has a fifty day moving average price of $744.14 and a 200-day moving average price of $680.19.

EMCOR Group (NYSE:EME - Get Free Report) last issued its quarterly earnings results on Thursday, February 26th. The construction company reported $7.19 EPS for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $4.28 billion. During the same quarter last year, the business earned $6.32 earnings per share. EMCOR Group's revenue was up 19.7% on a year-over-year basis. EMCOR Group has set its FY 2026 guidance at 27.250-29.250 EPS. Research analysts predict that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group declared that its Board of Directors has approved a stock repurchase plan on Thursday, December 18th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the construction company to repurchase up to 1.9% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's board of directors believes its shares are undervalued.

EMCOR Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Wednesday, January 14th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Wednesday, January 14th. This is a boost from EMCOR Group's previous quarterly dividend of $0.25. EMCOR Group's dividend payout ratio is presently 5.67%.

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.

Want to see what other hedge funds are holding EME? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for EMCOR Group, Inc. (NYSE:EME - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.