5 Best Engineering Stocks to Buy for 2024

4. EMCOR Group, Inc. (NYSE:EME)

Number of Q4 2023 Hedge Fund Shareholders: 41

EMCOR Group, Inc. (NYSE:EME) covers the engineering needs of businesses when it comes to managing power generation systems, communications equipment such as fiber cables, and safety systems. It’s one of the best performing energy stocks on our list as the shares are up by 30% ahead of its fourth quarter earnings.

As of December 2023 end, 41 out of the 933 hedge funds profiled by Insider Monkey had held a stake in the firm. EMCOR Group, Inc. (NYSE:EME)’s largest hedge fund shareholder is Cliff Asness’s AQR Capital Management courtesy of its $837 million stake.

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