CECO ENVIRONMENTAL CORP.
In the published model solve dated 2026-Q2, anchored at $71.87, CECO ENVIRONMENTAL CORP. (CECO) is priced for today's economics sustained for ~15.4 years. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed July 25, 2026 from SEC EDGAR filings.
• Work already sold and not yet delivered stood at $793.1 million at the end of 2025, which the 10-K reports as ⟦"an increase of $252.2 million or 46.6 percent"⟧ over the prior year, and substantially all of it is scheduled to convert inside 18 to 24 months. • The price asks for that pace to hold for roughly eight years, and among companies that have grown this fast, only about one in five kept it up that long. • The company completed its acquisition of Thermon Group Holdings on June 1, 2026 and
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251 institutional managers reported holding CECO in 13F filings for the quarter ended 2026-03-31. Together they hold about 88% of the company; the top 10 hold 42%. 54 opened new positions that quarter. Held by FMR (Fidelity), BlackRock, Vanguard Group, among others. On the short side, 1.9M shares were sold short as of the 2026-06-15 count, about 5% of shares outstanding (1.7 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
CECO's share count grew 0.6% over the past five years even with $17.03M spent on repurchases. It pays no dividend. Cash returned over the past three years: $5.00M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at CECO over the trailing three years: 2023: 2 buys totaling $325k; 2024: 5 buys totaling $1.53M; 2025: 5 buys totaling $718k; 2026: 1 buy totaling $1.54M. 13 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
CECO's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-09 | +17.0% | +20.1% |
| 2023-11-08 | +5.1% | +12.2% |
| 2024-03-06 | -11.9% | +21.1% |
| 2024-05-01 | -13.2% | +28.7% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
CECO's latest 8-K filings: 2026-10-05 (items 3.01, 7.01, 9.01); 2026-08-10 (items 2.02, 9.01); 2026-06-09 (items 7.01, 9.01); 2026-06-01 (items 2.01, 2.03, 5.02, 5.03, 7.01, 9.01); 2026-05-28 (items 5.02, 5.07, 7.01, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 25, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.