Bellwether Advisors LLC lessened its stake in shares of EMCOR Group, Inc. (NYSE:EME – Free Report) by 53.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,122 shares of the construction company’s stock after selling 3,616 shares during the period. Bellwether Advisors LLC’s holdings in EMCOR Group were worth $1,910,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Asahi Life Asset Management CO. LTD. bought a new stake in EMCOR Group during the 3rd quarter valued at $445,000. Machina Capital S.A.S. bought a new stake in EMCOR Group during the 3rd quarter valued at $1,074,000. Wealth Enhancement Advisory Services LLC increased its stake in EMCOR Group by 12.9% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 12,149 shares of the construction company’s stock valued at $7,972,000 after purchasing an additional 1,389 shares in the last quarter. Public Sector Pension Investment Board increased its stake in EMCOR Group by 18.7% during the 3rd quarter. Public Sector Pension Investment Board now owns 23,982 shares of the construction company’s stock valued at $15,577,000 after purchasing an additional 3,783 shares in the last quarter. Finally, Sierra Summit Advisors LLC bought a new stake in EMCOR Group during the 3rd quarter valued at $5,459,000. Institutional investors and hedge funds own 92.59% of the company’s stock.
Wall Street Analysts Forecast Growth
EME has been the subject of a number of recent research reports. Zacks Research upgraded shares of EMCOR Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 27th. Weiss Ratings restated a “buy (b)” rating on shares of EMCOR Group in a research note on Monday, April 20th. UBS Group boosted their price target on shares of EMCOR Group from $900.00 to $945.00 and gave the company a “buy” rating in a research note on Friday, March 6th. Cantor Fitzgerald initiated coverage on shares of EMCOR Group in a research note on Tuesday, March 10th. They set an “overweight” rating and a $848.00 price target for the company. Finally, Stifel Nicolaus set a $918.00 price target on shares of EMCOR Group in a research note on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, EMCOR Group presently has an average rating of “Moderate Buy” and a consensus price target of $799.29.
Insider Buying and Selling
In related news, Director William P. Reid sold 2,000 shares of the business’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $925.78, for a total value of $1,851,560.00. Following the transaction, the director directly owned 10,149 shares of the company’s stock, valued at approximately $9,395,741.22. The trade was a 16.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Jason R. Nalbandian sold 800 shares of the business’s stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $856.43, for a total transaction of $685,144.00. Following the completion of the transaction, the chief financial officer directly owned 18,157 shares in the company, valued at $15,550,199.51. This trade represents a 4.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 45,077 shares of company stock worth $34,416,471 in the last ninety days. Corporate insiders own 0.83% of the company’s stock.
EMCOR Group Stock Performance
Shares of NYSE:EME opened at $862.50 on Wednesday. The company’s 50-day moving average is $822.62 and its 200 day moving average is $729.52. The company has a market capitalization of $38.33 billion, a P/E ratio of 28.93 and a beta of 1.17. EMCOR Group, Inc. has a fifty-two week low of $455.14 and a fifty-two week high of $951.96.
EMCOR Group (NYSE:EME – Get Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The construction company reported $6.84 earnings per share for the quarter, topping analysts’ consensus estimates of $5.90 by $0.94. The company had revenue of $4.63 billion for the quarter, compared to the consensus estimate of $4.20 billion. EMCOR Group had a net margin of 7.54% and a return on equity of 35.19%. The firm’s quarterly revenue was up 19.7% on a year-over-year basis. During the same period in the previous year, the firm earned $5.41 EPS. EMCOR Group has set its FY 2026 guidance at 28.250-29.750 EPS. As a group, research analysts predict that EMCOR Group, Inc. will post 28.67 earnings per share for the current year.
EMCOR Group Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Thursday, April 16th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Thursday, April 16th. EMCOR Group’s payout ratio is 5.37%.
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.
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