EMCOR Group, Inc. $EME Shares Sold by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S lowered its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 6.8% in the fourth quarter, HoldingsChannel reports. The firm owned 126,642 shares of the construction company’s stock after selling 9,186 shares during the quarter. EMCOR Group makes up approximately 0.7% of BI Asset Management Fondsmaeglerselskab A S’s holdings, making the stock its 26th largest holding. BI Asset Management Fondsmaeglerselskab A S’s holdings in EMCOR Group were worth $77,478,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in EME. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of EMCOR Group in the fourth quarter valued at $26,000. Main Street Group LTD lifted its holdings in shares of EMCOR Group by 110.0% in the third quarter. Main Street Group LTD now owns 42 shares of the construction company’s stock valued at $27,000 after buying an additional 22 shares during the period. Activest Wealth Management lifted its holdings in shares of EMCOR Group by 800.0% in the fourth quarter. Activest Wealth Management now owns 54 shares of the construction company’s stock valued at $33,000 after buying an additional 48 shares during the period. Richardson Financial Services Inc. lifted its holdings in shares of EMCOR Group by 71.9% in the fourth quarter. Richardson Financial Services Inc. now owns 55 shares of the construction company’s stock valued at $34,000 after buying an additional 23 shares during the period. Finally, Elyxium Wealth LLC acquired a new stake in shares of EMCOR Group in the fourth quarter valued at $37,000. Institutional investors and hedge funds own 92.59% of the company’s stock.

Insider Buying and Selling

In related news, CFO Jason R. Nalbandian sold 800 shares of the stock in a transaction that occurred on 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 sale, the chief financial officer owned 18,157 shares in the company, valued at $15,550,199.51. This represents a 4.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Robert Peter Lind sold 675 shares of the stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $894.27, for a total value of $603,632.25. Following the sale, the vice president owned 4,216 shares of the company’s stock, valued at approximately $3,770,242.32. The trade was a 13.80% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 9,077 shares of company stock worth $8,155,191. Insiders own 0.83% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on EME. Weiss Ratings restated a “buy (b)” rating on shares of EMCOR Group in a report on Monday, April 20th. Cantor Fitzgerald assumed coverage on EMCOR Group in a research report on Tuesday, March 10th. They set an “overweight” rating and a $848.00 target price on the stock. 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 research report on Friday, February 27th. Oppenheimer assumed coverage on EMCOR Group in a research report on Thursday, May 28th. They set an “outperform” rating and a $1,100.00 target price on the stock. Finally, DA Davidson boosted their target price on EMCOR Group from $800.00 to $900.00 and gave the stock a “buy” rating in a research report on Friday, February 27th. Ten investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $836.88.

EMCOR Group Price Performance

Shares of NYSE EME opened at $817.00 on Friday. The business’s 50-day moving average price is $837.60 and its two-hundred day moving average price is $739.90. EMCOR Group, Inc. has a one year low of $455.14 and a one year high of $951.96. The company has a market capitalization of $36.31 billion, a P/E ratio of 27.41 and a beta of 1.12.

EMCOR Group (NYSE:EME) last issued its earnings results on Wednesday, April 29th. The construction company reported $6.84 EPS for the quarter, beating analysts’ consensus estimates of $5.90 by $0.94. EMCOR Group had a return on equity of 35.19% and a net margin of 7.54%.The firm had revenue of $4.63 billion for the quarter, compared to the consensus estimate of $4.20 billion. During the same quarter in the previous year, the company posted $5.41 earnings per share. The business’s quarterly revenue was up 19.7% compared to the same quarter last year. EMCOR Group has set its FY 2026 guidance at 28.250-29.750 EPS. On average, equities analysts anticipate that EMCOR Group, Inc. will post 29.22 EPS for the current year.

EMCOR Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Thursday, April 16th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Thursday, April 16th. EMCOR Group’s dividend 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.