Alpine Global Management LLC Makes New Investment in EMCOR Group, Inc. $EME

Alpine Global Management LLC purchased a new stake in EMCOR Group, Inc. (NYSE:EME) during the 4th quarter, Holdings Channel reports. The firm purchased 1,336 shares of the construction company’s stock, valued at approximately $817,000.

A number of other hedge funds also recently made changes to their positions in the business. Swiss RE Ltd. acquired a new position in shares of EMCOR Group during the fourth quarter valued at approximately $25,000. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of EMCOR Group in the 4th quarter worth $26,000. Zions Bancorporation National Association UT bought a new stake in shares of EMCOR Group in the 4th quarter worth $28,000. 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. Finally, 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. Institutional investors own 92.59% of the company’s stock.

Insider Buying and Selling at EMCOR Group

In related news, CFO Jason R. Nalbandian sold 800 shares of the business’s stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $856.43, for a total transaction of $685,144.00. Following the transaction, the chief financial officer directly owned 18,157 shares of the company’s stock, valued at approximately $15,550,199.51. The trade was a 4.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director William P. Reid sold 2,000 shares of the company’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $925.78, for a total transaction of $1,851,560.00. Following the completion of the transaction, the director directly owned 10,149 shares in the company, valued at $9,395,741.22. This trade represents a 16.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 10,027 shares of company stock valued at $8,957,466 in the last 90 days. Corporate insiders own 0.83% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on EME shares. Cantor Fitzgerald reissued an “overweight” rating and issued a $1,123.00 price target on shares of EMCOR Group in a report on Tuesday. Oppenheimer began coverage on shares of EMCOR Group in a research note on Thursday, May 28th. They issued an “outperform” rating and a $1,100.00 price objective on the stock. UBS Group boosted their target price on shares of EMCOR Group from $900.00 to $945.00 and gave the stock a “buy” rating in a report on Friday, March 6th. Wall Street Zen raised shares of EMCOR Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Finally, DA Davidson raised their target price on shares of EMCOR Group from $800.00 to $900.00 and gave the stock a “buy” rating in a report on Friday, February 27th. Ten equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $871.25.

EMCOR Group Stock Up 1.2%

Shares of EMCOR Group stock opened at $837.57 on Friday. The stock has a market cap of $37.22 billion, a PE ratio of 28.10 and a beta of 1.12. The business has a fifty day simple moving average of $852.00 and a 200-day simple moving average of $754.67. EMCOR Group, Inc. has a 12 month low of $478.16 and a 12 month high of $951.96.

EMCOR Group (NYSE:EME) last posted its quarterly earnings results on Wednesday, April 29th. The construction company reported $6.84 earnings per share for the quarter, beating the consensus estimate of $5.90 by $0.94. The firm had revenue of $4.63 billion for the quarter, compared to analyst estimates of $4.20 billion. EMCOR Group had a return on equity of 35.19% and a net margin of 7.54%.EMCOR Group’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 earnings per share. EMCOR Group has set its FY 2026 guidance at 28.250-29.750 EPS. Analysts expect that EMCOR Group, Inc. will post 29.22 EPS for the current fiscal 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 given 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 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.