EMCOR Group, Inc. $EME Shares Acquired by Tobam

Tobam increased its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 1,038.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 945 shares of the construction company’s stock after purchasing an additional 862 shares during the quarter. Tobam’s holdings in EMCOR Group were worth $578,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp grew its holdings in shares of EMCOR Group by 2.2% during the fourth quarter. State Street Corp now owns 1,893,792 shares of the construction company’s stock worth $1,158,603,000 after buying an additional 40,801 shares in the last quarter. Geode Capital Management LLC raised its position in shares of EMCOR Group by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 1,425,523 shares of the construction company’s stock valued at $869,343,000 after buying an additional 7,790 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of EMCOR Group by 34.5% during the fourth quarter. Victory Capital Management Inc. now owns 1,276,966 shares of the construction company’s stock valued at $781,239,000 after buying an additional 327,606 shares during the period. Invesco Ltd. lifted its stake in shares of EMCOR Group by 10.5% during the fourth quarter. Invesco Ltd. now owns 799,271 shares of the construction company’s stock valued at $488,986,000 after buying an additional 75,692 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its position in EMCOR Group by 132,234.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 669,611 shares of the construction company’s stock worth $409,661,000 after acquiring an additional 669,105 shares during the last quarter. Institutional investors and hedge funds own 92.59% of the company’s stock.

EMCOR Group Stock Performance

EMCOR Group stock opened at $837.57 on Friday. EMCOR Group, Inc. has a 1 year low of $478.16 and a 1 year high of $951.96. The firm has a 50 day moving average price of $852.96 and a 200 day moving average price of $755.25. The company has a market cap of $37.22 billion, a price-to-earnings ratio of 28.10 and a beta of 1.12.

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

EMCOR Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Thursday, April 16th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Thursday, April 16th. EMCOR Group’s dividend payout ratio (DPR) is 5.37%.

Insiders Place Their Bets

In other EMCOR Group news, 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 sale, the chief financial officer 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William P. Reid sold 2,000 shares of the company’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $925.78, for a total value of $1,851,560.00. Following the sale, the director owned 10,149 shares of the company’s stock, valued at $9,395,741.22. This represents a 16.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 10,027 shares of company stock worth $8,957,466. Corporate insiders own 0.83% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Stifel Nicolaus set a $918.00 target price on shares of EMCOR Group in a research note on Thursday, April 30th. Cantor Fitzgerald reissued an “overweight” rating and set a $1,123.00 price target on shares of EMCOR Group in a research note on Tuesday, June 16th. Robert W. Baird raised their price objective on EMCOR Group from $713.00 to $808.00 and gave the stock an “outperform” rating in a report on Friday, February 27th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of EMCOR Group in a research report on Monday, April 20th. Finally, UBS Group upped their target price on EMCOR Group from $900.00 to $945.00 and gave the company a “buy” rating in a research note on Friday, March 6th. Ten analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $871.25.

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.