Hsbc Holdings PLC Purchases 24,323 Shares of EMCOR Group, Inc. $EME

Hsbc Holdings PLC raised its holdings in shares of EMCOR Group, Inc. (NYSE:EME) by 23.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 129,520 shares of the construction company’s stock after buying an additional 24,323 shares during the period. Hsbc Holdings PLC’s holdings in EMCOR Group were worth $79,301,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of EME. Swiss RE Ltd. purchased a new stake in shares of EMCOR Group in the fourth quarter worth approximately $25,000. Barnes Dennig Private Wealth Management LLC purchased a new position in EMCOR Group during the 4th quarter valued at $26,000. Zions Bancorporation National Association UT purchased a new position in EMCOR Group during the 4th quarter valued at $28,000. Activest Wealth Management grew its position in EMCOR Group by 800.0% in the 4th quarter. Activest Wealth Management now owns 54 shares of the construction company’s stock valued at $33,000 after acquiring an additional 48 shares during the last quarter. Finally, Richardson Financial Services Inc. grew its position in EMCOR Group by 71.9% in the 4th quarter. Richardson Financial Services Inc. now owns 55 shares of the construction company’s stock valued at $34,000 after acquiring an additional 23 shares during the last quarter. Institutional investors own 92.59% of the company’s stock.

EMCOR Group Trading Down 0.0%

Shares of EMCOR Group stock opened at $774.63 on Friday. The firm has a market cap of $34.42 billion, a P/E ratio of 25.99 and a beta of 1.13. EMCOR Group, Inc. has a 12 month low of $532.25 and a 12 month high of $951.96. The stock’s fifty day moving average price is $854.23 and its 200-day moving average price is $769.21.

EMCOR Group (NYSE:EME) last released its quarterly earnings data 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. 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 during the quarter, compared to the consensus estimate of $4.20 billion. During the same period in the previous year, the company posted $5.41 earnings per share. The firm’s quarterly revenue was up 19.7% on a year-over-year basis. EMCOR Group has set its FY 2026 guidance at 28.250-29.750 EPS. Analysts forecast that EMCOR Group, Inc. will post 29.37 earnings per share for the current year.

EMCOR Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be issued a $0.40 dividend. The ex-dividend date is Wednesday, July 15th. This represents a $1.60 annualized dividend and a dividend yield of 0.2%. EMCOR Group’s payout ratio is currently 5.37%.

Analyst Ratings Changes

Several research firms have recently weighed in on EME. Wall Street Zen upgraded EMCOR Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Cantor Fitzgerald restated an “overweight” rating and issued a $1,123.00 price target on shares of EMCOR Group in a report on Tuesday, June 16th. Zacks Research raised shares of EMCOR Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 30th. Weiss Ratings reiterated a “buy (b)” rating on shares of EMCOR Group in a report on Monday, April 20th. Finally, Oppenheimer began coverage on shares of EMCOR Group in a research report on Thursday, May 28th. They issued an “outperform” rating and a $1,100.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, EMCOR Group has an average rating of “Moderate Buy” and an average target price of $871.25.

Insider Transactions at EMCOR Group

In related news, VP Robert Peter Lind sold 675 shares of EMCOR Group stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $894.27, for a total transaction of $603,632.25. Following the transaction, the vice president directly owned 4,216 shares of the company’s stock, valued at $3,770,242.32. This trade represents a 13.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Steven Schwarzwaelder sold 5,602 shares of EMCOR Group stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $895.19, for a total transaction of $5,014,854.38. Following the transaction, the director directly owned 15,875 shares in the company, valued at approximately $14,211,141.25. The trade was a 26.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 10,027 shares of company stock worth $8,957,466. Insiders own 0.83% of the company’s stock.

About EMCOR Group

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.