Arbejdsmarkedets Tillaegspension lowered its holdings in EMCOR Group, Inc. (NYSE:EME – Free Report) by 10.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 33,282 shares of the construction company’s stock after selling 4,008 shares during the quarter. Arbejdsmarkedets Tillaegspension’s holdings in EMCOR Group were worth $24,572,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in the business. Ascentis Independent Advisors acquired a new stake in EMCOR Group during the 1st quarter worth about $27,000. Swiss RE Ltd. purchased a new stake in shares of EMCOR Group in the fourth quarter worth about $25,000. Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of EMCOR Group in the fourth quarter worth about $26,000. Zions Bancorporation National Association UT acquired a new stake in EMCOR Group during the fourth quarter worth about $28,000. Finally, Activest Wealth Management grew its holdings in EMCOR Group by 800.0% during the fourth quarter. Activest Wealth Management now owns 54 shares of the construction company’s stock worth $33,000 after acquiring an additional 48 shares during the period. Hedge funds and other institutional investors own 92.59% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research analysts have issued reports on EME shares. Weiss Ratings reissued a “buy (b)” rating on shares of EMCOR Group in a report on Monday, April 20th. Zacks Research raised shares of EMCOR Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 30th. Wall Street Zen raised shares of EMCOR Group from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Cantor Fitzgerald reiterated an “overweight” rating and issued a $1,123.00 target price on shares of EMCOR Group in a research note on Tuesday, June 16th. Finally, Stifel Nicolaus set a $918.00 price target on shares of EMCOR Group in a report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $871.25.
EMCOR Group Trading Down 2.2%
Shares of EMCOR Group stock opened at $764.32 on Tuesday. The firm’s 50-day moving average price is $842.99 and its 200 day moving average price is $777.01. EMCOR Group, Inc. has a twelve month low of $540.00 and a twelve month high of $951.96. The firm has a market capitalization of $33.97 billion, a PE ratio of 25.64 and a beta of 1.13.
EMCOR Group (NYSE:EME – Get Free Report) last released its 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 business had revenue of $4.63 billion for the quarter, compared to the consensus estimate of $4.20 billion. EMCOR Group had a return on equity of 35.19% and a net margin of 7.54%.The business’s quarterly revenue was up 19.7% compared to the same quarter last year. During the same quarter last year, the business posted $5.41 earnings per share. EMCOR Group has set its FY 2026 guidance at 28.250-29.750 EPS. On average, sell-side analysts predict that EMCOR Group, Inc. will post 29.37 EPS for the current fiscal year.
EMCOR Group Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders 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 dividend on an annualized basis and a yield of 0.2%. EMCOR Group’s dividend payout ratio (DPR) is presently 5.37%.
Insider Activity at EMCOR Group
In other EMCOR Group news, Director Carol P. Lowe sold 950 shares of EMCOR Group stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $844.50, for a total transaction of $802,275.00. Following the sale, the director owned 17,278 shares of the company’s stock, valued at $14,591,271. The trade was a 5.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 sale, the director directly owned 10,149 shares of the company’s stock, valued at $9,395,741.22. The trade was a 16.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 10,027 shares of company stock worth $8,957,466 over the last 90 days. Corporate insiders own 1.26% of the company’s stock.
EMCOR Group 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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