Diversify Wealth Management LLC bought a new position in shares of EMCOR Group, Inc. (NYSE:EME – Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 1,003 shares of the construction company’s stock, valued at approximately $741,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ascentis Independent Advisors purchased a new position in shares of EMCOR Group during the 1st quarter worth approximately $27,000. Swiss RE Ltd. purchased a new position in EMCOR Group during the fourth quarter worth about $25,000. Barnes Dennig Private Wealth Management LLC purchased a new position in shares of EMCOR Group during the 4th quarter worth about $26,000. Zions Bancorporation National Association UT acquired a new position in shares of EMCOR Group in the 4th quarter valued at $28,000. Finally, Activest Wealth Management grew its position in EMCOR Group by 800.0% during the fourth 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 period. 92.59% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several equities research analysts have issued reports on the stock. Wall Street Zen upgraded shares of EMCOR Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Cantor Fitzgerald restated an “overweight” rating and set a $1,123.00 target price on shares of EMCOR Group in a research note on Tuesday, June 16th. Oppenheimer started coverage on shares of EMCOR Group in a research note on Thursday, May 28th. They issued an “outperform” rating and a $1,100.00 target price on the stock. Weiss Ratings restated a “buy (b)” rating on shares of EMCOR Group in a research note on Monday, April 20th. Finally, Zacks Research upgraded EMCOR Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 30th. 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. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $871.25.
EMCOR Group Stock Performance
EMCOR Group stock opened at $751.06 on Friday. EMCOR Group, Inc. has a 1 year low of $540.00 and a 1 year high of $951.96. The firm’s 50 day moving average price is $832.79 and its two-hundred day moving average price is $779.94. The firm has a market cap of $33.38 billion, a price-to-earnings ratio of 25.20 and a beta of 1.13.
EMCOR Group (NYSE:EME – Get Free Report) last posted its quarterly earnings data 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 net margin of 7.54% and a return on equity of 35.19%. The company had revenue of $4.63 billion during the quarter, compared to analyst estimates of $4.20 billion. During the same period in the prior year, the firm earned $5.41 earnings per share. The business’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. As a group, equities analysts predict that EMCOR Group, Inc. will post 29.37 EPS for the current fiscal year.
EMCOR Group Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.2%. EMCOR Group’s dividend payout ratio (DPR) is 5.37%.
Insider Transactions at EMCOR Group
In related news, CFO Jason R. Nalbandian sold 800 shares of the firm’s stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $856.43, for a total value of $685,144.00. Following the transaction, the chief financial officer directly owned 18,157 shares in the company, valued at approximately $15,550,199.51. This trade represents a 4.22% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director William P. Reid sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $925.78, for a total value of $1,851,560.00. Following the completion of the sale, 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 position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 10,027 shares of company stock valued at $8,957,466. Insiders own 0.83% 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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