Andra AP fonden Sells 40,168 Shares of EMCOR Group, Inc. $EME

Andra AP fonden trimmed its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 86.2% in the first quarter, Holdings Channel.com reports. The firm owned 6,432 shares of the construction company’s stock after selling 40,168 shares during the quarter. Andra AP fonden’s holdings in EMCOR Group were worth $4,749,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Ascentis Independent Advisors bought a new stake in shares of EMCOR Group during the first quarter worth $27,000. Swiss RE Ltd. bought a new position in shares of EMCOR Group in the 4th quarter valued at $25,000. Barnes Dennig Private Wealth Management LLC bought a new position in shares of EMCOR Group in the 4th quarter valued at $26,000. Zions Bancorporation National Association UT acquired a new stake in shares of EMCOR Group during the 4th quarter valued at $28,000. Finally, Activest Wealth Management boosted its holdings in shares of EMCOR Group by 800.0% during 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 in the last quarter. Institutional investors own 92.59% of the company’s stock.

Insider Buying and Selling

In other news, Director Steven Schwarzwaelder sold 5,602 shares of the company’s stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $895.19, for a total value of $5,014,854.38. Following the sale, the director directly owned 15,875 shares of the company’s stock, valued at approximately $14,211,141.25. This represents a 26.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Jason R. Nalbandian sold 800 shares of the stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $856.43, for a total transaction of $685,144.00. Following the sale, the chief financial officer owned 18,157 shares of the company’s stock, valued at approximately $15,550,199.51. This trade represents a 4.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 10,027 shares of company stock worth $8,957,466. Corporate insiders own 0.73% of the company’s stock.

EMCOR Group Trading Down 0.5%

Shares of EME stock opened at $756.59 on Thursday. EMCOR Group, Inc. has a 1-year low of $563.20 and a 1-year high of $951.96. The stock has a market cap of $33.62 billion, a price-to-earnings ratio of 25.38 and a beta of 1.13. The stock has a 50-day moving average of $818.84 and a 200-day moving average of $783.72.

EMCOR Group (NYSE:EME) last posted its quarterly earnings data on Wednesday, April 29th. The construction company reported $6.84 EPS for the quarter, topping analysts’ consensus estimates of $5.90 by $0.94. EMCOR Group had a return on equity of 35.19% and a net margin of 7.54%.The company had revenue of $4.63 billion for the quarter, compared to analyst estimates of $4.20 billion. During the same period in the previous year, the firm earned $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. Sell-side analysts forecast that EMCOR Group, Inc. will post 29.37 earnings per share for the current year.

EMCOR Group Dividend Announcement

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 given a $0.40 dividend. The ex-dividend date is Wednesday, July 15th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.2%. EMCOR Group’s payout ratio is 5.37%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Oppenheimer initiated coverage on EMCOR Group in a report on Thursday, May 28th. They issued an “outperform” rating and a $1,100.00 target price for the company. Weiss Ratings restated a “buy (b)” rating on shares of EMCOR Group in a report on Friday, July 17th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $1,123.00 price objective on shares of EMCOR Group in a research note on Tuesday, June 16th. Wall Street Zen upgraded shares of EMCOR Group from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Finally, Zacks Research upgraded shares of EMCOR Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 30th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $871.25.

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.