EMCOR Group, Inc. $EME Stock Position Lessened by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S trimmed its holdings in shares of EMCOR Group, Inc. (NYSE:EME) by 23.0% during the first quarter, Holdings Channel.com reports. The firm owned 97,469 shares of the construction company’s stock after selling 29,173 shares during the quarter. EMCOR Group accounts for approximately 0.8% of BI Asset Management Fondsmaeglerselskab A S’s portfolio, making the stock its 24th biggest position. BI Asset Management Fondsmaeglerselskab A S’s holdings in EMCOR Group were worth $71,962,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Asahi Life Asset Management CO. LTD. acquired a new stake in EMCOR Group in the third quarter worth approximately $445,000. Wealth Enhancement Advisory Services LLC increased its position in shares of EMCOR Group by 12.9% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 12,149 shares of the construction company’s stock valued at $7,972,000 after purchasing an additional 1,389 shares during the period. Sierra Summit Advisors LLC bought a new stake in shares of EMCOR Group in the 3rd quarter worth $5,459,000. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund raised its stake in shares of EMCOR Group by 100.0% in the 3rd quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund now owns 3,600 shares of the construction company’s stock worth $2,338,000 after buying an additional 1,800 shares in the last quarter. Finally, North Dakota State Investment Board acquired a new stake in shares of EMCOR Group in the fourth quarter valued at $928,000. 92.59% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on EME. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $1,123.00 target price on shares of EMCOR Group in a research note on Tuesday, June 16th. Weiss Ratings reiterated a “buy (b)” rating on shares of EMCOR Group in a research report on Monday, April 20th. DA Davidson upped their price target on shares of EMCOR Group from $800.00 to $900.00 and gave the company a “buy” rating in a report on Friday, February 27th. Oppenheimer began coverage on shares of EMCOR Group in a research report on Thursday, May 28th. They set an “outperform” rating and a $1,100.00 price objective for the company. Finally, UBS Group raised their price objective on shares of EMCOR Group from $900.00 to $945.00 and gave the company a “buy” rating in a research report on Friday, March 6th. Ten investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $871.25.

Insider Buying and Selling

In related news, CFO Jason R. Nalbandian sold 800 shares of the firm’s stock in a transaction that occurred on Thursday, April 30th. The shares were 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 directly owned 18,157 shares in the company, valued at approximately $15,550,199.51. This trade represents a 4.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Robert Peter Lind sold 675 shares of the business’s 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 in the company, valued at $3,770,242.32. The trade was a 13.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 10,027 shares of company stock worth $8,957,466 over the last ninety days. 0.83% of the stock is currently owned by corporate insiders.

EMCOR Group Stock Up 0.1%

Shares of EMCOR Group stock opened at $837.57 on Friday. EMCOR Group, Inc. has a 12 month low of $478.16 and a 12 month high of $951.96. The stock has a market cap of $37.22 billion, a PE ratio of 28.10 and a beta of 1.12. The business has a fifty day simple moving average of $852.96 and a 200-day simple moving average of $755.25.

EMCOR Group (NYSE:EME) last posted its quarterly 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 firm had revenue of $4.63 billion for the quarter, compared to analyst estimates of $4.20 billion. EMCOR Group had a return on equity of 35.19% and a net margin of 7.54%.EMCOR Group’s quarterly revenue was up 19.7% on a year-over-year basis. During the same period in the previous year, the firm earned $5.41 earnings per share. EMCOR Group has set its FY 2026 guidance at 28.250-29.750 EPS. Analysts expect that EMCOR Group, Inc. will post 29.22 EPS for the current fiscal year.

EMCOR Group Announces Dividend

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

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.