1,286 Shares in EMCOR Group, Inc. $EME Purchased by Elevation Point Wealth Partners LLC

Elevation Point Wealth Partners LLC purchased a new stake in shares of EMCOR Group, Inc. (NYSE:EME) in the 1st quarter, Holdings Channel reports. The fund purchased 1,286 shares of the construction company’s stock, valued at approximately $950,000.

Several other institutional investors have also recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC grew its stake in shares of EMCOR Group by 12.9% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 12,149 shares of the construction company’s stock valued at $7,972,000 after buying an additional 1,389 shares in the last quarter. North Dakota State Investment Board acquired a new stake in EMCOR Group in the fourth quarter valued at $928,000. LGT Group Foundation grew its position in shares of EMCOR Group by 22.6% in the 3rd quarter. LGT Group Foundation now owns 14,340 shares of the construction company’s stock valued at $9,392,000 after acquiring an additional 2,645 shares during the period. Chase Investment Counsel Corp grew its position in shares of EMCOR Group by 152.1% in the 4th quarter. Chase Investment Counsel Corp now owns 2,849 shares of the construction company’s stock valued at $1,742,000 after acquiring an additional 1,719 shares during the period. Finally, Spectrum Strategic Capital Management LLC acquired a new position in shares of EMCOR Group during the 4th quarter worth about $970,000. Institutional investors and hedge funds own 92.59% of the company’s stock.

Wall Street Analysts Forecast Growth

EME has been the subject of several recent analyst reports. Oppenheimer assumed 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 for the company. Wall Street Zen upgraded EMCOR Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Zacks Research raised EMCOR Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 30th. Cantor Fitzgerald reiterated an “overweight” rating and set a $1,123.00 target price on shares of EMCOR Group in a research note on Tuesday, June 16th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of EMCOR Group in a report on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat, EMCOR Group has a consensus rating of “Moderate Buy” and a consensus price target of $871.25.

Insider Transactions at EMCOR Group

In other EMCOR Group news, Director William P. Reid sold 2,000 shares of the stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $925.78, for a total transaction of $1,851,560.00. Following the transaction, the director owned 10,149 shares in the company, valued at $9,395,741.22. This represents a 16.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Robert Peter Lind sold 675 shares of the firm’s stock in a transaction that occurred on Thursday, April 30th. The stock was 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. This represents a 13.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 10,027 shares of company stock worth $8,957,466. Company insiders own 1.26% of the company’s stock.

EMCOR Group Price Performance

EME stock opened at $787.39 on Tuesday. The stock has a market capitalization of $34.99 billion, a price-to-earnings ratio of 26.41 and a beta of 1.13. The business’s fifty day moving average price is $852.51 and its two-hundred day moving average price is $771.38. EMCOR Group, Inc. has a fifty-two week low of $532.25 and a fifty-two week high of $951.96.

EMCOR Group (NYSE:EME) last posted its earnings results on Wednesday, April 29th. The construction company reported $6.84 earnings per share 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 during the quarter, compared to the consensus estimate of $4.20 billion. During the same quarter last year, the firm earned $5.41 earnings per share. The company’s 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. Research analysts expect that EMCOR Group, Inc. will post 29.37 EPS for the current year.

EMCOR Group Dividend Announcement

The firm 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 of this dividend is Wednesday, July 15th. This represents a $1.60 dividend on an annualized basis and a yield of 0.2%. EMCOR Group’s payout ratio is currently 5.37%.

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.