Burney Co. Cuts Stock Position in EMCOR Group, Inc. $EME

Burney Co. cut its holdings in shares of EMCOR Group, Inc. (NYSE:EME) by 19.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,081 shares of the construction company’s stock after selling 1,254 shares during the quarter. Burney Co.’s holdings in EMCOR Group were worth $3,751,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. Ascentis Independent Advisors bought a new stake in EMCOR Group during the 1st quarter valued at approximately $27,000. Swiss RE Ltd. bought a new position in EMCOR Group in the 4th quarter worth approximately $25,000. Barnes Dennig Private Wealth Management LLC bought a new position in EMCOR Group in the 4th quarter worth approximately $26,000. Zions Bancorporation National Association UT purchased a new stake in EMCOR Group during the 4th quarter valued at approximately $28,000. Finally, Activest Wealth Management grew its holdings in 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 buying an additional 48 shares in the last quarter. Institutional investors own 92.59% of the company’s stock.

EMCOR Group Price Performance

Shares of EME stock opened at $769.36 on Wednesday. The company has a market cap of $34.19 billion, a PE ratio of 25.81 and a beta of 1.13. The stock’s 50 day simple moving average is $850.50 and its two-hundred day simple moving average is $772.60. EMCOR Group, Inc. has a 1 year low of $532.25 and a 1 year high of $951.96.

EMCOR Group (NYSE:EME) 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 firm 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 company’s revenue for the quarter was up 19.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.41 EPS. EMCOR Group has set its FY 2026 guidance at 28.250-29.750 EPS. Equities research analysts expect that EMCOR Group, Inc. will post 29.37 EPS for the current year.

EMCOR Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Wednesday, July 15th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.2%. The ex-dividend date is Wednesday, July 15th. EMCOR Group’s dividend payout ratio is presently 5.37%.

Insider Buying and Selling

In other EMCOR Group news, VP Robert Peter Lind sold 675 shares of the business’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 completion of the transaction, the vice president 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. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director William P. Reid sold 2,000 shares of the stock in a transaction that occurred on Monday, May 11th. The stock was 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 owned 10,149 shares in the company, valued at approximately $9,395,741.22. The trade was a 16.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 10,027 shares of company stock worth $8,957,466 over the last three months. 1.26% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Stifel Nicolaus set a $918.00 target price on shares of EMCOR Group in a report on Thursday, April 30th. Oppenheimer started coverage on shares of EMCOR Group in a research note on Thursday, May 28th. They set an “outperform” rating and a $1,100.00 target price for the company. Cantor Fitzgerald reiterated an “overweight” rating and issued a $1,123.00 price target on shares of EMCOR Group in a report on Tuesday, June 16th. Zacks Research upgraded shares of EMCOR Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 30th. Finally, Wall Street Zen upgraded EMCOR Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus 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.