EMCOR Group, Inc. $EME Stake Raised by California Public Employees Retirement System

California Public Employees Retirement System lifted its holdings in shares of EMCOR Group, Inc. (NYSE:EME) by 13.6% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 108,092 shares of the construction company’s stock after acquiring an additional 12,913 shares during the period. California Public Employees Retirement System’s holdings in EMCOR Group were worth $79,805,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Kera Capital Partners Inc. raised its stake in EMCOR Group by 24.0% during the 1st quarter. Kera Capital Partners Inc. now owns 538 shares of the construction company’s stock valued at $397,000 after acquiring an additional 104 shares in the last quarter. Forty three Eighteen Advisors LLC grew its stake in shares of EMCOR Group by 6.1% in the first quarter. Forty three Eighteen Advisors LLC now owns 1,278 shares of the construction company’s stock worth $944,000 after purchasing an additional 74 shares in the last quarter. Assetmark Inc. grew its stake in shares of EMCOR Group by 9.8% in the first quarter. Assetmark Inc. now owns 6,959 shares of the construction company’s stock worth $5,138,000 after purchasing an additional 622 shares in the last quarter. Gallacher Capital Management LLC grew its stake in shares of EMCOR Group by 12.1% in the first quarter. Gallacher Capital Management LLC now owns 915 shares of the construction company’s stock worth $676,000 after purchasing an additional 99 shares in the last quarter. Finally, SteelPeak Wealth LLC increased its holdings in shares of EMCOR Group by 4.8% during the first quarter. SteelPeak Wealth LLC now owns 3,598 shares of the construction company’s stock valued at $2,656,000 after purchasing an additional 165 shares during the period. 92.59% of the stock is owned by institutional investors.

Insider Buying and Selling at EMCOR Group

In related news, Director Carol P. Lowe sold 950 shares of the stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $844.50, for a total transaction of $802,275.00. Following the completion of the sale, the director directly owned 17,278 shares of the company’s stock, valued at $14,591,271. This represents a 5.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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 sale, the vice president owned 4,216 shares of the company’s stock, valued at $3,770,242.32. The trade was a 13.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 10,027 shares of company stock valued at $8,957,466. Corporate insiders own 0.83% of the company’s stock.

Wall Street Analyst Weigh In

EME has been the topic of several research analyst reports. Cantor Fitzgerald reissued an “overweight” rating and set a $1,123.00 target price on shares of EMCOR Group in a research note on Tuesday, June 16th. Wall Street Zen raised shares of EMCOR Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Stifel Nicolaus set a $918.00 price objective on shares of EMCOR Group in a report on Thursday, April 30th. Oppenheimer started coverage on shares of EMCOR Group in a report on Thursday, May 28th. They issued an “outperform” rating and a $1,100.00 price objective for the company. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of EMCOR Group in a research note on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $871.25.

EMCOR Group Stock Down 0.4%

NYSE:EME opened at $741.30 on Monday. The business’s 50-day moving average price is $829.21 and its 200 day moving average price is $780.76. EMCOR Group, Inc. has a 52-week low of $540.00 and a 52-week high of $951.96. The firm has a market cap of $32.94 billion, a P/E ratio of 24.87 and a beta of 1.13.

EMCOR Group (NYSE:EME) last issued its quarterly earnings results on Wednesday, April 29th. The construction company reported $6.84 earnings per share 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 the consensus estimate of $4.20 billion. During the same period in the prior year, the company earned $5.41 EPS. EMCOR Group’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. Sell-side analysts expect that EMCOR Group, Inc. will post 29.37 EPS for the current year.

EMCOR Group Announces Dividend

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