Swedbank AB increased its position in EMCOR Group, Inc. (NYSE:EME – Free Report) by 0.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 217,473 shares of the construction company’s stock after acquiring an additional 1,783 shares during the period. Swedbank AB’s holdings in EMCOR Group were worth $133,048,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Main Street Group LTD boosted its position in shares of EMCOR Group by 110.0% in the third quarter. Main Street Group LTD now owns 42 shares of the construction company’s stock worth $27,000 after buying an additional 22 shares during the period. Barnes Dennig Private Wealth Management LLC acquired a new stake in EMCOR Group during the fourth quarter valued at $26,000. Orion Capital Management LLC acquired a new stake in EMCOR Group during the third quarter valued at $31,000. Activest Wealth Management boosted its position in EMCOR Group by 800.0% during the fourth quarter. Activest Wealth Management now owns 54 shares of the construction company’s stock valued at $33,000 after purchasing an additional 48 shares during the last quarter. Finally, Richardson Financial Services Inc. boosted its position in EMCOR Group by 71.9% during the fourth quarter. Richardson Financial Services Inc. now owns 55 shares of the construction company’s stock valued at $34,000 after purchasing an additional 23 shares during the last quarter. Institutional investors and hedge funds own 92.59% of the company’s stock.
Analyst Ratings Changes
EME has been the subject of a number of research reports. Robert W. Baird lifted their price objective on EMCOR Group from $713.00 to $808.00 and gave the company an “outperform” rating in a research report on Friday, February 27th. Stifel Nicolaus set a $918.00 price objective on EMCOR Group in a research report on Thursday, April 30th. DA Davidson lifted their price objective on EMCOR Group from $800.00 to $900.00 and gave the company a “buy” rating in a research report on Friday, February 27th. UBS Group lifted their price objective on EMCOR Group from $900.00 to $945.00 and gave the company a “buy” rating in a research report on Friday, March 6th. Finally, Zacks Research upgraded EMCOR Group from a “hold” rating to a “strong-buy” rating in a report on Monday, April 27th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $799.29.
EMCOR Group Trading Down 0.1%
NYSE EME opened at $848.33 on Friday. The stock’s 50 day moving average is $816.81 and its two-hundred day moving average is $726.47. The company has a market capitalization of $37.70 billion, a price-to-earnings ratio of 28.46 and a beta of 1.17. EMCOR Group, Inc. has a 1-year low of $450.68 and a 1-year high of $951.96.
EMCOR Group (NYSE:EME – Get Free Report) last released its quarterly earnings data 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. The company 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 quarterly revenue was up 19.7% on a year-over-year basis. During the same period in the previous year, the business earned $5.41 earnings per share. EMCOR Group has set its FY 2026 guidance at 28.250-29.750 EPS. On average, analysts predict that EMCOR Group, Inc. will post 28.67 earnings per share for the current year.
EMCOR Group Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Thursday, April 16th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Thursday, April 16th. EMCOR Group’s payout ratio is presently 5.37%.
Insiders Place Their Bets
In other news, Director Steven Schwarzwaelder sold 5,602 shares of the business’s stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $895.19, for a total value of $5,014,854.38. Following the transaction, the director directly owned 15,875 shares of the company’s stock, valued at $14,211,141.25. The trade was a 26.08% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Anthony Guzzi sold 36,000 shares of the business’s stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $729.48, for a total value of $26,261,280.00. Following the completion of the transaction, the chief executive officer directly owned 170,299 shares in the company, valued at $124,229,714.52. The trade was a 17.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 45,077 shares of company stock worth $34,416,471 over the last ninety days. 0.83% of the stock is owned by insiders.
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.
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