Clearline Capital LP bought a new position in shares of EMCOR Group, Inc. (NYSE:EME – Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 3,384 shares of the construction company’s stock, valued at approximately $2,070,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Asahi Life Asset Management CO. LTD. acquired a new position in EMCOR Group during the 3rd quarter worth $445,000. Wealth Enhancement Advisory Services LLC lifted its position in 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 worth $7,972,000 after acquiring an additional 1,389 shares during the last quarter. Sierra Summit Advisors LLC acquired a new position in EMCOR Group during the 3rd quarter worth $5,459,000. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund lifted its position in EMCOR Group by 100.0% during 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 acquiring an additional 1,800 shares during the last quarter. Finally, North Dakota State Investment Board acquired a new position in EMCOR Group during the 4th quarter worth $928,000. 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 analyst reports. UBS Group boosted their target price on shares of EMCOR Group from $900.00 to $945.00 and gave the stock a “buy” rating in a research report on Friday, March 6th. Wall Street Zen raised shares of EMCOR Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. DA Davidson upped their price objective on shares of EMCOR Group from $800.00 to $900.00 and gave the company a “buy” rating in a research report on Friday, February 27th. Robert W. Baird upped their price objective on shares of EMCOR Group from $713.00 to $808.00 and gave the company an “outperform” rating in a research report on Friday, February 27th. Finally, Zacks Research lowered shares of EMCOR Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 26th. Ten equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $871.25.
EMCOR Group Stock Performance
Shares of EME opened at $825.65 on Thursday. The company has a 50-day simple moving average of $850.25 and a 200-day simple moving average of $753.10. The firm has a market capitalization of $36.69 billion, a P/E ratio of 27.70 and a beta of 1.12. EMCOR Group, Inc. has a 52 week low of $478.16 and a 52 week high of $951.96.
EMCOR Group (NYSE:EME – Get Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The construction company reported $6.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.90 by $0.94. The firm had revenue of $4.63 billion during the quarter, compared to analyst estimates of $4.20 billion. EMCOR Group had a net margin of 7.54% and a return on equity of 35.19%. The company’s quarterly revenue was up 19.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $5.41 earnings per share. EMCOR Group has set its FY 2026 guidance at 28.250-29.750 EPS. As a group, equities analysts forecast that EMCOR Group, Inc. will post 29.22 earnings per share for the current year.
EMCOR Group Announces Dividend
The firm also recently declared 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. The ex-dividend date was Thursday, April 16th. This represents a $1.60 dividend on an annualized basis and a yield of 0.2%. EMCOR Group’s dividend payout ratio (DPR) is currently 5.37%.
Insider Buying and Selling at EMCOR Group
In other EMCOR Group news, Director William P. Reid sold 2,000 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the director owned 10,149 shares in the company, valued at $9,395,741.22. This trade represents a 16.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Robert Peter Lind sold 675 shares of the firm’s stock in a transaction dated 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 owned 4,216 shares of the company’s stock, valued at approximately $3,770,242.32. This represents a 13.80% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 9,077 shares of company stock worth $8,155,191 in the last three months. 0.83% of the stock is currently owned by company 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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