EMCOR Group, Inc. $EME Shares Bought by First Trust Advisors LP

First Trust Advisors LP lifted its stake in shares of EMCOR Group, Inc. (NYSE:EMEFree Report) by 7.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 630,406 shares of the construction company’s stock after purchasing an additional 42,949 shares during the quarter. First Trust Advisors LP’s holdings in EMCOR Group were worth $465,435,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in EME. Wealth Enhancement Advisory Services LLC increased its position 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 position in shares of EMCOR Group during the 4th quarter worth $928,000. Passumpsic Savings Bank purchased a new stake in shares of EMCOR Group in the 4th quarter worth about $1,726,000. Chase Investment Counsel Corp boosted 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 worth $1,742,000 after buying an additional 1,719 shares in the last quarter. Finally, Thrivent Financial for Lutherans grew its stake in EMCOR Group by 663.4% in the 4th quarter. Thrivent Financial for Lutherans now owns 113,562 shares of the construction company’s stock valued at $69,476,000 after acquiring an additional 98,687 shares during the last quarter. Institutional investors and hedge funds own 92.59% of the company’s stock.

EMCOR Group Trading Up 2.1%

Shares of EME stock opened at $759.91 on Wednesday. The firm has a 50-day moving average price of $822.17 and a 200 day moving average price of $782.70. EMCOR Group, Inc. has a twelve month low of $540.00 and a twelve month high of $951.96. The company has a market capitalization of $33.77 billion, a price-to-earnings ratio of 25.49 and a beta of 1.13.

EMCOR Group (NYSE:EMEGet Free Report) last released its earnings results on Wednesday, April 29th. The construction company reported $6.84 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $4.20 billion. During the same period in the prior year, the firm earned $5.41 EPS. The firm’s quarterly 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. As a group, research analysts predict that EMCOR Group, Inc. will post 29.37 earnings per share for the current year.

EMCOR Group Announces Dividend

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

Insider Activity

In other news, VP Robert Peter Lind sold 675 shares of the firm’s stock in a transaction 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 in the company, valued at $3,770,242.32. This trade represents a 13.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Carol P. Lowe sold 950 shares of EMCOR Group stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $844.50, for a total value of $802,275.00. Following the completion of the sale, the director directly owned 17,278 shares of the company’s stock, valued at approximately $14,591,271. This represents a 5.21% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 10,027 shares of company stock valued at $8,957,466 in the last 90 days. Insiders own 0.73% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on EME shares. Cantor Fitzgerald restated an “overweight” rating and set a $1,123.00 target price on shares of EMCOR Group in a report on Tuesday, June 16th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of EMCOR Group in a report on Friday. Wall Street Zen upgraded shares of EMCOR Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Oppenheimer initiated coverage on shares of EMCOR Group in a research note on Thursday, May 28th. They set an “outperform” rating and a $1,100.00 price objective for the company. Finally, Zacks Research upgraded EMCOR Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 30th. 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 data from MarketBeat.com, EMCOR Group has a consensus rating of “Moderate Buy” and a consensus price target of $871.25.

Get Our Latest Stock Report on EMCOR Group

EMCOR Group Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for EMCOR Group (NYSE:EME)

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