Rokos Capital Management LLP purchased a new position in shares of EMCOR Group, Inc. (NYSE:EME – Free Report) during the first quarter, HoldingsChannel.com reports. The institutional investor purchased 12,589 shares of the construction company’s stock, valued at approximately $9,299,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Swiss RE Ltd. bought a new position in EMCOR Group in the 4th quarter valued at $25,000. Ascentis Independent Advisors bought a new stake in shares of EMCOR Group during the first quarter worth $27,000. Zions Bancorporation National Association UT bought a new stake in shares of EMCOR Group during the fourth quarter worth $28,000. Activest Wealth Management grew its holdings in shares of EMCOR Group by 800.0% during the fourth quarter. Activest Wealth Management now owns 54 shares of the construction company’s stock worth $33,000 after purchasing an additional 48 shares during the last quarter. Finally, Richardson Financial Services Inc. increased its stake in shares of EMCOR Group by 71.9% in the fourth quarter. Richardson Financial Services Inc. now owns 55 shares of the construction company’s stock valued at $34,000 after buying an additional 23 shares in the last quarter. 92.59% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of research analysts recently issued reports on EME shares. Cantor Fitzgerald reaffirmed 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 raised shares of EMCOR Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 30th. Wall Street Zen raised shares of EMCOR Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Weiss Ratings reissued a “buy (b)” rating on shares of EMCOR Group in a report on Friday, July 17th. Finally, Oppenheimer started coverage on shares of EMCOR Group in a research report on Thursday, May 28th. They issued an “outperform” rating and a $1,100.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $871.25.
Insider Buying and Selling
In related news, Director William P. Reid sold 2,000 shares of the business’s stock in a transaction that occurred on 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 approximately $9,395,741.22. The trade was a 16.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Robert Peter Lind sold 675 shares of the company’s stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $894.27, for a total transaction of $603,632.25. Following the completion of the sale, the vice president directly owned 4,216 shares of the company’s stock, valued at $3,770,242.32. The trade was a 13.80% decrease in their position. 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 quarter. Insiders own 0.73% of the company’s stock.
EMCOR Group Price Performance
Shares of NYSE EME opened at $743.81 on Tuesday. EMCOR Group, Inc. has a fifty-two week low of $564.92 and a fifty-two week high of $951.96. The firm has a market capitalization of $33.05 billion, a P/E ratio of 24.95 and a beta of 1.13. The company’s 50 day simple moving average is $809.61 and its 200 day simple moving average is $785.90.
EMCOR Group (NYSE:EME – Get Free Report) last released its earnings results on Wednesday, April 29th. The construction company reported $6.84 EPS for the quarter, topping analysts’ consensus estimates 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 business’s quarterly revenue was up 19.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $5.41 EPS. 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 fiscal year.
EMCOR Group Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th will be issued a dividend of $0.40 per share. The ex-dividend date is Wednesday, July 15th. This represents a $1.60 dividend on an annualized basis and a yield of 0.2%. EMCOR Group’s dividend payout ratio (DPR) is 5.37%.
EMCOR Group Company 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.
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