Flputnam Investment Management Co. bought a new stake in EMCOR Group, Inc. (NYSE:EME – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 15,441 shares of the construction company’s stock, valued at approximately $12,814,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Horizon Investment Services LLC purchased a new position in EMCOR Group in the second quarter valued at $6,045,000. Global Retirement Partners LLC purchased a new stake in EMCOR Group during the 2nd quarter worth about $1,639,000. Fielder Capital Group LLC purchased a new stake in EMCOR Group during the 2nd quarter worth about $204,000. Bank of New York Mellon Corp acquired a new position in shares of EMCOR Group during the 2nd quarter worth about $207,597,000. Finally, Focus Partners Advisor Solutions LLC purchased a new position in shares of EMCOR Group in the 2nd quarter valued at about $2,607,000. Institutional investors and hedge funds own 92.59% of the company’s stock.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on EME. Oppenheimer upped their price target on EMCOR Group from $1,100.00 to $1,200.00 and gave the company an “outperform” rating in a report on Friday, July 31st. UBS Group increased their target price on shares of EMCOR Group from $975.00 to $1,065.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Wall Street Zen upgraded shares of EMCOR Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Zacks Research upgraded EMCOR Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 30th. Finally, Stifel Nicolaus set a $918.00 target price on EMCOR Group in a research report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, EMCOR Group has a consensus rating of “Buy” and a consensus target price of $965.86.
Insiders Place Their Bets
In other EMCOR Group news, Director Carol P. Lowe sold 950 shares of the firm’s stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $844.50, for a total transaction of $802,275.00. Following the completion of the transaction, the director owned 17,278 shares of the company’s stock, valued at approximately $14,591,271. This trade represents a 5.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.73% of the company’s stock.
EMCOR Group Trading Up 0.1%
Shares of NYSE EME opened at $837.20 on Monday. The company’s 50-day moving average price is $797.43 and its 200 day moving average price is $797.89. EMCOR Group, Inc. has a 52 week low of $564.92 and a 52 week high of $951.96. The stock has a market cap of $36.93 billion, a price-to-earnings ratio of 26.04 and a beta of 1.14.
EMCOR Group (NYSE:EME – Get Free Report) last announced its earnings results on Thursday, July 30th. The construction company reported $9.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.23 by $1.83. The company had revenue of $5.15 billion during the quarter, compared to analysts’ expectations of $4.71 billion. EMCOR Group had a net margin of 7.74% and a return on equity of 35.49%. The firm’s quarterly revenue was up 19.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $6.72 earnings per share. EMCOR Group has set its FY 2026 guidance at 32.000-33.250 EPS. As a group, research analysts expect that EMCOR Group, Inc. will post 33.04 earnings per share for the current year.
EMCOR Group Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Wednesday, July 15th. EMCOR Group’s dividend payout ratio is 4.98%.
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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