D.B. Root & Company LLC purchased a new stake in EMCOR Group, Inc. (NYSE:EME – Free Report) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 1,209 shares of the construction company’s stock, valued at approximately $1,003,000.
Several other institutional investors have also modified their holdings of the stock. Swiss RE Ltd. acquired a new position in shares of EMCOR Group in the 4th quarter valued at $25,000. Ascentis Independent Advisors acquired a new stake in EMCOR Group during the 1st quarter worth $27,000. Zions Bancorporation National Association UT purchased a new stake in EMCOR Group in the fourth quarter valued at $28,000. Activest Wealth Management lifted its position in EMCOR Group by 800.0% in the fourth quarter. Activest Wealth Management now owns 54 shares of the construction company’s stock valued at $33,000 after acquiring an additional 48 shares during the last quarter. Finally, Basecamp Wealth Advisors LLC boosted its stake in EMCOR Group by 4,700.0% in the first quarter. Basecamp Wealth Advisors LLC now owns 48 shares of the construction company’s stock valued at $35,000 after acquiring an additional 47 shares in the last quarter. Hedge funds and other institutional investors own 92.59% of the company’s stock.
Insider Transactions at EMCOR Group
In other EMCOR Group news, Director Carol P. Lowe sold 950 shares of the company’s stock in a transaction on Wednesday, June 17th. The shares were 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 in the company, valued at approximately $14,591,271. This represents a 5.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.73% of the company’s stock.
EMCOR Group Stock Up 0.1%
EMCOR Group (NYSE:EME – Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The construction company reported $9.06 earnings per share 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 return on equity of 35.49% and a net margin of 7.74%.The firm’s revenue for the quarter was up 19.7% on a year-over-year basis. During the same period last year, the firm earned $6.72 EPS. EMCOR Group has set its FY 2026 guidance at 32.000-33.250 EPS. Analysts expect that EMCOR Group, Inc. will post 33.04 earnings per share for the current fiscal year.
EMCOR Group Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Wednesday, July 15th were given a $0.40 dividend. 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 (DPR) is 4.98%.
Wall Street Analyst Weigh In
EME has been the topic of a number of research analyst reports. Stifel Nicolaus set a $918.00 target price on EMCOR Group in a research report on Thursday, April 30th. Oppenheimer raised their price target on EMCOR Group from $1,100.00 to $1,200.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. DA Davidson set a $1,047.00 price target on EMCOR Group in a research report on Monday, August 10th. UBS Group boosted their price objective on EMCOR Group from $975.00 to $1,065.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of EMCOR Group in a report on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, EMCOR Group has a consensus rating of “Buy” and an average target price of $965.86.
Check Out Our Latest Stock Report on EMCOR Group
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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