Commerce Bank purchased a new stake in EMCOR Group, Inc. (NYSE:EME – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,009 shares of the construction company’s stock, valued at approximately $4,157,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Great Lakes Advisors LLC grew its position in EMCOR Group by 32.3% during the 1st quarter. Great Lakes Advisors LLC now owns 590 shares of the construction company’s stock worth $218,000 after purchasing an additional 144 shares in the last quarter. Geneos Wealth Management Inc. lifted its holdings in shares of EMCOR Group by 93.0% in the first quarter. Geneos Wealth Management Inc. now owns 220 shares of the construction company’s stock valued at $81,000 after purchasing an additional 106 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in shares of EMCOR Group in the second quarter worth $459,000. Baird Financial Group Inc. grew its holdings in shares of EMCOR Group by 5.0% during the second quarter. Baird Financial Group Inc. now owns 5,820 shares of the construction company’s stock valued at $3,113,000 after buying an additional 275 shares in the last quarter. Finally, Bank of Nova Scotia grew its holdings in shares of EMCOR Group by 406.1% during the second quarter. Bank of Nova Scotia now owns 4,565 shares of the construction company’s stock valued at $2,442,000 after buying an additional 3,663 shares in the last quarter. Institutional investors and hedge funds own 92.59% of the company’s stock.
Analysts Set New Price Targets
Several equities analysts have weighed in on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of EMCOR Group in a research note on Friday, July 17th. DA Davidson set a $1,047.00 price target on shares of EMCOR Group in a research report on Monday, August 10th. Oppenheimer boosted their price objective on shares of EMCOR Group from $1,100.00 to $1,200.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. Zacks Research upgraded shares of EMCOR Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 30th. Finally, Cantor Fitzgerald decreased their target price on shares of EMCOR Group from $1,123.00 to $1,047.00 and set an “overweight” rating for the company in a research note on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $965.86.
Insider Activity
In related 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 value of $802,275.00. Following the completion of the sale, the director directly owned 17,278 shares in the company, valued at approximately $14,591,271. This represents a 5.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.73% of the company’s stock.
EMCOR Group Stock Performance
Shares of NYSE EME opened at $765.23 on Tuesday. The business has a 50 day simple moving average of $795.86 and a 200 day simple moving average of $801.09. 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 $33.75 billion, a price-to-earnings ratio of 23.80 and a beta of 1.14.
EMCOR Group (NYSE:EME – Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The construction company reported $9.06 earnings per share for the quarter, beating the consensus estimate of $7.23 by $1.83. The firm had revenue of $5.15 billion for the quarter, compared to analyst estimates of $4.71 billion. EMCOR Group had a net margin of 7.74% and a return on equity of 35.49%. The company’s revenue for the quarter was up 19.7% on a year-over-year basis. During the same quarter last year, the firm earned $6.72 earnings per share. EMCOR Group has set its FY 2026 guidance at 32.000-33.250 EPS. On average, analysts predict that EMCOR Group, Inc. will post 33.04 EPS for the current year.
EMCOR Group Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Wednesday, July 15th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Wednesday, July 15th. EMCOR Group’s payout ratio is presently 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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