Legal & General Group Plc purchased a new stake in shares of EMCOR Group, Inc. (NYSE:EME – Free Report) in the second quarter, according to its most recent 13F filing with the SEC. The fund purchased 202,469 shares of the construction company’s stock, valued at approximately $168,025,000.
Several other institutional investors have also recently made changes to their positions in EME. Ascentis Independent Advisors bought a new stake in EMCOR Group during the first quarter valued at $27,000. Swiss RE Ltd. purchased a new position in shares of EMCOR Group during the 4th quarter valued at about $25,000. Zions Bancorporation National Association UT bought a new stake in shares of EMCOR Group in the 4th quarter worth approximately $28,000. Clearstead Trust LLC bought a new stake in EMCOR Group in the second quarter worth $38,000. Finally, Basecamp Wealth Advisors LLC boosted its holdings in EMCOR Group by 4,700.0% during the 1st 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 during the period. Institutional investors own 92.59% of the company’s stock.
Analysts Set New Price Targets
EME has been the topic of a number of recent analyst reports. DA Davidson set a $1,047.00 price target on shares of EMCOR Group in a report on Monday, August 10th. Stifel Nicolaus set a $918.00 price target on EMCOR Group in a research note on Thursday, April 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. Oppenheimer lifted their price target on EMCOR Group from $1,100.00 to $1,200.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. Finally, Cantor Fitzgerald decreased their price objective on shares of EMCOR Group from $1,123.00 to $1,047.00 and set an “overweight” rating for the company in a report 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 issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $965.86.
Insiders Place Their Bets
In other EMCOR Group news, Director Carol P. Lowe sold 950 shares of the stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $844.50, for a total value of $802,275.00. Following the completion of the sale, 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 SEC, which is accessible through the SEC website. Corporate insiders own 0.73% of the company’s stock.
EMCOR Group Trading Up 3.4%
EME opened at $765.27 on Thursday. The company’s 50 day moving average is $792.75 and its 200 day moving average is $801.64. The company has a market cap of $33.76 billion, a price-to-earnings ratio of 23.80 and a beta of 1.14. EMCOR Group, Inc. has a 12-month low of $564.92 and a 12-month high of $951.96.
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 (EPS) for the quarter, beating analysts’ consensus estimates of $7.23 by $1.83. EMCOR Group had a net margin of 7.74% and a return on equity of 35.49%. The firm had revenue of $5.15 billion during the quarter, compared to the consensus estimate of $4.71 billion. During the same quarter in the previous year, the firm posted $6.72 EPS. The company’s revenue for the quarter was up 19.7% compared to the same quarter last year. EMCOR Group has set its FY 2026 guidance at 32.000-33.250 EPS. As a group, analysts predict that EMCOR Group, Inc. will post 33.04 EPS for the current fiscal year.
EMCOR Group Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date was Wednesday, July 15th. EMCOR Group’s dividend payout ratio is presently 4.98%.
EMCOR Group 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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