Capstone Investment Advisors LLC bought a new stake in shares of EMCOR Group, Inc. (NYSE:EME – Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 1,825 shares of the construction company’s stock, valued at approximately $1,515,000.
Other institutional investors and hedge funds also recently modified their holdings of the company. Ascentis Independent Advisors bought a new position in EMCOR Group during the first quarter valued at about $27,000. Swiss RE Ltd. acquired a new stake in shares of EMCOR Group during the fourth quarter worth $25,000. Zions Bancorporation National Association UT acquired a new stake in EMCOR Group during the 4th quarter worth about $28,000. Clearstead Trust LLC purchased a new stake in shares of EMCOR Group in the 2nd quarter valued at approximately $38,000. Finally, Basecamp Wealth Advisors LLC lifted its holdings in shares of 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 purchasing an additional 47 shares in the last quarter. Institutional investors own 92.59% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research firms have recently issued reports on EME. Weiss Ratings reissued a “buy (b)” rating on shares of EMCOR Group in a research report on Friday, July 17th. DA Davidson set a $1,047.00 price target on EMCOR Group in a research report on Monday, August 10th. Oppenheimer upped their price objective on shares of EMCOR Group from $1,100.00 to $1,200.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Stifel Nicolaus set a $918.00 target price on EMCOR Group in a research note on Thursday, April 30th. Finally, Wall Street Zen raised shares of EMCOR Group from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, EMCOR Group has an average rating of “Buy” and an average price target of $965.86.
Insider Activity at EMCOR Group
In related news, Director Carol P. Lowe sold 950 shares of the firm’s stock in a transaction that occurred 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 owned 17,278 shares of the company’s stock, valued at $14,591,271. This trade represents a 5.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.73% of the stock is owned by company insiders.
EMCOR Group Stock Performance
Shares of NYSE:EME opened at $775.48 on Friday. The company has a market capitalization of $34.21 billion, a PE ratio of 24.12 and a beta of 1.14. EMCOR Group, Inc. has a 52 week low of $564.92 and a 52 week high of $951.96. The company’s fifty day moving average is $791.50 and its 200-day moving average is $801.71.
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 the consensus estimate of $7.23 by $1.83. The company had revenue of $5.15 billion during 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 was up 19.7% on a year-over-year basis. During the same quarter last year, the business posted $6.72 earnings per share. EMCOR Group has set its FY 2026 guidance at 32.000-33.250 EPS. On average, analysts forecast that EMCOR Group, Inc. will post 33.04 EPS for the current year.
EMCOR Group Dividend Announcement
The business also recently disclosed 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. The ex-dividend date of this dividend was 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 is currently 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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