Royal London Asset Management Ltd. Buys 1,806 Shares of EMCOR Group, Inc. $EME

Royal London Asset Management Ltd. grew its position in EMCOR Group, Inc. (NYSE:EMEFree Report) by 35.9% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,840 shares of the construction company’s stock after purchasing an additional 1,806 shares during the period. Royal London Asset Management Ltd.’s holdings in EMCOR Group were worth $5,676,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Swiss RE Ltd. bought a new stake in EMCOR Group during the fourth quarter worth about $25,000. Ascentis Independent Advisors acquired a new position in shares of EMCOR Group in the 1st quarter worth approximately $27,000. Zions Bancorporation National Association UT acquired a new position in shares of EMCOR Group in the 4th quarter worth approximately $28,000. Basecamp Wealth Advisors LLC grew its position 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 worth $35,000 after acquiring an additional 47 shares during the last quarter. Finally, Elyxium Wealth LLC acquired a new stake in EMCOR Group during the 4th quarter valued at $37,000. Institutional investors own 92.59% of the company’s stock.

EMCOR Group Trading Down 0.7%

Shares of NYSE:EME opened at $734.73 on Tuesday. EMCOR Group, Inc. has a 1-year low of $564.92 and a 1-year high of $951.96. The stock has a market capitalization of $32.41 billion, a P/E ratio of 22.85 and a beta of 1.14. The business has a 50-day moving average price of $786.87 and a two-hundred day moving average price of $801.16.

EMCOR Group (NYSE:EMEGet Free Report) last announced 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 for the quarter, compared to analysts’ expectations of $4.71 billion. During the same period last year, the firm earned $6.72 earnings per share. The business’s revenue for the quarter was up 19.7% on a year-over-year basis. EMCOR Group has set its FY 2026 guidance at 32.000-33.250 EPS. As a group, equities analysts predict that EMCOR Group, Inc. will post 33.04 EPS for the current year.

EMCOR Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend was Wednesday, July 15th. EMCOR Group’s payout ratio is presently 4.98%.

Insider Activity

In other news, Director Carol P. Lowe sold 950 shares of the firm’s stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $844.50, for a total transaction of $802,275.00. Following 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.73% of the stock is owned by company insiders.

Analysts Set New Price Targets

EME has been the topic of a number of recent analyst reports. Weiss Ratings lowered EMCOR Group from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday. DA Davidson set a $1,047.00 target price on EMCOR Group in a research note on Monday, August 10th. UBS Group lifted their price target on EMCOR Group from $975.00 to $1,065.00 and gave the company a “buy” rating in a report on Friday, July 31st. Cantor Fitzgerald decreased their price objective on shares of EMCOR Group from $1,123.00 to $1,047.00 and set an “overweight” rating on the stock in a report on Monday, August 10th. Finally, Zacks Research upgraded shares of EMCOR Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 30th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned 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.

Read Our Latest Report on EMCOR Group

About EMCOR Group

(Free Report)

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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Institutional Ownership by Quarter for EMCOR Group (NYSE:EME)

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