Cumberland Partners Ltd increased its holdings in shares of EMCOR Group, Inc. (NYSE:EME – Free Report) by 80.0% during the fourth quarter, HoldingsChannel reports. The fund owned 6,300 shares of the construction company’s stock after buying an additional 2,800 shares during the period. Cumberland Partners Ltd’s holdings in EMCOR Group were worth $3,854,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in EMCOR Group by 17.6% during the third quarter. Vanguard Group Inc. now owns 5,332,636 shares of the construction company’s stock worth $3,463,760,000 after acquiring an additional 798,975 shares during the period. State Street Corp grew its holdings in EMCOR Group by 15.2% in the third quarter. State Street Corp now owns 1,852,991 shares of the construction company’s stock valued at $1,203,592,000 after purchasing an additional 244,494 shares during the last quarter. Victory Capital Management Inc. grew its holdings in EMCOR Group by 48.8% in the third quarter. Victory Capital Management Inc. now owns 949,360 shares of the construction company’s stock valued at $572,351,000 after purchasing an additional 311,474 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in EMCOR Group by 132,234.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 669,611 shares of the construction company’s stock valued at $409,661,000 after purchasing an additional 669,105 shares during the last quarter. Finally, AQR Capital Management LLC grew its holdings in EMCOR Group by 0.9% in the third quarter. AQR Capital Management LLC now owns 627,507 shares of the construction company’s stock valued at $405,295,000 after purchasing an additional 5,488 shares during the last quarter. Institutional investors and hedge funds own 92.59% of the company’s stock.
Insider Buying and Selling at EMCOR Group
In related news, Director Steven Schwarzwaelder sold 5,602 shares of the stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $895.19, for a total transaction of $5,014,854.38. Following the sale, the director owned 15,875 shares of the company’s stock, valued at $14,211,141.25. This trade represents a 26.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Robert Peter Lind sold 675 shares of the stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $894.27, for a total value of $603,632.25. Following the sale, the vice president directly owned 4,216 shares in the company, valued at approximately $3,770,242.32. The trade was a 13.80% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 45,077 shares of company stock valued at $34,416,471. 0.83% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
Read Our Latest Analysis on EME
EMCOR Group Stock Down 0.1%
EME opened at $848.33 on Friday. The firm has a market cap of $37.70 billion, a P/E ratio of 28.46 and a beta of 1.17. EMCOR Group, Inc. has a 52 week low of $450.68 and a 52 week high of $951.96. The business’s fifty day simple moving average is $816.81 and its 200 day simple moving average is $726.47.
EMCOR Group (NYSE:EME – Get Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The construction company reported $6.84 EPS for the quarter, beating analysts’ consensus estimates of $5.90 by $0.94. The business had revenue of $4.63 billion for the quarter, compared to analyst estimates of $4.20 billion. EMCOR Group had a return on equity of 35.19% and a net margin of 7.54%.The business’s revenue for the quarter was up 19.7% compared to the same quarter last year. During the same quarter last year, the company earned $5.41 earnings per share. EMCOR Group has set its FY 2026 guidance at 28.250-29.750 EPS. As a group, equities analysts expect that EMCOR Group, Inc. will post 28.67 EPS for the current fiscal year.
EMCOR Group Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Thursday, April 16th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, April 16th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.2%. EMCOR Group’s dividend payout ratio (DPR) is presently 5.37%.
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.
Read More
- Five stocks we like better than EMCOR Group
- SpaceX IPO: Opportunity? Or the Ultimate Hype Trade?
- CAVA Group’s Stock Looks Delicious After Strong Earnings
- Lowe’s Finds Support at $215 After Q1 Earnings Sell-Off
- Deere Beats Q2 Estimates, But Ag Weakness Weighs on Outlook
Want to see what other hedge funds are holding EME? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for EMCOR Group, Inc. (NYSE:EME – Free Report).
Receive News & Ratings for EMCOR Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EMCOR Group and related companies with MarketBeat.com's FREE daily email newsletter.
