GHP Investment Advisors Inc. decreased its holdings in shares of EMCOR Group, Inc. (NYSE:EME – Free Report) by 3.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,888 shares of the construction company’s stock after selling 1,065 shares during the quarter. EMCOR Group accounts for approximately 1.0% of GHP Investment Advisors Inc.’s portfolio, making the stock its 19th largest position. GHP Investment Advisors Inc. owned about 0.07% of EMCOR Group worth $23,543,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC lifted its stake in EMCOR Group by 12.9% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 12,149 shares of the construction company’s stock worth $7,972,000 after purchasing an additional 1,389 shares during the last quarter. Sierra Summit Advisors LLC bought a new position in shares of EMCOR Group during the 3rd quarter valued at about $5,459,000. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund raised its holdings in shares of EMCOR Group by 100.0% during the 3rd quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund now owns 3,600 shares of the construction company’s stock valued at $2,338,000 after buying an additional 1,800 shares in the last quarter. North Dakota State Investment Board bought a new stake in EMCOR Group in the 4th quarter worth approximately $928,000. Finally, Munich Reinsurance Co Stock Corp in Munich purchased a new stake in EMCOR Group in the third quarter worth approximately $8,874,000. 92.59% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several research analysts have commented on the stock. Robert W. Baird lifted their price target on shares of EMCOR Group from $713.00 to $808.00 and gave the stock an “outperform” rating in a research note on Friday, February 27th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $1,123.00 target price on shares of EMCOR Group in a report on Tuesday, June 16th. DA Davidson lifted their target price on shares of EMCOR Group from $800.00 to $900.00 and gave the stock a “buy” rating in a research report on Friday, February 27th. Weiss Ratings reissued a “buy (b)” rating on shares of EMCOR Group in a research note on Monday, April 20th. Finally, Oppenheimer initiated coverage on shares of EMCOR Group in a research report on Thursday, May 28th. They set an “outperform” rating and a $1,100.00 price target for the company. Ten equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $871.25.
Insider Transactions at EMCOR Group
In other news, Director Carol P. Lowe sold 950 shares of the company’s stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $844.50, for a total transaction of $802,275.00. Following the completion of the transaction, the director directly owned 17,278 shares of the company’s stock, valued at approximately $14,591,271. This represents a 5.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Robert Peter Lind sold 675 shares of the stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $894.27, for a total transaction of $603,632.25. Following the sale, the vice president owned 4,216 shares of the company’s stock, valued at approximately $3,770,242.32. This represents a 13.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 10,027 shares of company stock valued at $8,957,466. Company insiders own 0.83% of the company’s stock.
EMCOR Group Stock Performance
Shares of EME stock opened at $864.00 on Friday. The company has a market capitalization of $38.40 billion, a P/E ratio of 28.98 and a beta of 1.12. EMCOR Group, Inc. has a fifty-two week low of $504.58 and a fifty-two week high of $951.96. The stock has a 50 day moving average price of $856.82 and a two-hundred day moving average price of $762.93.
EMCOR Group (NYSE:EME – Get Free Report) last issued its earnings results on Wednesday, April 29th. The construction company reported $6.84 EPS for the quarter, topping the consensus estimate of $5.90 by $0.94. EMCOR Group had a net margin of 7.54% and a return on equity of 35.19%. The company had revenue of $4.63 billion for the quarter, compared to the consensus estimate of $4.20 billion. During the same period in the previous year, the firm earned $5.41 earnings per share. The firm’s revenue for the quarter was up 19.7% on a year-over-year basis. EMCOR Group has set its FY 2026 guidance at 28.250-29.750 EPS. As a group, equities analysts predict that EMCOR Group, Inc. will post 29.37 earnings per share for the current year.
EMCOR Group Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Thursday, April 16th were given a $0.40 dividend. The ex-dividend date was Thursday, April 16th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.2%. EMCOR Group’s payout ratio is presently 5.37%.
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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