Sei Investments Co. cut its stake in EMCOR Group, Inc. (NYSE:EME – Free Report) by 6.2% in the 1st quarter, HoldingsChannel reports. The fund owned 184,214 shares of the construction company’s stock after selling 12,276 shares during the period. Sei Investments Co.’s holdings in EMCOR Group were worth $136,007,000 at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in EME. Northwestern Mutual Wealth Management Co. lifted its position 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 worth $409,661,000 after purchasing an additional 669,105 shares during the period. Norges Bank acquired a new position in shares of EMCOR Group during the 4th quarter valued at $389,702,000. Bank of Montreal Can raised its stake in shares of EMCOR Group by 425.8% in the 4th quarter. Bank of Montreal Can now owns 560,477 shares of the construction company’s stock worth $342,894,000 after buying an additional 453,876 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of EMCOR Group by 34.5% in the fourth quarter. Victory Capital Management Inc. now owns 1,276,966 shares of the construction company’s stock valued at $781,239,000 after buying an additional 327,606 shares during the period. Finally, Earnest Partners LLC acquired a new stake in shares of EMCOR Group in the fourth quarter valued at $156,714,000. Institutional investors and hedge funds own 92.59% of the company’s stock.
Wall Street Analyst Weigh In
EME has been the topic of a number of research analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of EMCOR Group in a report on Friday, July 17th. Zacks Research upgraded shares of EMCOR Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 30th. Wall Street Zen upgraded shares of EMCOR Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Oppenheimer initiated coverage on EMCOR Group in a research report on Thursday, May 28th. They set an “outperform” rating and a $1,100.00 price objective for the company. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $1,123.00 price objective on shares of EMCOR Group in a research note on Tuesday, June 16th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $871.25.
Insider Transactions at EMCOR Group
In other EMCOR Group news, VP Robert Peter Lind sold 675 shares of EMCOR Group stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $894.27, for a total transaction of $603,632.25. Following the transaction, 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Carol P. Lowe sold 950 shares of the business’s stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $844.50, for a total transaction of $802,275.00. Following the sale, the director directly owned 17,278 shares in the company, valued at approximately $14,591,271. This trade represents a 5.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 10,027 shares of company stock worth $8,957,466. 0.73% of the stock is currently owned by insiders.
EMCOR Group Trading Up 1.8%
EME stock opened at $769.01 on Friday. EMCOR Group, Inc. has a one year low of $564.92 and a one year high of $951.96. The firm has a market capitalization of $34.17 billion, a PE ratio of 25.80 and a beta of 1.13. The firm has a 50-day moving average of $815.64 and a two-hundred day moving average of $784.65.
EMCOR Group (NYSE:EME – Get Free Report) last announced 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. The company had revenue of $4.63 billion during the quarter, compared to analysts’ expectations of $4.20 billion. EMCOR Group had a net margin of 7.54% and a return on equity of 35.19%. The business’s revenue for the quarter was up 19.7% on a year-over-year basis. During the same period last year, the company posted $5.41 earnings per share. EMCOR Group has set its FY 2026 guidance at 28.250-29.750 EPS. On average, equities research analysts anticipate that EMCOR Group, Inc. will post 29.37 earnings per share for the current year.
EMCOR Group Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Wednesday, July 15th will be paid a $0.40 dividend. The ex-dividend date of this dividend is 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 (DPR) is currently 5.37%.
About EMCOR Group
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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