Paralel Advisors LLC acquired a new stake in shares of EMCOR Group, Inc. (NYSE:EME – Free Report) in the second quarter, HoldingsChannel reports. The fund acquired 3,129 shares of the construction company’s stock, valued at approximately $2,597,000.
Other hedge funds have also recently bought and sold shares of the company. Swiss RE Ltd. acquired a new position in shares of EMCOR Group in the 4th quarter valued at approximately $25,000. Ascentis Independent Advisors acquired a new stake in shares of EMCOR Group during the first quarter worth approximately $27,000. Zions Bancorporation National Association UT acquired a new stake in shares of EMCOR Group during the fourth quarter worth approximately $28,000. Activest Wealth Management increased its stake in shares of EMCOR Group by 800.0% in the fourth quarter. Activest Wealth Management now owns 54 shares of the construction company’s stock worth $33,000 after buying an additional 48 shares during the last quarter. Finally, Basecamp Wealth Advisors LLC increased its stake 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 worth $35,000 after buying an additional 47 shares during the last quarter. Institutional investors and hedge funds own 92.59% of the company’s stock.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on EME shares. UBS Group upped their price target on shares of 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 dropped their target price on shares of EMCOR Group from $1,123.00 to $1,047.00 and set an “overweight” rating for the company in a research report on Monday, August 10th. Wall Street Zen raised shares of EMCOR Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Weiss Ratings restated a “buy (b)” rating on shares of EMCOR Group in a research note on Friday, July 17th. Finally, Oppenheimer increased their price target on shares of EMCOR Group from $1,100.00 to $1,200.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $965.86.
Insider Activity at EMCOR Group
In related news, Director Carol P. Lowe sold 950 shares of the business’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 sale, the director owned 17,278 shares of the company’s stock, valued at $14,591,271. This represents a 5.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.73% of the company’s stock.
EMCOR Group Trading Down 2.2%
EME stock opened at $788.39 on Friday. The firm has a market cap of $34.78 billion, a P/E ratio of 24.52 and a beta of 1.14. EMCOR Group, Inc. has a 12-month low of $564.92 and a 12-month high of $951.96. The stock’s 50 day simple moving average is $798.27 and its 200 day simple moving average is $800.61.
EMCOR Group (NYSE:EME – Get 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, topping the consensus estimate of $7.23 by $1.83. The firm had revenue of $5.15 billion for the quarter, compared to analysts’ expectations of $4.71 billion. EMCOR Group had a return on equity of 35.49% and a net margin of 7.74%.The firm’s revenue for the quarter was up 19.7% on a year-over-year basis. During the same period 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, research analysts forecast that EMCOR Group, Inc. will post 33.04 EPS for the current fiscal year.
EMCOR Group Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th were issued a $0.40 dividend. The ex-dividend date of this dividend was Wednesday, July 15th. This represents a $1.60 annualized dividend and a dividend yield of 0.2%. EMCOR Group’s payout ratio is 4.98%.
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.
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