Empowered Funds LLC acquired a new stake in EMCOR Group, Inc. (NYSE:EME – Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 21,083 shares of the construction company’s stock, valued at approximately $17,496,000.
Several other hedge funds have also added to or reduced their stakes in the business. Swiss RE Ltd. acquired a new stake in EMCOR Group during 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 $27,000. Zions Bancorporation National Association UT acquired a new stake in shares of EMCOR Group during the fourth quarter worth $28,000. Activest Wealth Management raised its stake in EMCOR Group by 800.0% during 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 lifted its holdings in EMCOR Group by 4,700.0% in the first quarter. Basecamp Wealth Advisors LLC now owns 48 shares of the construction company’s stock valued at $35,000 after buying an additional 47 shares during the period. 92.59% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on EME shares. DA Davidson set a $1,047.00 target price on EMCOR Group in a research note on Monday, August 10th. Wall Street Zen upgraded EMCOR Group from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Cantor Fitzgerald reduced their price objective 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. UBS Group lifted their price objective on shares of EMCOR Group from $975.00 to $1,065.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Finally, Oppenheimer boosted their target price on shares of EMCOR Group from $1,100.00 to $1,200.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $965.86.
EMCOR Group Stock Down 4.4%
Shares of EMCOR Group stock opened at $740.85 on Friday. The company has a market cap of $32.68 billion, a PE ratio of 23.04 and a beta of 1.14. EMCOR Group, Inc. has a 52 week low of $564.92 and a 52 week high of $951.96. The business has a 50 day moving average price of $789.57 and a 200-day moving average price of $801.29.
EMCOR Group (NYSE:EME – Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The construction company reported $9.06 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $4.71 billion. During the same period in the previous year, the firm earned $6.72 EPS. The business’s revenue for the quarter was up 19.7% compared to the same quarter last year. EMCOR Group has set its FY 2026 guidance at 32.000-33.250 EPS. As a group, research analysts anticipate that EMCOR Group, Inc. will post 33.04 EPS for the current year.
EMCOR Group Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Wednesday, July 15th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Wednesday, July 15th. EMCOR Group’s payout ratio is 4.98%.
Insider Activity at EMCOR Group
In other EMCOR Group news, Director Carol P. Lowe sold 950 shares of the firm’s stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $844.50, for a total value of $802,275.00. Following the completion of the sale, the director directly 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 filing with the SEC, which is available through this link. Company insiders own 0.73% of the company’s stock.
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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