Kingsview Wealth Management LLC acquired a new position in shares of EMCOR Group, Inc. (NYSE:EME – Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 771 shares of the construction company’s stock, valued at approximately $640,000.
A number of other hedge funds have also bought and sold shares of EME. BlackRock Inc. bought a new stake in EMCOR Group during the second quarter valued at $3,416,412,000. Northwestern Mutual Wealth Management Co. raised its position in shares of EMCOR Group by 132,234.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 669,611 shares of the construction company’s stock worth $409,661,000 after acquiring an additional 669,105 shares in the last quarter. Norges Bank acquired a new position in shares of EMCOR Group in the 4th quarter valued at about $389,702,000. Bank of Montreal Can lifted 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 valued at $342,894,000 after purchasing an additional 453,876 shares during the period. Finally, Deutsche Bank AG bought a new stake in shares of EMCOR Group during the 2nd quarter valued at about $342,273,000. Institutional investors own 92.59% of the company’s stock.
Insider Activity
In related news, Director Carol P. Lowe sold 950 shares of EMCOR Group stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $844.50, for a total value of $802,275.00. Following the completion of the sale, the director owned 17,278 shares of the company’s stock, valued at approximately $14,591,271. This trade represents a 5.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.73% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
Read Our Latest Research Report on EMCOR Group
EMCOR Group Price Performance
Shares of EMCOR Group stock opened at $740.85 on Monday. 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 $32.68 billion, a price-to-earnings ratio of 23.04 and a beta of 1.14. The business has a 50-day simple moving average of $789.57 and a 200 day simple moving average of $801.46.
EMCOR Group (NYSE:EME – Get Free Report) last announced its quarterly earnings results 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. EMCOR Group had a return on equity of 35.49% and a net margin of 7.74%.The business had revenue of $5.15 billion for the quarter, compared to analyst estimates of $4.71 billion. During the same quarter in the prior year, the company earned $6.72 earnings per share. The company’s quarterly revenue was up 19.7% on a year-over-year basis. EMCOR Group has set its FY 2026 guidance at 32.000-33.250 EPS. On average, sell-side analysts expect that EMCOR Group, Inc. will post 33.04 EPS for the current year.
EMCOR Group Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th were given a dividend of $0.40 per share. 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 dividend payout ratio is presently 4.98%.
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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