EMCOR Group, Inc. $EME Stake Cut by Monument Capital Management

Monument Capital Management trimmed its holdings in EMCOR Group, Inc. (NYSE:EME – Free Report) by 90.9% in the third quarter, Holdings Channel.com reports. The institutional investor owned 956 shares of the construction company’s stock after selling 9,562 shares during the quarter. Monument Capital Management’s holdings in EMCOR Group were worth $721,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in EME. Ascentis Independent Advisors acquired a new stake in EMCOR Group during the 1st quarter worth approximately $27,000. NBH Bank purchased a new stake in shares of EMCOR Group during the second quarter worth approximately $27,000. Basecamp Wealth Advisors LLC raised its stake in shares of EMCOR Group by 4,700.0% during the first quarter. Basecamp Wealth Advisors LLC now owns 48 shares of the construction company’s stock worth $35,000 after purchasing an additional 47 shares during the last quarter. Clearstead Trust LLC acquired a new stake in shares of EMCOR Group during the second quarter worth $38,000. Finally, Orion Capital Management LLC acquired a new stake in shares of EMCOR Group during the second quarter worth $39,000. Institutional investors and hedge funds own 92.59% of the company’s stock.

EMCOR Group Stock Down 1.0%

Shares of EME stock opened at $776.95 on Friday. EMCOR Group, Inc. has a fifty-two week low of $564.92 and a fifty-two week high of $951.96. The stock has a market cap of $34.27 billion, a P/E ratio of 24.17 and a beta of 1.12. The business has a fifty day simple moving average of $777.14 and a 200-day simple moving average of $801.82.

EMCOR Group (NYSE:EME – Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The construction company reported $9.06 EPS for the quarter, topping the consensus estimate of $7.23 by $1.83. EMCOR Group had a net margin of 7.74% and a return on equity of 35.49%. The business had revenue of $5.15 billion for the quarter, compared to analyst estimates 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. On average, sell-side analysts anticipate that EMCOR Group, Inc. will post 32.98 earnings per share for the current year.

EMCOR Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Thursday, October 15th will be given a $0.40 dividend. The ex-dividend date is Thursday, October 15th. This represents a $1.60 annualized dividend and a dividend yield of 0.2%. EMCOR Group’s dividend payout ratio is currently 4.98%.

Wall Street Analysts Forecast Growth

EME has been the subject of a number of analyst reports. Oppenheimer upped their price objective 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. DA Davidson set a $1,047.00 price target on shares of EMCOR Group in a research note on Monday, August 10th. UBS Group increased their price target on shares of EMCOR Group from $975.00 to $1,065.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Weiss Ratings downgraded shares of EMCOR Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, August 27th. Finally, Cantor Fitzgerald dropped their target price on EMCOR Group from $1,123.00 to $1,047.00 and set an “overweight” rating on the stock in a research report on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $1,014.17.

Get Our Latest Stock Analysis on EME

EMCOR Group Profile

(Free Report)

EMCOR Group, Inc is a specialty construction and facilities services company headquartered in Norwalk, Connecticut. The company provides mechanical and electrical construction, building services, industrial services, energy infrastructure, and related maintenance solutions for commercial, industrial, institutional, governmental, and utility customers.

Its activities include designing and installing heating, ventilation, and air-conditioning systems; electrical power and communications infrastructure; plumbing and piping systems; fire protection; process systems; and building automation technologies.

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Institutional Ownership by Quarter for EMCOR Group (NYSE:EME)

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