Elevation Point Wealth Partners LLC Acquires New Position in EMCOR Group, Inc. $EME

Elevation Point Wealth Partners LLC acquired a new position in shares of EMCOR Group, Inc. (NYSE:EME) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,366 shares of the construction company’s stock, valued at approximately $1,134,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Daiichi Life Insurance Co. Ltd. purchased a new position in EMCOR Group in the second quarter valued at about $2,209,000. Commerce Bank purchased a new stake in shares of EMCOR Group during the 2nd quarter worth approximately $4,157,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of EMCOR Group during the 2nd quarter worth approximately $450,000. CFO4Life Group LLC acquired a new stake in shares of EMCOR Group in the 2nd quarter worth approximately $1,223,000. Finally, Quantbot Technologies LP acquired a new stake in shares of EMCOR Group in the 2nd quarter worth approximately $3,625,000. 92.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Oppenheimer lifted their price objective on EMCOR Group from $1,100.00 to $1,200.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Weiss Ratings restated a “buy (b)” rating on shares of EMCOR Group in a research report on Friday, July 17th. Cantor Fitzgerald cut their price target on EMCOR Group from $1,123.00 to $1,047.00 and set an “overweight” rating for the company in a research note on Monday, August 10th. Zacks Research upgraded shares of EMCOR Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 30th. Finally, Stifel Nicolaus set a $918.00 price objective on shares of EMCOR Group in a research note on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, EMCOR Group has an average rating of “Buy” and an average target price of $965.86.

Insider Buying and Selling

In related news, Director Carol P. Lowe sold 950 shares of EMCOR Group stock in a transaction dated Wednesday, June 17th. The stock was 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 in the company, 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 this hyperlink. Corporate insiders own 0.73% of the company’s stock.

EMCOR Group Stock Performance

EME stock opened at $765.23 on Tuesday. EMCOR Group, Inc. has a 1 year low of $564.92 and a 1 year high of $951.96. The stock’s 50 day moving average price is $795.86 and its 200 day moving average price is $801.09. The firm has a market cap of $33.75 billion, a P/E ratio of 23.80 and a beta of 1.14.

EMCOR Group (NYSE:EME) last released its quarterly earnings results on Thursday, July 30th. The construction company reported $9.06 earnings per share for the quarter, topping the consensus estimate of $7.23 by $1.83. The company had revenue of $5.15 billion during the quarter, compared to the consensus estimate of $4.71 billion. EMCOR Group had a return on equity of 35.49% and a net margin of 7.74%.EMCOR Group’s revenue was up 19.7% compared to the same quarter last year. During the same quarter 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 predict that EMCOR Group, Inc. will post 33.04 earnings per share for the current year.

EMCOR Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Wednesday, July 15th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Wednesday, July 15th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.2%. EMCOR Group’s dividend payout ratio (DPR) is presently 4.98%.

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.