United Capital Financial Advisors LLC acquired a new stake in EMCOR Group, Inc. (NYSE:EME – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,662 shares of the construction company’s stock, valued at approximately $1,379,000.
A number of other institutional investors and hedge funds also recently bought and sold shares of EME. North Dakota State Investment Board acquired a new stake in shares of EMCOR Group during the fourth quarter worth $928,000. Sapient Capital LLC purchased a new position in EMCOR Group in the 2nd quarter worth about $5,962,000. Thrivent Financial for Lutherans increased its position in shares of EMCOR Group by 663.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 113,562 shares of the construction company’s stock worth $69,476,000 after acquiring an additional 98,687 shares in the last quarter. Summit Global Investments acquired a new stake in shares of EMCOR Group during the second quarter valued at approximately $3,791,000. Finally, Passumpsic Savings Bank acquired a new position in EMCOR Group in the 4th quarter worth approximately $1,726,000. 92.59% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling at EMCOR Group
In other news, Director Carol P. Lowe sold 950 shares of the company’s 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 represents a 5.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.73% of the stock is owned by corporate insiders.
EMCOR Group Price Performance
EMCOR Group (NYSE:EME – Get Free Report) last posted its earnings results on Thursday, July 30th. The construction company reported $9.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.23 by $1.83. The firm had revenue of $5.15 billion during the quarter, compared to analysts’ expectations of $4.71 billion. EMCOR Group had a net margin of 7.74% and a return on equity of 35.49%. The company’s revenue was up 19.7% compared to the same quarter last year. During the same period in the previous year, the company earned $6.72 earnings per share. EMCOR Group has set its FY 2026 guidance at 32.000-33.250 EPS. As a group, equities 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 declared a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th were given a $0.40 dividend. 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 payout ratio is currently 4.98%.
Analyst Ratings Changes
A number of analysts have recently issued reports on EME shares. Zacks Research upgraded EMCOR Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 30th. Wall Street Zen upgraded EMCOR Group from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Weiss Ratings downgraded shares of EMCOR Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday. Cantor Fitzgerald dropped their price objective on shares of EMCOR Group from $1,123.00 to $1,047.00 and set an “overweight” rating on the stock in a research note on Monday, August 10th. Finally, DA Davidson set a $1,047.00 target price on shares of EMCOR Group in a research report on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, EMCOR Group has a consensus rating of “Buy” and an average target price of $965.86.
View Our Latest Stock Report on EME
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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