3,655 Shares in EMCOR Group, Inc. $EME Acquired by Evolve Private Wealth LLC

Evolve Private Wealth LLC purchased a new stake in EMCOR Group, Inc. (NYSE:EME) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 3,655 shares of the construction company’s stock, valued at approximately $3,033,000.

Several other hedge funds also recently made changes to their positions in EME. Farringdon Capital Ltd. purchased a new position in EMCOR Group during the 2nd quarter worth approximately $461,000. X Square Capital LLC purchased a new position in shares of EMCOR Group during the 2nd quarter worth approximately $1,013,000. George Kaiser Family Foundation purchased a new stake in shares of EMCOR Group during the 2nd quarter worth $258,000. Landscape Capital Management L.L.C. acquired a new position in EMCOR Group during the second quarter worth about $1,762,000. Finally, Korea Investment CORP acquired a new position in EMCOR Group during the second quarter worth $42,629,000. Hedge funds and other institutional investors own 92.59% of the company’s stock.

EMCOR Group Trading Down 1.2%

EMCOR Group stock opened at $777.68 on Friday. The stock has a fifty day moving average price of $797.37 and a 200 day moving average price of $800.45. EMCOR Group, Inc. has a 52 week low of $564.92 and a 52 week high of $951.96. The firm has a market capitalization of $34.30 billion, a P/E ratio of 24.19 and a beta of 1.14.

EMCOR Group (NYSE:EME) last posted its quarterly earnings results on Thursday, July 30th. The construction company reported $9.06 EPS for the quarter, beating 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 company had revenue of $5.15 billion during the quarter, compared to analysts’ expectations of $4.71 billion. During the same quarter in the previous year, the business earned $6.72 EPS. The firm’s 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. As a group, equities analysts predict that EMCOR Group, Inc. will post 33.04 EPS for the current year.

EMCOR Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 31st. Investors 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 yield of 0.2%. The ex-dividend date of this dividend was Wednesday, July 15th. EMCOR Group’s dividend payout ratio is 4.98%.

Insider Transactions at EMCOR Group

In other EMCOR Group news, Director Carol P. Lowe sold 950 shares of the business’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 transaction, the director owned 17,278 shares in the company, valued at $14,591,271. The trade was a 5.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on EME. Weiss Ratings reiterated a “buy (b)” rating on shares of EMCOR Group in a research report on Friday, July 17th. Wall Street Zen upgraded EMCOR Group from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. DA Davidson set a $1,047.00 price target on EMCOR Group in a research report on Monday, August 10th. 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 report on Monday, August 10th. Finally, UBS Group upped their price objective on EMCOR Group from $975.00 to $1,065.00 and gave the company a “buy” rating in a research report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, EMCOR Group presently has an average rating of “Buy” and an average price target of $965.86.

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.