Allspring Global Investments Holdings LLC Trims Position in EMCOR Group, Inc. $EME

Allspring Global Investments Holdings LLC lessened its holdings in shares of EMCOR Group, Inc. (NYSE:EME) by 38.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 213,893 shares of the construction company’s stock after selling 133,869 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in EMCOR Group were worth $162,462,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ascentis Independent Advisors purchased a new position in EMCOR Group during the 1st quarter valued at $27,000. Swiss RE Ltd. purchased a new stake in shares of EMCOR Group in the 4th quarter worth about $25,000. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of EMCOR Group during the 4th quarter valued at about $26,000. Zions Bancorporation National Association UT bought a new stake in shares of EMCOR Group during the 4th quarter valued at about $28,000. Finally, Activest Wealth Management increased its position in shares of EMCOR Group by 800.0% during the fourth quarter. Activest Wealth Management now owns 54 shares of the construction company’s stock valued at $33,000 after buying an additional 48 shares during the period. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Stifel Nicolaus set a $918.00 price target on shares of EMCOR Group in a research note on Thursday, April 30th. Zacks Research upgraded EMCOR Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 30th. Wall Street Zen raised EMCOR Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Weiss Ratings restated a “buy (b)” rating on shares of EMCOR Group in a research note on Monday, April 20th. Finally, Oppenheimer initiated coverage on EMCOR Group in a report on Thursday, May 28th. They issued an “outperform” rating and a $1,100.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, EMCOR Group has an average rating of “Moderate Buy” and an average price target of $871.25.

EMCOR Group Stock Down 2.4%

EME stock opened at $751.06 on Friday. EMCOR Group, Inc. has a twelve month low of $540.00 and a twelve month high of $951.96. The firm has a market cap of $33.38 billion, a PE ratio of 25.20 and a beta of 1.13. The business has a 50 day moving average of $832.79 and a 200 day moving average of $779.94.

EMCOR Group (NYSE:EME) last released its earnings results on Wednesday, April 29th. The construction company reported $6.84 EPS for the quarter, topping the consensus estimate of $5.90 by $0.94. EMCOR Group had a return on equity of 35.19% and a net margin of 7.54%.The business had revenue of $4.63 billion for the quarter, compared to the consensus estimate of $4.20 billion. During the same period in the previous year, the company posted $5.41 earnings per share. The company’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 28.250-29.750 EPS. On average, research analysts expect that EMCOR Group, Inc. will post 29.37 earnings per share for the current fiscal year.

EMCOR Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Wednesday, July 15th. EMCOR Group’s payout ratio is currently 5.37%.

Insider Buying and Selling

In other EMCOR Group news, CFO Jason R. Nalbandian sold 800 shares of EMCOR Group stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $856.43, for a total value of $685,144.00. Following the completion of the transaction, the chief financial officer directly owned 18,157 shares of the company’s stock, valued at approximately $15,550,199.51. The trade was a 4.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Carol P. Lowe sold 950 shares of the company’s stock in a transaction that occurred on 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 transaction, 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 disclosure for this sale is available in the SEC filing. Insiders have sold a total of 10,027 shares of company stock worth $8,957,466 over the last quarter. 0.83% of the stock is owned by insiders.

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.