EMCOR Group, Inc. $EME Shares Bought by NewEdge Advisors LLC

NewEdge Advisors LLC lifted its stake in EMCOR Group, Inc. (NYSE:EME) by 13.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,873 shares of the construction company’s stock after buying an additional 2,099 shares during the quarter. NewEdge Advisors LLC’s holdings in EMCOR Group were worth $14,833,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EME. NBH Bank purchased a new position in shares of EMCOR Group during the 2nd quarter valued at approximately $27,000. Ascentis Independent Advisors purchased a new stake in EMCOR Group during the first quarter worth $27,000. Swiss RE Ltd. purchased a new stake in EMCOR Group during the fourth quarter worth $25,000. Zions Bancorporation National Association UT acquired a new stake in EMCOR Group during the fourth quarter valued at $28,000. Finally, Clearstead Trust LLC purchased a new position in EMCOR Group in the second quarter valued at $38,000. 92.59% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

EME has been the subject of a number of analyst reports. Cantor Fitzgerald reduced 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. Zacks Research raised EMCOR Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 30th. UBS Group boosted 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. Weiss Ratings downgraded EMCOR Group from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, August 27th. Finally, DA Davidson set a $1,047.00 target price on EMCOR Group in a research report on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $965.86.

EMCOR Group Stock Up 4.2%

NYSE EME opened at $779.69 on Friday. EMCOR Group, Inc. has a 52 week low of $564.92 and a 52 week high of $951.96. The business’s fifty day simple moving average is $775.30 and its 200-day simple moving average is $798.29. The firm has a market cap of $34.39 billion, a PE ratio of 24.25 and a beta of 1.13.

EMCOR Group (NYSE:EME) last released its quarterly earnings data on Thursday, July 30th. The construction company reported $9.06 EPS for the quarter, beating analysts’ consensus estimates of $7.23 by $1.83. The firm had revenue of $5.15 billion for the quarter, compared to analysts’ expectations of $4.71 billion. EMCOR Group had a return on equity of 35.49% and a net margin of 7.74%.The firm’s quarterly revenue was up 19.7% on a year-over-year basis. During the same period in the prior year, the firm posted $6.72 earnings per share. EMCOR Group has set its FY 2026 guidance at 32.000-33.250 EPS. Research analysts expect 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. Stockholders of record on Wednesday, July 15th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Wednesday, July 15th. EMCOR Group’s dividend payout ratio is currently 4.98%.

Insider Activity

In other EMCOR Group news, Director Carol Lowe sold 950 shares of the stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $844.50, for a total transaction of $802,275.00. Following the sale, the director directly owned 17,278 shares in the company, valued at $14,591,271. This represents a 5.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.73% of the company’s stock.

EMCOR Group Company Profile

EMCOR Group, Inc is a specialty construction and building services company headquartered in Norwalk, Connecticut. Through its operating companies, EMCOR provides electrical and mechanical construction services for commercial, industrial, institutional and government facilities.

The company’s services include electrical power and communications systems, heating, ventilation and air-conditioning systems, plumbing, process and industrial piping, building automation, energy infrastructure, fire protection and transportation systems.