L2 Asset Management LLC Invests $921,000 in EMCOR Group, Inc. $EME

L2 Asset Management LLC acquired a new stake in EMCOR Group, Inc. (NYSE:EME) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 1,110 shares of the construction company’s stock, valued at approximately $921,000.

Several other large investors also recently modified their holdings of EME. Great Lakes Advisors LLC lifted its stake in EMCOR Group by 32.3% in the first quarter. Great Lakes Advisors LLC now owns 590 shares of the construction company’s stock valued at $218,000 after buying an additional 144 shares during the period. Geneos Wealth Management Inc. lifted its position in EMCOR Group by 93.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 220 shares of the construction company’s stock valued at $81,000 after acquiring an additional 106 shares in the last quarter. Sivia Capital Partners LLC purchased a new position in shares of EMCOR Group during the second quarter valued at approximately $459,000. Baird Financial Group Inc. grew its stake in shares of EMCOR Group by 5.0% in the 2nd quarter. Baird Financial Group Inc. now owns 5,820 shares of the construction company’s stock worth $3,113,000 after acquiring an additional 275 shares in the last quarter. Finally, Bank of Nova Scotia grew its position in EMCOR Group by 406.1% in the 2nd quarter. Bank of Nova Scotia now owns 4,565 shares of the construction company’s stock worth $2,442,000 after purchasing an additional 3,663 shares in the last quarter. 92.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Oppenheimer lifted their price objective on shares of EMCOR Group from $1,100.00 to $1,200.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. Zacks Research upgraded EMCOR Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 30th. DA Davidson set a $1,047.00 price objective on shares of EMCOR Group in a research note on Monday, August 10th. Stifel Nicolaus set a $918.00 target price on shares of EMCOR Group in a research report on Thursday, April 30th. Finally, Cantor Fitzgerald cut their price target on shares of EMCOR Group from $1,123.00 to $1,047.00 and set an “overweight” rating for the company in a research report on Monday, August 10th. One equities research 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 data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $965.86.

EMCOR Group Stock Down 1.5%

EME stock opened at $765.23 on Tuesday. The business has a 50 day moving average of $795.86 and a 200 day moving average of $801.09. The firm has a market cap of $33.75 billion, a PE ratio of 23.80 and a beta of 1.14. EMCOR Group, Inc. has a twelve month low of $564.92 and a twelve month high of $951.96.

EMCOR Group (NYSE:EME) last issued its 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 business had revenue of $5.15 billion for the quarter, compared to the consensus estimate of $4.71 billion. During the same period last year, the business posted $6.72 EPS. The company’s revenue was up 19.7% compared to the same quarter last year. EMCOR Group has set its FY 2026 guidance at 32.000-33.250 EPS. On average, research analysts expect that EMCOR Group, Inc. will post 33.04 earnings per share for the current fiscal year.

EMCOR Group Dividend Announcement

The company also recently announced 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 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 4.98%.

Insider Activity at EMCOR Group

In other news, Director Carol P. Lowe sold 950 shares of EMCOR Group 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 owned 17,278 shares in the company, valued at $14,591,271. This trade represents a 5.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.73% of the stock is owned by insiders.

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.