ProShare Advisors LLC increased its position in shares of EMCOR Group, Inc. (NYSE:EME – Free Report) by 8.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 8,289 shares of the construction company’s stock after purchasing an additional 664 shares during the quarter. ProShare Advisors LLC’s holdings in EMCOR Group were worth $5,071,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in EME. Barnes Dennig Private Wealth Management LLC purchased a new position in shares of EMCOR Group during the 4th quarter worth about $26,000. Main Street Group LTD boosted its stake in shares of EMCOR Group by 110.0% during the 3rd quarter. Main Street Group LTD now owns 42 shares of the construction company’s stock worth $27,000 after purchasing an additional 22 shares during the period. Orion Capital Management LLC purchased a new position in shares of EMCOR Group during the 3rd quarter worth about $31,000. Activest Wealth Management boosted its stake in shares of EMCOR Group by 800.0% during the 4th quarter. Activest Wealth Management now owns 54 shares of the construction company’s stock worth $33,000 after purchasing an additional 48 shares during the period. Finally, Richardson Financial Services Inc. boosted its stake in shares of EMCOR Group by 71.9% during the 4th quarter. Richardson Financial Services Inc. now owns 55 shares of the construction company’s stock worth $34,000 after purchasing an additional 23 shares during the period. 92.59% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other EMCOR Group news, Director Steven Schwarzwaelder sold 5,602 shares of the business’s stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $895.19, for a total value of $5,014,854.38. Following the completion of the sale, the director directly owned 15,875 shares of the company’s stock, valued at $14,211,141.25. The trade was a 26.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Robert Peter Lind sold 675 shares of the business’s stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $894.27, for a total transaction of $603,632.25. Following the completion of the sale, the vice president owned 4,216 shares of the company’s stock, valued at approximately $3,770,242.32. This represents a 13.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 45,077 shares of company stock worth $34,416,471 over the last 90 days. Corporate insiders own 0.83% of the company’s stock.
EMCOR Group Price Performance
EMCOR Group (NYSE:EME – Get Free Report) last released its quarterly earnings data on Wednesday, April 29th. The construction company reported $6.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.90 by $0.94. The company had revenue of $4.63 billion during the quarter, compared to analysts’ expectations of $4.20 billion. EMCOR Group had a net margin of 7.54% and a return on equity of 35.19%. The firm’s quarterly revenue was up 19.7% on a year-over-year basis. During the same period in the previous year, the company earned $5.41 EPS. EMCOR Group has set its FY 2026 guidance at 28.250-29.750 EPS. Research analysts expect that EMCOR Group, Inc. will post 28.67 earnings per share for the current year.
EMCOR Group Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Thursday, April 16th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Thursday, April 16th. EMCOR Group’s payout ratio is 5.37%.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on EME shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of EMCOR Group in a research note on Monday, April 20th. Robert W. Baird lifted their price target on shares of EMCOR Group from $713.00 to $808.00 and gave the stock an “outperform” rating in a research note on Friday, February 27th. Zacks Research raised shares of EMCOR Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 27th. DA Davidson lifted their price target on shares of EMCOR Group from $800.00 to $900.00 and gave the stock a “buy” rating in a research note on Friday, February 27th. Finally, Wall Street Zen raised shares of EMCOR Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $799.29.
View Our Latest Analysis on EMCOR Group
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.
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