EMCOR Group, Inc. $EME Shares Sold by Renaissance Group LLC

Renaissance Group LLC decreased its holdings in shares of EMCOR Group, Inc. (NYSE:EME) by 20.8% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 54,785 shares of the construction company’s stock after selling 14,421 shares during the period. EMCOR Group accounts for about 1.3% of Renaissance Group LLC’s holdings, making the stock its 28th biggest holding. Renaissance Group LLC’s holdings in EMCOR Group were worth $33,517,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in EME. Vanguard Group Inc. increased its holdings in EMCOR Group by 17.6% in the 3rd quarter. Vanguard Group Inc. now owns 5,332,636 shares of the construction company’s stock worth $3,463,760,000 after acquiring an additional 798,975 shares in the last quarter. State Street Corp raised its position in EMCOR Group by 15.2% during the third quarter. State Street Corp now owns 1,852,991 shares of the construction company’s stock worth $1,203,592,000 after acquiring an additional 244,494 shares during the period. Geode Capital Management LLC raised its position in EMCOR Group by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 1,425,523 shares of the construction company’s stock worth $869,343,000 after acquiring an additional 7,790 shares during the period. Victory Capital Management Inc. lifted its holdings in EMCOR Group by 48.8% during the third quarter. Victory Capital Management Inc. now owns 949,360 shares of the construction company’s stock valued at $572,351,000 after purchasing an additional 311,474 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its position in shares of EMCOR Group by 132,234.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 669,611 shares of the construction company’s stock valued at $409,661,000 after purchasing an additional 669,105 shares during the period. Institutional investors and hedge funds own 92.59% of the company’s stock.

EMCOR Group Trading Down 6.1%

EME stock opened at $776.96 on Thursday. The company has a market cap of $34.53 billion, a price-to-earnings ratio of 26.06 and a beta of 1.12. EMCOR Group, Inc. has a 12 month low of $464.21 and a 12 month high of $951.96. The firm has a 50-day moving average of $842.94 and a two-hundred day moving average of $745.19.

EMCOR Group (NYSE:EME) last issued its earnings results on Wednesday, April 29th. The construction company reported $6.84 earnings per share for the quarter, topping the consensus estimate of $5.90 by $0.94. The business had revenue of $4.63 billion for the quarter, compared to analysts’ expectations of $4.20 billion. EMCOR Group had a return on equity of 35.19% and a net margin of 7.54%.The business’s revenue for the quarter was up 19.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $5.41 EPS. EMCOR Group has set its FY 2026 guidance at 28.250-29.750 EPS. As a group, equities analysts forecast that EMCOR Group, Inc. will post 29.22 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 paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, April 16th. This represents a $1.60 dividend on an annualized basis and a yield of 0.2%. EMCOR Group’s payout ratio is 5.37%.

Insider Buying and Selling

In other news, CFO Jason R. Nalbandian sold 800 shares of EMCOR Group stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $856.43, for a total transaction of $685,144.00. Following the transaction, the chief financial officer owned 18,157 shares in the company, valued at $15,550,199.51. The trade was a 4.22% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Robert Peter Lind sold 675 shares of EMCOR Group stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $894.27, for a total value of $603,632.25. Following the transaction, the vice president owned 4,216 shares in the company, valued at approximately $3,770,242.32. This represents a 13.80% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 9,077 shares of company stock worth $8,155,191. 0.83% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

EME has been the subject of a number of research reports. UBS Group boosted their target price on shares of EMCOR Group from $900.00 to $945.00 and gave the stock a “buy” rating in a research note on Friday, March 6th. DA Davidson raised their price target on shares of EMCOR Group from $800.00 to $900.00 and gave the company a “buy” rating in a research note on Friday, February 27th. Weiss Ratings reiterated a “buy (b)” rating on shares of EMCOR Group in a report on Monday, April 20th. Zacks Research lowered EMCOR Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Finally, Robert W. Baird increased their target price on EMCOR Group from $713.00 to $808.00 and gave the company an “outperform” rating in a report on Friday, February 27th. Ten investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $836.88.

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.