Burney Co. Trims Position in EMCOR Group, Inc. $EME

Burney Co. trimmed its stake in EMCOR Group, Inc. (NYSE:EME) by 19.8% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 5,081 shares of the construction company’s stock after selling 1,254 shares during the period. Burney Co.’s holdings in EMCOR Group were worth $3,751,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in EME. Great Lakes Advisors LLC increased its position in shares of EMCOR Group by 32.3% during the first quarter. Great Lakes Advisors LLC now owns 590 shares of the construction company’s stock worth $218,000 after acquiring an additional 144 shares during the period. Geneos Wealth Management Inc. boosted its holdings in shares of EMCOR Group by 93.0% in the first quarter. Geneos Wealth Management Inc. now owns 220 shares of the construction company’s stock valued at $81,000 after purchasing an additional 106 shares during the period. Sivia Capital Partners LLC bought a new position in EMCOR Group in the second quarter worth approximately $459,000. Baird Financial Group Inc. grew its stake in EMCOR Group by 5.0% in the second quarter. Baird Financial Group Inc. now owns 5,820 shares of the construction company’s stock worth $3,113,000 after purchasing an additional 275 shares in the last quarter. Finally, Bank of Nova Scotia increased its holdings in EMCOR Group by 406.1% during 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 during the period. 92.59% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have weighed in on EME. Wall Street Zen upgraded EMCOR Group from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Stifel Nicolaus set a $918.00 price objective on EMCOR Group in a report on Thursday, April 30th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $1,123.00 price objective on shares of EMCOR Group in a research note on Tuesday, June 16th. Weiss Ratings reiterated a “buy (b)” rating on shares of EMCOR Group in a report on Monday, April 20th. Finally, Zacks Research upgraded shares of EMCOR Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 30th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $871.25.

EMCOR Group Trading Down 2.3%

Shares of NYSE:EME opened at $769.36 on Wednesday. The company has a market capitalization of $34.19 billion, a PE ratio of 25.81 and a beta of 1.13. EMCOR Group, Inc. has a 12-month low of $532.25 and a 12-month high of $951.96. The business’s fifty day simple moving average is $850.50 and its 200-day simple moving average is $772.60.

EMCOR Group (NYSE:EME) last issued its quarterly earnings data on Wednesday, April 29th. The construction company reported $6.84 earnings per share for the quarter, beating analysts’ consensus estimates of $5.90 by $0.94. EMCOR Group had a return on equity of 35.19% and a net margin of 7.54%.The company had revenue of $4.63 billion for the quarter, compared to the consensus estimate of $4.20 billion. During the same quarter last year, the company earned $5.41 earnings per share. The firm’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. Research analysts predict that EMCOR Group, Inc. will post 29.37 EPS for the current year.

EMCOR Group Dividend Announcement

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

Insider Transactions 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 value of $802,275.00. Following the transaction, the director owned 17,278 shares of the company’s stock, valued at $14,591,271. The trade was a 5.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director William P. Reid sold 2,000 shares of the stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $925.78, for a total transaction of $1,851,560.00. Following the sale, the director directly owned 10,149 shares of the company’s stock, valued at $9,395,741.22. The trade was a 16.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 10,027 shares of company stock worth $8,957,466. 1.26% of the stock is owned by corporate 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.