UNIVEST FINANCIAL Corp Sells 735 Shares of EMCOR Group, Inc. $EME

UNIVEST FINANCIAL Corp reduced its holdings in shares of EMCOR Group, Inc. (NYSE:EME) by 7.6% during the first quarter, HoldingsChannel reports. The firm owned 8,878 shares of the construction company’s stock after selling 735 shares during the period. UNIVEST FINANCIAL Corp’s holdings in EMCOR Group were worth $6,554,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Whittier Trust Co. of Nevada Inc. increased its holdings in EMCOR Group by 3.8% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 356 shares of the construction company’s stock worth $270,000 after buying an additional 13 shares in the last quarter. PAX Financial Group LLC boosted its holdings in shares of EMCOR Group by 3.6% during the 4th quarter. PAX Financial Group LLC now owns 404 shares of the construction company’s stock valued at $247,000 after acquiring an additional 14 shares during the last quarter. Austin Private Wealth LLC boosted its holdings in shares of EMCOR Group by 3.6% during the 4th quarter. Austin Private Wealth LLC now owns 437 shares of the construction company’s stock valued at $267,000 after acquiring an additional 15 shares during the last quarter. First National Bank of Hutchinson grew its stake in shares of EMCOR Group by 0.9% in the fourth quarter. First National Bank of Hutchinson now owns 1,614 shares of the construction company’s stock worth $987,000 after acquiring an additional 15 shares during the period. Finally, Advisors Capital Management LLC grew its stake in shares of EMCOR Group by 3.4% in the fourth quarter. Advisors Capital Management LLC now owns 450 shares of the construction company’s stock worth $275,000 after acquiring an additional 15 shares during the period. 92.59% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at EMCOR Group

In other news, CFO Jason R. Nalbandian sold 800 shares of the business’s stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $856.43, for a total transaction of $685,144.00. Following the completion of the sale, the chief financial officer owned 18,157 shares of the company’s stock, valued at $15,550,199.51. The trade was a 4.22% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Carol P. Lowe sold 950 shares of the company’s stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $844.50, for a total value of $802,275.00. Following the completion of the sale, the director owned 17,278 shares of the company’s stock, valued at $14,591,271. This trade represents a 5.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 10,027 shares of company stock worth $8,957,466. Insiders own 0.83% of the company’s stock.

EMCOR Group Stock Performance

Shares of NYSE EME traded down $1.93 during midday trading on Friday, hitting $781.48. 293,684 shares of the company’s stock traded hands, compared to its average volume of 440,758. The firm has a fifty day moving average of $845.56 and a 200 day moving average of $774.95. EMCOR Group, Inc. has a 1 year low of $540.00 and a 1 year high of $951.96. The stock has a market capitalization of $34.73 billion, a price-to-earnings ratio of 26.22 and a beta of 1.13.

EMCOR Group (NYSE:EME) last posted its quarterly earnings data on Wednesday, April 29th. The construction company reported $6.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.90 by $0.94. The company had revenue of $4.63 billion for the quarter, compared to the consensus estimate of $4.20 billion. EMCOR Group had a net margin of 7.54% and a return on equity of 35.19%. The firm’s revenue was up 19.7% compared to the same quarter last year. During the same quarter last year, the firm posted $5.41 earnings per share. EMCOR Group has set its FY 2026 guidance at 28.250-29.750 EPS. On average, equities analysts anticipate that EMCOR Group, Inc. will post 29.37 earnings per share for the current year.

EMCOR Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be paid 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 is Wednesday, July 15th. EMCOR Group’s dividend payout ratio (DPR) is currently 5.37%.

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.