TimesSquare Capital Management LLC Purchases New Holdings in EMCOR Group, Inc. $EME

TimesSquare Capital Management LLC acquired a new stake in shares of EMCOR Group, Inc. (NYSE:EME) in the second quarter, HoldingsChannel reports. The fund acquired 189,107 shares of the construction company’s stock, valued at approximately $156,936,000. EMCOR Group accounts for approximately 2.3% of TimesSquare Capital Management LLC’s holdings, making the stock its 3rd largest position.

Several other hedge funds and other institutional investors also recently bought and sold shares of EME. Swiss RE Ltd. purchased a new position in shares of EMCOR Group during the 4th quarter valued at approximately $25,000. Ascentis Independent Advisors acquired a new stake in shares of EMCOR Group during the first quarter worth approximately $27,000. Zions Bancorporation National Association UT bought a new stake in shares of EMCOR Group in the fourth quarter worth $28,000. Activest Wealth Management raised its holdings in EMCOR Group by 800.0% in the fourth quarter. Activest Wealth Management now owns 54 shares of the construction company’s stock valued at $33,000 after acquiring an additional 48 shares in the last quarter. Finally, Basecamp Wealth Advisors LLC raised its holdings in EMCOR Group by 4,700.0% in the first quarter. Basecamp Wealth Advisors LLC now owns 48 shares of the construction company’s stock valued at $35,000 after acquiring an additional 47 shares in the last quarter. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

EME has been the subject of several recent analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of EMCOR Group in a report on Friday, July 17th. Wall Street Zen upgraded shares of EMCOR Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Oppenheimer increased their price target 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. Cantor Fitzgerald decreased their price target on EMCOR Group from $1,123.00 to $1,047.00 and set an “overweight” rating for the company in a research note on Monday, August 10th. Finally, Zacks Research raised 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 one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $965.86.

EMCOR Group Stock Performance

EMCOR Group stock opened at $863.28 on Tuesday. EMCOR Group, Inc. has a 1 year low of $564.92 and a 1 year high of $951.96. The firm’s 50-day moving average is $798.23 and its 200-day moving average is $798.93. The company has a market cap of $38.08 billion, a P/E ratio of 26.85 and a beta of 1.14.

EMCOR Group (NYSE:EME) last released its quarterly earnings data on Thursday, July 30th. The construction company reported $9.06 earnings per share for the quarter, topping the consensus estimate of $7.23 by $1.83. The firm had revenue of $5.15 billion for the quarter, compared to analyst estimates of $4.71 billion. EMCOR Group had a net margin of 7.74% and a return on equity of 35.49%. EMCOR Group’s quarterly revenue was up 19.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $6.72 earnings per share. EMCOR Group has set its FY 2026 guidance at 32.000-33.250 EPS. As a group, sell-side analysts predict that EMCOR Group, Inc. will post 33.04 earnings per share for the current year.

EMCOR Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Wednesday, July 15th. This represents a $1.60 annualized dividend and a dividend yield of 0.2%. EMCOR Group’s dividend payout ratio is 4.98%.

Insider Buying and Selling at EMCOR Group

In other news, Director Carol P. Lowe sold 950 shares of the stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $844.50, for a total transaction of $802,275.00. Following the sale, the director directly owned 17,278 shares in the company, valued at approximately $14,591,271. This represents a 5.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.73% of the company’s stock.

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.