9,895 Shares of EMCOR Group, Inc. $EME Bought by Ellsworth Advisors LLC

Ellsworth Advisors LLC acquired a new position in EMCOR Group, Inc. (NYSE:EME) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 9,895 shares of the construction company’s stock, valued at approximately $7,466,000. EMCOR Group makes up approximately 1.2% of Ellsworth Advisors LLC’s portfolio, making the stock its 26th largest position.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Whittier Trust Co. of Nevada Inc. grew its stake in EMCOR Group by 3.8% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 356 shares of the construction company’s stock worth $270,000 after purchasing an additional 13 shares during the period. Investment Advisory Services Inc. TX ADV increased its holdings in EMCOR Group by 3.7% in the first quarter. Investment Advisory Services Inc. TX ADV now owns 419 shares of the construction company’s stock worth $309,000 after purchasing an additional 15 shares in the last quarter. Narus Financial Partners LLC lifted its stake in EMCOR Group by 2.0% in the first quarter. Narus Financial Partners LLC now owns 798 shares of the construction company’s stock valued at $589,000 after buying an additional 16 shares during the period. V Square Quantitative Management LLC lifted its stake in EMCOR Group by 1.7% in the first quarter. V Square Quantitative Management LLC now owns 1,090 shares of the construction company’s stock valued at $805,000 after buying an additional 18 shares during the period. Finally, Legacy Wealth Asset Management LLC lifted its stake in EMCOR Group by 2.5% in the third quarter. Legacy Wealth Asset Management LLC now owns 725 shares of the construction company’s stock valued at $547,000 after buying an additional 18 shares during the period. 92.59% of the stock is owned by institutional investors and hedge funds.

EMCOR Group Price Performance

Shares of EMCOR Group stock opened at $732.27 on Friday. The business has a 50-day simple moving average of $772.10 and a 200 day simple moving average of $802.46. EMCOR Group, Inc. has a one year low of $564.92 and a one year high of $951.96. The firm has a market capitalization of $32.30 billion, a price-to-earnings ratio of 22.78 and a beta of 1.12.

EMCOR Group (NYSE:EME) last announced its quarterly earnings results on Thursday, July 30th. The construction company reported $9.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.23 by $1.83. EMCOR Group had a return on equity of 35.49% and a net margin of 7.74%. The business had revenue of $5.15 billion for the quarter, compared to analyst estimates of $4.71 billion. During the same quarter in the prior year, the company earned $6.72 earnings per share. The company’s quarterly revenue was up 19.7% on a year-over-year basis. EMCOR Group has set its FY 2026 guidance at 32.000-33.250 EPS. On average, sell-side analysts expect that EMCOR Group, Inc. will post 32.98 EPS for the current year.

EMCOR Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Thursday, October 15th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Thursday, October 15th. EMCOR Group’s dividend payout ratio is presently 4.98%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on EME. Zacks Research upgraded EMCOR Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 30th. DA Davidson set a $1,047.00 target price on shares of EMCOR Group in a research report on Monday, August 10th. Cantor Fitzgerald dropped their target price on shares of EMCOR Group from $1,123.00 to $1,047.00 and set an “overweight” rating on the stock in a research report on Monday, August 10th. UBS Group reissued a “buy” rating on shares of EMCOR Group in a research note on Friday, October 9th. Finally, Weiss Ratings cut shares of EMCOR Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, August 27th. One equities research analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the stock. Based on data from MarketBeat, EMCOR Group currently has an average rating of “Buy” and a consensus price target of $1,014.17.

EMCOR Group Company Profile

EMCOR Group, Inc is a specialty construction and facilities services company headquartered in Norwalk, Connecticut. The company provides mechanical and electrical construction, building services, industrial services, energy infrastructure, and related maintenance solutions for commercial, industrial, institutional, governmental, and utility customers.

Its activities include designing and installing heating, ventilation, and air-conditioning systems; electrical power and communications infrastructure; plumbing and piping systems; fire protection; process systems; and building automation technologies.