EMCOR Group, Inc. $EME Position Cut by Westover Capital Advisors LLC

Westover Capital Advisors LLC reduced its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 21.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,190 shares of the construction company’s stock after selling 1,413 shares during the quarter. Westover Capital Advisors LLC’s holdings in EMCOR Group were worth $3,916,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. NewEdge Advisors LLC boosted its holdings in shares of EMCOR Group by 13.3% in the 2nd quarter. NewEdge Advisors LLC now owns 17,873 shares of the construction company’s stock valued at $14,833,000 after purchasing an additional 2,099 shares during the last quarter. Summit Global Investments purchased a new position in EMCOR Group in the second quarter valued at approximately $3,791,000. Nykredit A S purchased a new position in EMCOR Group in the second quarter valued at approximately $18,443,000. Sapient Capital LLC acquired a new position in EMCOR Group during the second quarter valued at approximately $5,962,000. Finally, Oppenheimer Asset Management Inc. acquired a new position in EMCOR Group during the second quarter valued at approximately $3,640,000. Hedge funds and other institutional investors own 92.59% of the company’s stock.

EMCOR Group Trading Up 2.6%

EMCOR Group stock opened at $664.38 on Tuesday. EMCOR Group, Inc. has a 52 week low of $564.92 and a 52 week high of $951.96. The stock has a market cap of $29.31 billion, a P/E ratio of 20.67 and a beta of 1.12. The stock has a 50 day moving average of $754.20 and a 200-day moving average of $778.97.

EMCOR Group (NYSE:EME) last issued its quarterly earnings results on Thursday, July 30th. The construction company reported $9.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.23 by $1.83. The business had revenue of $5.15 billion during 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%. The business’s revenue was up 19.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $6.72 earnings per share. EMCOR Group has set its FY 2026 guidance at 32.000-33.250 EPS. As a group, equities analysts predict that EMCOR Group, Inc. will post 32.98 earnings per share for the current fiscal year.

EMCOR Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Thursday, October 15th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Thursday, October 15th. EMCOR Group’s dividend payout ratio (DPR) is 4.98%.

Analyst Ratings Changes

EME has been the subject of several research reports. Oppenheimer boosted their price objective on shares of EMCOR Group from $1,100.00 to $1,200.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. UBS Group reiterated a “buy” rating on shares of EMCOR Group in a report on Friday, October 9th. Weiss Ratings cut shares of EMCOR Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, August 27th. The Goldman Sachs Group cut their price objective on shares of EMCOR Group from $885.00 to $795.00 and set a “neutral” rating on the stock in a report on Tuesday, October 20th. Finally, Zacks Research cut shares of EMCOR Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 19th. Seven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $982.86.

EMCOR Group Profile

EMCOR Group, Inc provides construction, engineering, and building services through a network of specialty contracting businesses. Its core activities include electrical and mechanical construction, energy infrastructure, building systems, facilities services, and industrial maintenance. The company serves commercial, institutional, industrial, manufacturing, healthcare, education, government, and infrastructure customers.

Its services cover the design, installation, operation, maintenance, and upgrading of electrical, heating, ventilation, air-conditioning, plumbing, fire protection, and building automation systems.