Flputnam Investment Management Co. Takes $8.94 Million Position in EMCOR Group, Inc. $EME

Flputnam Investment Management Co. purchased a new stake in shares of EMCOR Group, Inc. (NYSE:EME) during the fourth quarter, Holdings Channel.com reports. The fund purchased 14,607 shares of the construction company’s stock, valued at approximately $8,936,000.

Other institutional investors have also recently made changes to their positions in the company. Asahi Life Asset Management CO. LTD. purchased a new position in shares of EMCOR Group during the 3rd quarter valued at $445,000. Machina Capital S.A.S. purchased a new position in shares of EMCOR Group during the 3rd quarter valued at $1,074,000. Wealth Enhancement Advisory Services LLC lifted its position in shares of EMCOR Group by 12.9% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 12,149 shares of the construction company’s stock valued at $7,972,000 after buying an additional 1,389 shares during the last quarter. Public Sector Pension Investment Board lifted its holdings in EMCOR Group by 18.7% during the 3rd quarter. Public Sector Pension Investment Board now owns 23,982 shares of the construction company’s stock worth $15,577,000 after purchasing an additional 3,783 shares in the last quarter. Finally, Sierra Summit Advisors LLC purchased a new stake in EMCOR Group during the 3rd quarter worth about $5,459,000. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Insider Transactions at EMCOR Group

In other EMCOR Group news, CFO Jason R. Nalbandian sold 800 shares of the firm’s stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $856.43, for a total value of $685,144.00. Following the sale, the chief financial officer owned 18,157 shares of the company’s stock, valued at $15,550,199.51. This trade represents a 4.22% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Anthony Guzzi sold 36,000 shares of the firm’s stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $729.48, for a total value of $26,261,280.00. Following the completion of the sale, the chief executive officer directly owned 170,299 shares in the company, valued at approximately $124,229,714.52. The trade was a 17.45% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 45,077 shares of company stock worth $34,416,471. 0.83% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

EME has been the topic of a number of recent research reports. Cantor Fitzgerald initiated coverage on EMCOR Group in a report on Tuesday, March 10th. They set an “overweight” rating and a $848.00 price objective on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of EMCOR Group in a report on Monday, April 20th. Zacks Research raised EMCOR Group from a “hold” rating to a “strong-buy” rating in a report on Monday, April 27th. UBS Group increased their price objective on EMCOR Group from $900.00 to $945.00 and gave the stock a “buy” rating in a report on Friday, March 6th. Finally, Wall Street Zen raised EMCOR Group from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $799.29.

EMCOR Group Stock Down 0.5%

NYSE:EME opened at $856.94 on Thursday. The business’s 50-day moving average price is $825.21 and its two-hundred day moving average price is $730.95. EMCOR Group, Inc. has a twelve month low of $455.14 and a twelve month high of $951.96. The stock has a market cap of $38.08 billion, a P/E ratio of 28.75 and a beta of 1.17.

EMCOR Group (NYSE:EME) last released its quarterly earnings results on Wednesday, April 29th. The construction company reported $6.84 earnings per share for the quarter, beating the consensus estimate of $5.90 by $0.94. EMCOR Group had a return on equity of 35.19% and a net margin of 7.54%.The firm had revenue of $4.63 billion for the quarter, compared to analysts’ expectations of $4.20 billion. During the same quarter last year, the firm posted $5.41 EPS. The company’s revenue 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. On average, equities research analysts expect that EMCOR Group, Inc. will post 28.67 EPS for the current fiscal year.

EMCOR Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Thursday, April 16th were issued a $0.40 dividend. The ex-dividend date of this dividend was Thursday, April 16th. This represents a $1.60 annualized dividend and a dividend yield of 0.2%. EMCOR Group’s dividend payout ratio (DPR) is presently 5.37%.

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.