Focus Partners Advisor Solutions LLC acquired a new stake in EMCOR Group, Inc. (NYSE:EME – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,141 shares of the construction company’s stock, valued at approximately $2,607,000.
A number of other hedge funds have also modified their holdings of the business. Swiss RE Ltd. purchased a new position in EMCOR Group during the 4th quarter worth $25,000. Ascentis Independent Advisors acquired a new position in EMCOR Group in the first quarter valued at $27,000. Zions Bancorporation National Association UT purchased a new stake in shares of EMCOR Group in the fourth quarter valued at about $28,000. Activest Wealth Management raised its holdings in shares of 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 buying an additional 48 shares during the last quarter. Finally, Basecamp Wealth Advisors LLC boosted its stake in shares of EMCOR Group by 4,700.0% during the first quarter. Basecamp Wealth Advisors LLC now owns 48 shares of the construction company’s stock worth $35,000 after buying an additional 47 shares during the period. 92.59% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity
In other news, Director Carol P. Lowe sold 950 shares of the firm’s stock in a transaction that occurred 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 directly owned 17,278 shares of the company’s stock, valued at $14,591,271. This trade represents a 5.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.73% of the company’s stock.
EMCOR Group Stock Up 0.7%
EMCOR Group (NYSE:EME – Get Free Report) last posted 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. The firm had revenue of $5.15 billion during the quarter, compared to analysts’ expectations of $4.71 billion. EMCOR Group had a net margin of 7.74% and a return on equity of 35.49%. The firm’s revenue for the quarter was up 19.7% on a year-over-year basis. During the same period in the prior year, the company posted $6.72 earnings per share. EMCOR Group has set its FY 2026 guidance at 32.000-33.250 EPS. On average, research analysts forecast that EMCOR Group, Inc. will post 33.04 EPS for the current year.
EMCOR Group Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th were paid 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 was Wednesday, July 15th. EMCOR Group’s dividend payout ratio is 4.98%.
Analysts Set New Price Targets
A number of equities analysts recently issued reports on the company. Stifel Nicolaus set a $918.00 price target on EMCOR Group in a report on Thursday, April 30th. Wall Street Zen raised EMCOR Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Cantor Fitzgerald decreased their price objective on EMCOR Group from $1,123.00 to $1,047.00 and set an “overweight” rating for the company in a research report on Monday, August 10th. DA Davidson set a $1,047.00 target price on EMCOR Group in a research note on Monday, August 10th. Finally, UBS Group boosted their target price on EMCOR Group from $975.00 to $1,065.00 and gave the company a “buy” rating in a report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $965.86.
Read Our Latest Research Report on EME
EMCOR Group Company 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.
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