Pallas Capital Advisors LLC Buys New Position in EMCOR Group, Inc. $EME

Pallas Capital Advisors LLC purchased a new position in shares of EMCOR Group, Inc. (NYSE:EME) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 4,567 shares of the construction company’s stock, valued at approximately $3,790,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Ascentis Independent Advisors acquired a new stake in EMCOR Group in the first quarter valued at approximately $27,000. Swiss RE Ltd. acquired a new position in shares of EMCOR Group during the fourth quarter worth $25,000. Zions Bancorporation National Association UT purchased a new position in shares of EMCOR Group in the fourth quarter valued at $28,000. Clearstead Trust LLC purchased a new position in shares of EMCOR Group in the second quarter valued at $38,000. Finally, Basecamp Wealth Advisors LLC grew its holdings in EMCOR Group by 4,700.0% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 48 shares of the construction company’s stock valued at $35,000 after purchasing an additional 47 shares in the last quarter. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Insiders Place Their Bets

In other EMCOR Group news, Director Carol P. Lowe sold 950 shares of the company’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 transaction of $802,275.00. Following the sale, the director owned 17,278 shares in the company, valued at $14,591,271. This represents a 5.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.73% of the stock is currently owned by corporate insiders.

EMCOR Group Price Performance

NYSE EME opened at $863.28 on Tuesday. EMCOR Group, Inc. has a 12 month low of $564.92 and a 12 month high of $951.96. The company has a market capitalization of $38.08 billion, a price-to-earnings ratio of 26.85 and a beta of 1.14. The company’s fifty day moving average price is $798.23 and its two-hundred day moving average price is $798.93.

EMCOR Group (NYSE:EME) last announced 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 company 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 firm’s revenue for the quarter was up 19.7% compared to the same quarter last year. During the same period last year, the business earned $6.72 EPS. EMCOR Group has set its FY 2026 guidance at 32.000-33.250 EPS. As a group, analysts anticipate that EMCOR Group, Inc. will post 33.04 EPS for the current year.

EMCOR Group Dividend Announcement

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

Analyst Upgrades and Downgrades

EME has been the topic of several analyst reports. Wall Street Zen raised shares of EMCOR Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. DA Davidson set a $1,047.00 price objective on shares of EMCOR Group in a research report on Monday, August 10th. Weiss Ratings restated a “buy (b)” rating on shares of EMCOR Group in a research note on Friday, July 17th. UBS Group lifted their target price on EMCOR Group from $975.00 to $1,065.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Finally, Cantor Fitzgerald reduced their price target on EMCOR Group from $1,123.00 to $1,047.00 and set an “overweight” rating for the company in a report on Monday, August 10th. One research 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. Based on data from MarketBeat, EMCOR Group currently has an average rating of “Buy” and an average target price of $965.86.

EMCOR Group 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.