Saudi Central Bank Grows Stake in EMCOR Group, Inc. $EME

Saudi Central Bank grew its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 88.7% in the second quarter, Holdings Channel reports. The fund owned 3,117 shares of the construction company’s stock after acquiring an additional 1,465 shares during the quarter. Saudi Central Bank’s holdings in EMCOR Group were worth $2,587,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Great Lakes Advisors LLC grew its holdings in EMCOR Group by 32.3% during the first quarter. Great Lakes Advisors LLC now owns 590 shares of the construction company’s stock valued at $218,000 after purchasing an additional 144 shares during the period. Geneos Wealth Management Inc. raised its stake in shares of EMCOR Group by 93.0% in the first quarter. Geneos Wealth Management Inc. now owns 220 shares of the construction company’s stock valued at $81,000 after buying an additional 106 shares during the period. Sivia Capital Partners LLC bought a new stake in shares of EMCOR Group in the second quarter valued at $459,000. Baird Financial Group Inc. lifted its position in shares of EMCOR Group by 5.0% during the 2nd quarter. Baird Financial Group Inc. now owns 5,820 shares of the construction company’s stock valued at $3,113,000 after buying an additional 275 shares during the last quarter. Finally, Bank of Nova Scotia grew its stake in shares of EMCOR Group by 406.1% during the 2nd quarter. Bank of Nova Scotia now owns 4,565 shares of the construction company’s stock worth $2,442,000 after acquiring an additional 3,663 shares during the period. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Insider Buying and Selling at EMCOR Group

In other news, Director Carol Lowe sold 950 shares of the company’s stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $844.50, for a total value of $802,275.00. Following the transaction, the director owned 17,278 shares of the company’s stock, valued at approximately $14,591,271. This represents a 5.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.73% of the company’s stock.

Wall Street Analysts Forecast Growth

EME has been the subject of several recent research reports. UBS Group lifted their price objective on EMCOR Group from $975.00 to $1,065.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Zacks Research upgraded shares of EMCOR Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 30th. Oppenheimer lifted their target price 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. Weiss Ratings lowered shares of EMCOR Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, August 27th. Finally, Cantor Fitzgerald dropped their price target on shares of EMCOR Group from $1,123.00 to $1,047.00 and set an “overweight” rating on the stock in a research note on Monday, August 10th. One investment 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’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $965.86.

EMCOR Group Trading Down 0.0%

Shares of EMCOR Group stock opened at $753.90 on Tuesday. The company’s 50-day moving average price is $777.86 and its 200-day moving average price is $799.28. EMCOR Group, Inc. has a 12-month low of $564.92 and a 12-month high of $951.96. The company has a market cap of $33.25 billion, a price-to-earnings ratio of 23.45 and a beta of 1.13.

EMCOR Group (NYSE:EME) last issued its quarterly earnings data on Thursday, July 30th. The construction company reported $9.06 EPS for the quarter, beating the consensus estimate of $7.23 by $1.83. The company 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%. EMCOR Group’s revenue for the quarter was up 19.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $6.72 earnings per share. EMCOR Group has set its FY 2026 guidance at 32.000-33.250 EPS. On average, sell-side analysts predict that EMCOR Group, Inc. will post 33.04 earnings per share for the current year.

EMCOR Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th were 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 was Wednesday, July 15th. EMCOR Group’s payout ratio is 4.98%.

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.