EMCOR Group, Inc. $EME Stock Sold by Congress Asset Management Co.

Congress Asset Management Co. lessened its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 3.4% during the 3rd quarter, Holdings Channel reports. The fund owned 101,518 shares of the construction company’s stock after selling 3,579 shares during the quarter. Congress Asset Management Co.’s holdings in EMCOR Group were worth $76,594,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Versant Capital Management Inc increased its position in EMCOR Group by 18.0% during the third quarter. Versant Capital Management Inc now owns 289 shares of the construction company’s stock worth $218,000 after purchasing an additional 44 shares during the last quarter. Burkett Financial Services LLC acquired a new position in EMCOR Group in the 3rd quarter valued at about $54,000. QRG Capital Management Inc. boosted its holdings in EMCOR Group by 0.8% in the 2nd quarter. QRG Capital Management Inc. now owns 3,095 shares of the construction company’s stock valued at $2,568,000 after purchasing an additional 25 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in shares of EMCOR Group by 2.5% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 2,607 shares of the construction company’s stock valued at $2,164,000 after buying an additional 63 shares during the period. Finally, Sequoia Financial Advisors LLC grew its stake in shares of EMCOR Group by 3.6% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 3,142 shares of the construction company’s stock valued at $2,607,000 after buying an additional 110 shares during the period. Institutional investors and hedge funds own 92.59% of the company’s stock.

EMCOR Group Stock Up 5.9%

NYSE EME traded up $45.65 on Tuesday, reaching $824.85. The stock had a trading volume of 422,574 shares, compared to its average volume of 393,827. The firm has a market capitalization of $36.38 billion, a price-to-earnings ratio of 25.66 and a beta of 1.12. EMCOR Group, Inc. has a 12-month low of $564.92 and a 12-month high of $951.96. The stock has a fifty day moving average price of $773.05 and a two-hundred day moving average price of $800.65.

EMCOR Group (NYSE:EME) last released its quarterly earnings results on Thursday, July 30th. The construction company reported $9.06 EPS for the quarter, topping the consensus estimate of $7.23 by $1.83. EMCOR Group had a return on equity of 35.49% and a net margin of 7.74%.The business had revenue of $5.15 billion during the quarter, compared to analyst estimates of $4.71 billion. During the same period last year, the business posted $6.72 earnings per share. The company’s quarterly revenue was up 19.7% on a year-over-year basis. EMCOR Group has set its FY 2026 guidance at 32.000-33.250 EPS. Sell-side analysts forecast that EMCOR Group, Inc. will post 32.98 earnings per share for the current fiscal year.

EMCOR Group Dividend Announcement

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

Wall Street Analyst Weigh In

EME has been the topic of a number of recent analyst reports. Weiss Ratings cut EMCOR Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, August 27th. UBS Group raised their target price on EMCOR Group from $975.00 to $1,065.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Zacks Research upgraded EMCOR Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 30th. Oppenheimer increased their price target on EMCOR Group from $1,100.00 to $1,200.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Finally, DA Davidson set a $1,047.00 price objective on EMCOR Group in a research report on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $965.86.

EMCOR Group Profile

EMCOR Group, Inc is a specialty construction and facilities services company headquartered in Norwalk, Connecticut. The company provides mechanical and electrical construction, building services, industrial services, energy infrastructure, and related maintenance solutions for commercial, industrial, institutional, governmental, and utility customers.

Its activities include designing and installing heating, ventilation, and air-conditioning systems; electrical power and communications infrastructure; plumbing and piping systems; fire protection; process systems; and building automation technologies.