Curated Wealth Partners LLC acquired a new stake in EMCOR Group, Inc. (NYSE:EME – Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 1,448 shares of the construction company’s stock, valued at approximately $1,092,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in EME. BlackRock Inc. acquired a new stake in shares of EMCOR Group in the 2nd quarter valued at approximately $3,416,412,000. First Trust Advisors LP boosted its stake in shares of EMCOR Group by 7.3% in the first quarter. First Trust Advisors LP now owns 630,406 shares of the construction company’s stock valued at $465,435,000 after buying an additional 42,949 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in EMCOR Group by 9.0% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 416,734 shares of the construction company’s stock worth $345,839,000 after acquiring an additional 34,358 shares during the period. Deutsche Bank AG acquired a new position in EMCOR Group during the second quarter worth $342,273,000. Finally, Value Aligned Research Advisors LLC grew its holdings in EMCOR Group by 56.6% during the second quarter. Value Aligned Research Advisors LLC now owns 349,960 shares of the construction company’s stock worth $290,425,000 after acquiring an additional 126,439 shares during the period. Institutional investors and hedge funds own 92.59% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research analysts have issued reports on EME shares. UBS Group reiterated a “buy” rating on shares of EMCOR Group in a research report on Friday, October 9th. Zacks Research upgraded shares of EMCOR Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 30th. Weiss Ratings cut shares of EMCOR Group from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, August 27th. DA Davidson set a $1,047.00 price target on shares of EMCOR Group in a report on Monday, August 10th. Finally, Oppenheimer raised their price objective on shares of EMCOR Group from $1,100.00 to $1,200.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the company’s stock. According to MarketBeat, EMCOR Group currently has a consensus rating of “Buy” and a consensus price target of $1,014.17.
EMCOR Group Price Performance
EMCOR Group stock traded down $22.53 during trading hours on Thursday, hitting $722.82. The stock had a trading volume of 147,406 shares, compared to its average volume of 390,691. EMCOR Group, Inc. has a 1-year low of $564.92 and a 1-year high of $951.96. The stock has a market capitalization of $31.88 billion, a price-to-earnings ratio of 22.51 and a beta of 1.12. The stock’s fifty day moving average is $773.61 and its two-hundred day moving average is $802.47.
EMCOR Group (NYSE:EME – Get Free Report) last posted its earnings results on Thursday, July 30th. The construction company reported $9.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.23 by $1.83. The firm had revenue of $5.15 billion for the quarter, compared to analyst estimates of $4.71 billion. EMCOR Group had a return on equity of 35.49% and a net margin of 7.74%. During the same quarter in the prior year, the company earned $6.72 EPS. EMCOR Group’s 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. As a group, sell-side analysts anticipate that EMCOR Group, Inc. will post 32.98 EPS for the current year.
EMCOR Group Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Thursday, October 15th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Thursday, October 15th. EMCOR Group’s dividend payout ratio is 4.98%.
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.
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