Arbejdsmarkedets Tillaegspension acquired a new position in EMCOR Group, Inc. (NYSE:EME – Free Report) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 37,290 shares of the construction company’s stock, valued at approximately $22,814,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Barnes Dennig Private Wealth Management LLC acquired a new stake in EMCOR Group in the 4th quarter worth about $26,000. Main Street Group LTD increased its holdings in EMCOR Group by 110.0% in the 3rd quarter. Main Street Group LTD now owns 42 shares of the construction company’s stock valued at $27,000 after buying an additional 22 shares during the period. Quent Capital LLC bought a new position in EMCOR Group in the 3rd quarter valued at about $29,000. Orion Capital Management LLC bought a new position in EMCOR Group in the 3rd quarter valued at about $31,000. Finally, Activest Wealth Management increased its holdings in EMCOR Group by 800.0% in the 4th 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 period. Institutional investors and hedge funds own 92.59% of the company’s stock.
Wall Street Analyst Weigh In
EME has been the topic of several recent analyst reports. Robert W. Baird raised their target price on shares of EMCOR Group from $713.00 to $808.00 and gave the company an “outperform” rating in a report on Friday, February 27th. Cantor Fitzgerald initiated coverage on shares of EMCOR Group in a report on Tuesday, March 10th. They issued an “overweight” rating and a $848.00 target price on the stock. Wall Street Zen raised shares of EMCOR Group from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Zacks Research raised shares of EMCOR Group from a “hold” rating to a “strong-buy” rating in a report on Monday, April 27th. Finally, UBS Group raised their target price on shares of EMCOR Group from $900.00 to $945.00 and gave the company a “buy” rating in a report on Friday, March 6th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, EMCOR Group currently has an average rating of “Moderate Buy” and a consensus target price of $799.29.
EMCOR Group Price Performance
EME stock opened at $914.03 on Friday. The company has a 50 day simple moving average of $802.92 and a 200 day simple moving average of $721.75. EMCOR Group, Inc. has a 1 year low of $450.68 and a 1 year high of $951.96. The stock has a market cap of $40.62 billion, a price-to-earnings ratio of 30.66 and a beta of 1.17.
EMCOR Group (NYSE:EME – Get Free Report) last posted its earnings results on Wednesday, April 29th. The construction company reported $6.84 earnings per share for the quarter, topping analysts’ consensus estimates of $5.90 by $0.94. EMCOR Group had a net margin of 7.54% and a return on equity of 35.19%. The firm had revenue of $4.63 billion for the quarter, compared to analyst estimates of $4.20 billion. During the same period in the previous year, the firm posted $5.41 EPS. The company’s revenue for the quarter was up 19.7% compared to the same quarter last year. EMCOR Group has set its FY 2026 guidance at 28.250-29.750 EPS. On average, equities research analysts anticipate that EMCOR Group, Inc. will post 28.67 EPS for the current fiscal year.
EMCOR Group Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Thursday, April 16th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Thursday, April 16th. EMCOR Group’s payout ratio is 5.37%.
Insider Buying and Selling at EMCOR Group
In other news, CFO Jason R. Nalbandian sold 800 shares of the company’s stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $856.43, for a total value of $685,144.00. Following the completion of the transaction, the chief financial officer directly owned 18,157 shares of the company’s stock, valued at $15,550,199.51. This represents a 4.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Robert Peter Lind sold 675 shares of the business’s stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $894.27, for a total transaction of $603,632.25. Following the completion of the transaction, the vice president owned 4,216 shares in the company, valued at approximately $3,770,242.32. The trade was a 13.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 45,077 shares of company stock worth $34,416,471 in the last ninety days. 0.83% of the stock is currently owned by corporate insiders.
About EMCOR Group
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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