Illinois Municipal Retirement Fund Raises Stock Position in EMCOR Group, Inc. $EME

Illinois Municipal Retirement Fund grew its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 15.1% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 27,083 shares of the construction company’s stock after acquiring an additional 3,551 shares during the period. Illinois Municipal Retirement Fund’s holdings in EMCOR Group were worth $19,996,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Ascentis Independent Advisors bought a new position in EMCOR Group in the first quarter worth approximately $27,000. Swiss RE Ltd. bought a new stake in EMCOR Group during the 4th quarter valued at $25,000. Barnes Dennig Private Wealth Management LLC bought a new stake in EMCOR Group during the 4th quarter valued at $26,000. Zions Bancorporation National Association UT purchased a new stake in shares of EMCOR Group in the 4th quarter worth $28,000. Finally, Activest Wealth Management lifted its holdings in shares of EMCOR Group by 800.0% in the 4th quarter. Activest Wealth Management now owns 54 shares of the construction company’s stock worth $33,000 after buying an additional 48 shares during the period. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Weiss Ratings reissued a “buy (b)” rating on shares of EMCOR Group in a research report on Monday, April 20th. Cantor Fitzgerald restated an “overweight” rating and issued a $1,123.00 price objective on shares of EMCOR Group in a report on Tuesday, June 16th. Oppenheimer assumed coverage on shares of EMCOR Group in a research note on Thursday, May 28th. They issued an “outperform” rating and a $1,100.00 price objective for the company. Zacks Research upgraded shares of EMCOR Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 30th. Finally, Wall Street Zen raised shares of EMCOR Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, EMCOR Group presently has an average rating of “Moderate Buy” and a consensus target price of $871.25.

EMCOR Group Trading Down 0.9%

Shares of NYSE EME opened at $768.13 on Thursday. The stock has a market capitalization of $34.14 billion, a PE ratio of 25.77 and a beta of 1.13. The stock’s fifty day simple moving average is $836.27 and its two-hundred day simple moving average is $779.06. EMCOR Group, Inc. has a 12-month low of $540.00 and a 12-month high of $951.96.

EMCOR Group (NYSE:EME) last released its quarterly earnings results on Wednesday, April 29th. The construction company reported $6.84 EPS for the quarter, topping the consensus estimate of $5.90 by $0.94. The firm had revenue of $4.63 billion during the quarter, compared to analyst estimates of $4.20 billion. EMCOR Group had a return on equity of 35.19% and a net margin of 7.54%.The business’s revenue for the quarter was up 19.7% compared to the same quarter last year. During the same period in the previous year, the company posted $5.41 EPS. EMCOR Group has set its FY 2026 guidance at 28.250-29.750 EPS. On average, equities analysts predict that EMCOR Group, Inc. will post 29.37 earnings per share for the current fiscal year.

EMCOR Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th will be issued a $0.40 dividend. The ex-dividend date is Wednesday, July 15th. This represents a $1.60 dividend on an annualized basis and a yield of 0.2%. EMCOR Group’s payout ratio is currently 5.37%.

Insiders Place Their Bets

In other news, CFO Jason R. Nalbandian sold 800 shares of EMCOR Group stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $856.43, for a total value of $685,144.00. Following the transaction, the chief financial officer owned 18,157 shares of the company’s stock, valued at $15,550,199.51. The trade was a 4.22% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director William P. Reid sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $925.78, for a total transaction of $1,851,560.00. Following the transaction, the director owned 10,149 shares of the company’s stock, valued at approximately $9,395,741.22. This trade represents a 16.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 10,027 shares of company stock valued at $8,957,466 in the last three months. 0.83% of the stock is currently owned by 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.