Wealthfront Advisers LLC Takes Position in EMCOR Group, Inc. $EME

Wealthfront Advisers LLC acquired a new position in shares of EMCOR Group, Inc. (NYSE:EME) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 1,837 shares of the construction company’s stock, valued at approximately $1,524,000.

Several other hedge funds have also modified their holdings of EME. Meeder Advisory Services Inc. acquired a new position in EMCOR Group during the second quarter worth approximately $952,000. Meeder Asset Management Inc. acquired a new position in shares of EMCOR Group in the 2nd quarter valued at $3,970,000. Citizens Financial Group Inc. RI acquired a new position in shares of EMCOR Group in the 2nd quarter valued at $1,068,000. Texas Capital Bank Wealth Management Services Inc purchased a new stake in shares of EMCOR Group during the 2nd quarter valued at $257,000. Finally, UNIVEST FINANCIAL Corp purchased a new stake in shares of EMCOR Group during the 2nd quarter valued at $8,609,000. 92.59% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Carol P. Lowe sold 950 shares of EMCOR Group stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $844.50, for a total transaction of $802,275.00. Following the sale, the director owned 17,278 shares of the company’s stock, valued at $14,591,271. The trade was a 5.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.73% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on EME. DA Davidson set a $1,047.00 price objective on EMCOR Group in a report on Monday, August 10th. UBS Group boosted their price target on EMCOR Group from $975.00 to $1,065.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Oppenheimer boosted their price target on EMCOR Group from $1,100.00 to $1,200.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. Wall Street Zen upgraded EMCOR Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Finally, Weiss Ratings restated a “buy (b)” rating on shares of EMCOR Group in a report on Friday, July 17th. 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. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $965.86.

EMCOR Group Stock Performance

EMCOR Group stock opened at $777.68 on Friday. The firm has a market capitalization of $34.30 billion, a PE ratio of 24.19 and a beta of 1.14. EMCOR Group, Inc. has a one year low of $564.92 and a one year high of $951.96. The stock’s 50 day moving average price is $797.37 and its 200 day moving average price is $800.45.

EMCOR Group (NYSE:EME) last issued its quarterly earnings data on Thursday, July 30th. The construction company reported $9.06 earnings per share (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 the consensus estimate 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 last 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, analysts forecast that EMCOR Group, Inc. will post 33.04 earnings per share for the current fiscal year.

EMCOR Group Announces Dividend

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

EMCOR Group Company 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.