Jupiter Topco LLC Acquires Shares of 8,696 EMCOR Group, Inc. $EME

Jupiter Topco LLC bought a new position in EMCOR Group, Inc. (NYSE:EME) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 8,696 shares of the construction company’s stock, valued at approximately $7,215,000.

Other hedge funds have also recently made changes to their positions in the company. Bristol Gate Capital Partners Inc. purchased a new position in shares of EMCOR Group during the 2nd quarter valued at $62,773,000. Hsbc Holdings PLC bought a new stake in EMCOR Group in the 2nd quarter valued at about $91,075,000. Canada Pension Plan Investment Board purchased a new stake in EMCOR Group during the second quarter valued at about $29,162,000. Castleark Management LLC purchased a new stake in EMCOR Group during the second quarter valued at about $755,000. Finally, Osterweis Capital Management Inc. bought a new position in EMCOR Group during the second quarter worth about $113,000. 92.59% of the stock is currently owned by institutional investors.

EMCOR Group Stock Up 0.1%

EME stock opened at $740.85 on Monday. The stock has a 50-day simple moving average of $789.57 and a two-hundred day simple moving average of $801.46. EMCOR Group, Inc. has a twelve month low of $564.92 and a twelve month high of $951.96. The firm has a market capitalization of $32.68 billion, a PE ratio of 23.04 and a beta of 1.14.

EMCOR Group (NYSE:EME) last announced its quarterly earnings results on Thursday, July 30th. The construction company reported $9.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.23 by $1.83. EMCOR Group had a net margin of 7.74% and a return on equity of 35.49%. The firm had revenue of $5.15 billion for the quarter, compared to the consensus estimate of $4.71 billion. During the same period in the prior year, the firm posted $6.72 earnings per share. The company’s revenue for the quarter was up 19.7% on a year-over-year basis. EMCOR Group has set its FY 2026 guidance at 32.000-33.250 EPS. On average, equities research analysts anticipate that EMCOR Group, Inc. will post 33.04 EPS for the current fiscal year.

EMCOR Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th were paid a $0.40 dividend. The ex-dividend date was Wednesday, July 15th. This represents a $1.60 annualized dividend and a yield of 0.2%. EMCOR Group’s dividend payout ratio is currently 4.98%.

Insider Transactions at EMCOR Group

In other EMCOR Group news, Director Carol P. Lowe sold 950 shares of the firm’s stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $844.50, for a total value of $802,275.00. Following the completion of the transaction, the director directly owned 17,278 shares of the company’s stock, valued at $14,591,271. This trade represents a 5.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.73% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on EME shares. UBS Group boosted their price target on shares of EMCOR Group from $975.00 to $1,065.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Weiss Ratings downgraded shares of EMCOR Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday. Cantor Fitzgerald reduced their price objective on shares of EMCOR Group from $1,123.00 to $1,047.00 and set an “overweight” rating for the company in a research note on Monday, August 10th. Zacks Research raised shares of EMCOR Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 30th. Finally, DA Davidson set a $1,047.00 target price on EMCOR Group in a research report on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, EMCOR Group presently has an average rating of “Buy” and a consensus price target of $965.86.

EMCOR Group 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.