Kingsview Wealth Management LLC Purchases Shares of 771 EMCOR Group, Inc. $EME

Kingsview Wealth Management LLC acquired a new position in shares of EMCOR Group, Inc. (NYSE:EME) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 771 shares of the construction company’s stock, valued at approximately $640,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. North Dakota State Investment Board bought a new position in shares of EMCOR Group during the fourth quarter valued at about $928,000. Sapient Capital LLC bought a new stake in EMCOR Group in the 2nd quarter worth about $5,962,000. Thrivent Financial for Lutherans increased its stake in EMCOR Group by 663.4% in the 4th quarter. Thrivent Financial for Lutherans now owns 113,562 shares of the construction company’s stock valued at $69,476,000 after buying an additional 98,687 shares during the last quarter. Summit Global Investments purchased a new stake in EMCOR Group in the 2nd quarter valued at about $3,791,000. Finally, Passumpsic Savings Bank bought a new position in shares of EMCOR Group during the 4th quarter worth approximately $1,726,000. 92.59% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

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

Analysts Set New Price Targets

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

EMCOR Group Stock Up 0.1%

EMCOR Group stock opened at $740.85 on Monday. EMCOR Group, Inc. has a twelve month low of $564.92 and a twelve month high of $951.96. The firm has a 50 day moving average price of $789.57 and a 200-day moving average price of $801.46. The company has a market capitalization of $32.68 billion, a P/E ratio of 23.04 and a beta of 1.14.

EMCOR Group (NYSE:EME) last posted its quarterly earnings results on Thursday, July 30th. The construction company reported $9.06 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 company had revenue of $5.15 billion for the quarter, compared to analysts’ expectations of $4.71 billion. During the same quarter in the previous year, the firm posted $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. Equities analysts expect that EMCOR Group, Inc. will post 33.04 EPS for the current fiscal year.

EMCOR Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th were given a $0.40 dividend. 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 currently 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.