Van ECK Associates Corp Has $7.71 Million Stake in EMCOR Group, Inc. $EME

Van ECK Associates Corp lowered its stake in EMCOR Group, Inc. (NYSE:EME) by 16.9% in the second quarter, Holdings Channel reports. The fund owned 9,286 shares of the construction company’s stock after selling 1,894 shares during the quarter. Van ECK Associates Corp’s holdings in EMCOR Group were worth $7,706,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Ascentis Independent Advisors acquired a new position in EMCOR Group during the 1st quarter worth approximately $27,000. Swiss RE Ltd. acquired a new stake in EMCOR Group in the fourth quarter valued at approximately $25,000. Zions Bancorporation National Association UT bought a new stake in shares of EMCOR Group during the fourth quarter worth $28,000. Clearstead Trust LLC bought a new stake in shares of EMCOR Group during the second quarter worth $38,000. Finally, Orion Capital Management LLC acquired a new position in shares of EMCOR Group during the second quarter worth $39,000. 92.59% of the stock is owned by institutional investors.

Insider Buying and Selling at EMCOR Group

In related news, Director Carol P. Lowe sold 950 shares of the business’s 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 transaction, the director owned 17,278 shares in the company, valued at $14,591,271. The trade was a 5.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.73% of the stock is owned by corporate insiders.

EMCOR Group Trading Up 0.1%

Shares of EMCOR Group stock opened at $735.31 on Wednesday. The business has a 50-day moving average price of $784.79 and a two-hundred day moving average price of $800.67. EMCOR Group, Inc. has a 1-year low of $564.92 and a 1-year high of $951.96. The company has a market cap of $32.43 billion, a P/E ratio of 22.87 and a beta of 1.13.

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

EMCOR Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Wednesday, July 15th. This represents a $1.60 annualized dividend and a dividend yield of 0.2%. EMCOR Group’s dividend payout ratio (DPR) is 4.98%.

Analysts Set New Price Targets

EME has been the subject of a number of research reports. UBS Group increased their price target 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. Zacks Research raised EMCOR Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 30th. DA Davidson set a $1,047.00 price target on EMCOR Group in a research note on Monday, August 10th. Cantor Fitzgerald reduced their price target on EMCOR Group from $1,123.00 to $1,047.00 and set an “overweight” rating on the stock in a report on Monday, August 10th. Finally, Oppenheimer upped their price objective on EMCOR Group from $1,100.00 to $1,200.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. One 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average 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.