Legal & General Group Plc Lowers Stock Position in EMCOR Group, Inc. $EME

Legal & General Group Plc reduced its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 1.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 169,325 shares of the construction company’s stock after selling 2,917 shares during the period. Legal & General Group Plc’s holdings in EMCOR Group were worth $103,591,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Barnes Dennig Private Wealth Management LLC purchased a new position in shares of EMCOR Group during the 4th quarter valued at about $26,000. Main Street Group LTD lifted its position in shares of EMCOR Group by 110.0% during the 3rd quarter. Main Street Group LTD now owns 42 shares of the construction company’s stock valued at $27,000 after buying an additional 22 shares in the last quarter. Activest Wealth Management lifted its position in shares of EMCOR Group by 800.0% during the 4th quarter. Activest Wealth Management now owns 54 shares of the construction company’s stock valued at $33,000 after buying an additional 48 shares in the last quarter. Richardson Financial Services Inc. lifted its position in shares of EMCOR Group by 71.9% during the 4th quarter. Richardson Financial Services Inc. now owns 55 shares of the construction company’s stock valued at $34,000 after buying an additional 23 shares in the last quarter. Finally, Elyxium Wealth LLC purchased a new position in shares of EMCOR Group during the 4th quarter valued at about $37,000. 92.59% of the stock is owned by hedge funds and other institutional investors.

EMCOR Group Price Performance

NYSE:EME opened at $848.57 on Friday. EMCOR Group, Inc. has a 1 year low of $455.14 and a 1 year high of $951.96. The stock’s 50 day simple moving average is $827.61 and its two-hundred day simple moving average is $732.36. The company has a market cap of $37.71 billion, a price-to-earnings ratio of 28.47 and a beta of 1.17.

EMCOR Group (NYSE:EME) last released its quarterly earnings data on Wednesday, April 29th. The construction company reported $6.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.90 by $0.94. EMCOR Group had a return on equity of 35.19% and a net margin of 7.54%.The business had revenue of $4.63 billion for the quarter, compared to the consensus estimate of $4.20 billion. During the same quarter in the previous year, the company posted $5.41 EPS. The company’s revenue was up 19.7% compared to the same quarter last year. EMCOR Group has set its FY 2026 guidance at 28.250-29.750 EPS. As a group, analysts anticipate that EMCOR Group, Inc. will post 28.67 EPS for the current year.

EMCOR Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Thursday, April 16th were paid a $0.40 dividend. The ex-dividend date of this dividend was Thursday, April 16th. This represents a $1.60 dividend on an annualized basis and a yield of 0.2%. EMCOR Group’s payout ratio is presently 5.37%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Wall Street Zen raised EMCOR Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. DA Davidson lifted their target price on EMCOR Group from $800.00 to $900.00 and gave the company a “buy” rating in a research note on Friday, February 27th. UBS Group lifted their target price on EMCOR Group from $900.00 to $945.00 and gave the company a “buy” rating in a research note on Friday, March 6th. Weiss Ratings reiterated a “buy (b)” rating on shares of EMCOR Group in a research report on Monday, April 20th. Finally, Stifel Nicolaus set a $918.00 price objective on shares of EMCOR Group in a research report on Thursday, April 30th. Ten research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $836.88.

Insider Transactions at EMCOR Group

In other news, VP Robert Peter Lind sold 675 shares of EMCOR Group stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $894.27, for a total value of $603,632.25. Following the completion of the transaction, the vice president owned 4,216 shares in the company, valued at approximately $3,770,242.32. The trade was a 13.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Jason R. Nalbandian sold 800 shares of EMCOR Group stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $856.43, for a total value of $685,144.00. Following the completion of the transaction, the chief financial officer owned 18,157 shares of the company’s stock, valued at approximately $15,550,199.51. This trade represents a 4.22% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 45,077 shares of company stock worth $34,416,471. 0.83% of the stock is currently owned by corporate 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.