EMCOR Group, Inc. $EME Shares Sold by Cookson Peirce & Co. Inc.

Cookson Peirce & Co. Inc. lowered its position in shares of EMCOR Group, Inc. (NYSE:EME) by 1.6% during the fourth quarter, Holdings Channel reports. The fund owned 59,561 shares of the construction company’s stock after selling 985 shares during the quarter. EMCOR Group makes up approximately 1.5% of Cookson Peirce & Co. Inc.’s investment portfolio, making the stock its 20th biggest position. Cookson Peirce & Co. Inc.’s holdings in EMCOR Group were worth $36,439,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of EME. Vanguard Group Inc. boosted its position in EMCOR Group by 17.6% during the third quarter. Vanguard Group Inc. now owns 5,332,636 shares of the construction company’s stock worth $3,463,760,000 after acquiring an additional 798,975 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in EMCOR Group by 132,234.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 669,611 shares of the construction company’s stock worth $409,661,000 after purchasing an additional 669,105 shares during the period. Norges Bank purchased a new position in EMCOR Group during the fourth quarter worth approximately $389,702,000. Victory Capital Management Inc. raised its stake in EMCOR Group by 48.8% during the third quarter. Victory Capital Management Inc. now owns 949,360 shares of the construction company’s stock worth $572,351,000 after purchasing an additional 311,474 shares during the period. Finally, State Street Corp raised its stake in EMCOR Group by 15.2% during the third quarter. State Street Corp now owns 1,852,991 shares of the construction company’s stock worth $1,203,592,000 after purchasing an additional 244,494 shares during the period. Institutional investors and hedge funds own 92.59% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. DA Davidson increased their price target on shares of EMCOR Group from $800.00 to $900.00 and gave the stock a “buy” rating in a research note on Friday, February 27th. Zacks Research downgraded shares of EMCOR Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Cantor Fitzgerald assumed coverage on shares of EMCOR Group in a research note on Tuesday, March 10th. They set an “overweight” rating and a $848.00 price target on the stock. Robert W. Baird increased their price target on shares of EMCOR Group from $713.00 to $808.00 and gave the stock an “outperform” rating in a research note on Friday, February 27th. Finally, Wall Street Zen raised shares of EMCOR Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Ten equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $836.88.

Insider Activity

In related news, VP Robert Peter Lind sold 675 shares of the firm’s stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $894.27, for a total transaction of $603,632.25. Following the completion of the sale, the vice president directly owned 4,216 shares of the company’s stock, valued at approximately $3,770,242.32. This trade represents a 13.80% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Jason R. Nalbandian sold 800 shares of the firm’s stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $856.43, for a total transaction of $685,144.00. Following the sale, the chief financial officer directly owned 18,157 shares of the company’s stock, valued at approximately $15,550,199.51. The trade was a 4.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 9,077 shares of company stock valued at $8,155,191 in the last 90 days. Company insiders own 0.83% of the company’s stock.

EMCOR Group Stock Down 3.4%

EMCOR Group stock opened at $817.00 on Friday. EMCOR Group, Inc. has a 52-week low of $455.14 and a 52-week high of $951.96. The firm has a fifty day moving average of $837.60 and a 200-day moving average of $739.90. The firm has a market capitalization of $36.31 billion, a P/E ratio of 27.41 and a beta of 1.12.

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 the consensus estimate of $5.90 by $0.94. EMCOR Group had a net margin of 7.54% and a return on equity of 35.19%. The company had revenue of $4.63 billion during the quarter, compared to analyst estimates of $4.20 billion. During the same quarter in the prior year, the business earned $5.41 earnings per share. The business’s quarterly 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. On average, research analysts expect that EMCOR Group, Inc. will post 29.22 EPS for the current fiscal year.

EMCOR Group Dividend Announcement

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

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.