Virtus Advisers LLC Makes New $574,000 Investment in EMCOR Group, Inc. $EME

Virtus Advisers LLC acquired a new position in EMCOR Group, Inc. (NYSE:EME) during the second quarter, according to its most recent 13F filing with the SEC. The firm acquired 692 shares of the construction company’s stock, valued at approximately $574,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Ceredex Value Advisors LLC acquired a new position in shares of EMCOR Group in the 2nd quarter valued at about $23,506,000. Fairtree Asset Management Pty Ltd purchased a new position in EMCOR Group in the second quarter valued at approximately $2,032,000. Portfolio Design Labs LLC purchased a new position in EMCOR Group in the second quarter valued at approximately $251,000. Advisors Capital Management LLC acquired a new position in EMCOR Group during the second quarter valued at approximately $601,000. Finally, PCM Encore LLC acquired a new position in EMCOR Group during the second quarter valued at approximately $284,000. 92.59% of the stock is owned by institutional investors and hedge funds.

EMCOR Group Stock Performance

NYSE:EME opened at $788.39 on Friday. EMCOR Group, Inc. has a one year low of $564.92 and a one year high of $951.96. The business’s 50-day simple moving average is $798.27 and its 200 day simple moving average is $800.61. The stock has a market cap of $34.78 billion, a price-to-earnings ratio of 24.52 and a beta of 1.14.

EMCOR Group (NYSE:EME) last released 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. EMCOR Group had a return on equity of 35.49% and a net margin of 7.74%.The company had revenue of $5.15 billion during the quarter, compared to analysts’ expectations of $4.71 billion. During the same period in the prior year, the business posted $6.72 EPS. The business’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. On average, equities research analysts predict that EMCOR Group, Inc. will post 33.04 EPS for the current year.

EMCOR Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend 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%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. UBS Group boosted their price objective on shares of EMCOR Group from $975.00 to $1,065.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Stifel Nicolaus set a $918.00 target price on shares of EMCOR Group in a research note on Thursday, April 30th. Wall Street Zen upgraded shares of EMCOR Group from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. DA Davidson set a $1,047.00 price target on shares of EMCOR Group in a research report on Monday, August 10th. Finally, Oppenheimer increased their price target on EMCOR Group from $1,100.00 to $1,200.00 and gave the company an “outperform” rating in a report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, EMCOR Group currently has a consensus rating of “Buy” and a consensus target price of $965.86.

Insider Buying and Selling at EMCOR Group

In other news, Director Carol P. Lowe sold 950 shares of the business’s stock in a transaction dated 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 sale, the director owned 17,278 shares of the company’s stock, valued at approximately $14,591,271. The trade was a 5.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.73% of the company’s stock.

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.