Evolve Private Wealth LLC Makes New $3.03 Million Investment in EMCOR Group, Inc. $EME

Evolve Private Wealth LLC purchased a new stake in EMCOR Group, Inc. (NYSE:EME) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 3,655 shares of the construction company’s stock, valued at approximately $3,033,000.

A number of other hedge funds have also modified their holdings of the business. Great Lakes Advisors LLC boosted its stake in EMCOR Group by 32.3% during the first quarter. Great Lakes Advisors LLC now owns 590 shares of the construction company’s stock worth $218,000 after buying an additional 144 shares during the period. Geneos Wealth Management Inc. raised its stake in shares of EMCOR Group by 93.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 220 shares of the construction company’s stock valued at $81,000 after acquiring an additional 106 shares during the period. Sivia Capital Partners LLC purchased a new stake in shares of EMCOR Group in the 2nd quarter valued at approximately $459,000. Baird Financial Group Inc. lifted its holdings in shares of EMCOR Group by 5.0% in the 2nd quarter. Baird Financial Group Inc. now owns 5,820 shares of the construction company’s stock worth $3,113,000 after acquiring an additional 275 shares during the last quarter. Finally, Bank of Nova Scotia lifted its holdings in shares of EMCOR Group by 406.1% in the 2nd quarter. Bank of Nova Scotia now owns 4,565 shares of the construction company’s stock worth $2,442,000 after acquiring an additional 3,663 shares during the last quarter. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

EME has been the topic of a number of research analyst reports. Oppenheimer boosted their target price on EMCOR Group from $1,100.00 to $1,200.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. UBS Group lifted 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. Cantor Fitzgerald cut their price objective 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. DA Davidson set a $1,047.00 target price on EMCOR Group in a research note on Monday, August 10th. Finally, Wall Street Zen upgraded EMCOR Group from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $965.86.

EMCOR Group Price Performance

EME stock opened at $777.68 on Friday. The firm has a market capitalization of $34.30 billion, a P/E ratio of 24.19 and a beta of 1.14. The business’s 50-day moving average is $797.37 and its two-hundred day moving average is $800.45. EMCOR Group, Inc. has a 1 year low of $564.92 and a 1 year high of $951.96.

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

EMCOR Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th were given a $0.40 dividend. The ex-dividend date of this dividend was Wednesday, July 15th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.2%. EMCOR Group’s dividend payout ratio is currently 4.98%.

Insider Buying and Selling at EMCOR Group

In other news, Director Carol P. Lowe sold 950 shares of EMCOR Group 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 completion of the sale, the director directly 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 accessible through the SEC website. Insiders own 0.73% of the company’s stock.

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.