Resona Asset Management Co. Ltd. Sells 875 Shares of EMCOR Group, Inc. $EME

Resona Asset Management Co. Ltd. reduced its position in shares of EMCOR Group, Inc. (NYSE:EME) by 5.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 13,983 shares of the construction company’s stock after selling 875 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in EMCOR Group were worth $8,583,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Asahi Life Asset Management CO. LTD. bought a new stake in shares of EMCOR Group in the third quarter worth approximately $445,000. Machina Capital S.A.S. bought a new stake in shares of EMCOR Group in the third quarter worth approximately $1,074,000. Wealth Enhancement Advisory Services LLC grew its stake in shares of EMCOR Group by 12.9% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 12,149 shares of the construction company’s stock worth $7,972,000 after acquiring an additional 1,389 shares during the period. Public Sector Pension Investment Board grew its stake in shares of EMCOR Group by 18.7% in the third quarter. Public Sector Pension Investment Board now owns 23,982 shares of the construction company’s stock worth $15,577,000 after acquiring an additional 3,783 shares during the period. Finally, Sierra Summit Advisors LLC bought a new stake in shares of EMCOR Group in the third quarter worth approximately $5,459,000. 92.59% of the stock is currently owned by institutional investors.

EMCOR Group Trading Down 0.5%

EME opened at $849.26 on Friday. The company has a market cap of $37.74 billion, a price-to-earnings ratio of 28.49 and a beta of 1.17. The company’s 50 day moving average is $814.25 and its 200 day moving average is $725.61. EMCOR Group, Inc. has a 12-month low of $450.68 and a 12-month high of $951.96.

EMCOR Group (NYSE:EME) last posted 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. The company had revenue of $4.63 billion for the quarter, compared to the consensus estimate of $4.20 billion. EMCOR Group had a net margin of 7.54% and a return on equity of 35.19%. The firm’s revenue was up 19.7% compared to the same quarter last year. During the same quarter last year, the firm posted $5.41 earnings per share. EMCOR Group has set its FY 2026 guidance at 28.250-29.750 EPS. As a group, analysts predict that EMCOR Group, Inc. will post 28.67 EPS for the current fiscal year.

EMCOR Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Thursday, April 16th were issued 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 dividend yield of 0.2%. EMCOR Group’s dividend payout ratio (DPR) is presently 5.37%.

Insider Buying and Selling

In related news, Director William P. Reid sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $925.78, for a total value of $1,851,560.00. Following the transaction, the director owned 10,149 shares of the company’s stock, valued at approximately $9,395,741.22. This trade represents a 16.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Steven Schwarzwaelder sold 5,602 shares of the firm’s stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $895.19, for a total transaction of $5,014,854.38. Following the completion of the transaction, the director directly owned 15,875 shares in the company, valued at approximately $14,211,141.25. The trade was a 26.08% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 45,077 shares of company stock valued at $34,416,471 in the last 90 days. 0.83% of the stock is owned by insiders.

Analysts Set New Price Targets

EME has been the subject of a number of research analyst reports. DA Davidson lifted 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. UBS Group lifted their price target on shares of EMCOR Group from $900.00 to $945.00 and gave the stock 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 note on Monday, April 20th. Robert W. Baird lifted 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, Stifel Nicolaus set a $918.00 price target on shares of EMCOR Group in a research note on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $799.29.

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.