Summit Global Investments Boosts Stake in EMCOR Group, Inc. $EME

Summit Global Investments increased its holdings in shares of EMCOR Group, Inc. (NYSE:EME) by 30.1% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,768 shares of the construction company’s stock after acquiring an additional 1,104 shares during the period. Summit Global Investments’ holdings in EMCOR Group were worth $3,520,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC increased its position in EMCOR Group by 12.9% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 12,149 shares of the construction company’s stock valued at $7,972,000 after acquiring an additional 1,389 shares during the period. North Dakota State Investment Board acquired a new stake in EMCOR Group during the 4th quarter worth approximately $928,000. Thrivent Financial for Lutherans grew its stake in shares of EMCOR Group by 663.4% in the 4th quarter. Thrivent Financial for Lutherans now owns 113,562 shares of the construction company’s stock valued at $69,476,000 after purchasing an additional 98,687 shares during the last quarter. Chase Investment Counsel Corp grew its stake in shares of EMCOR Group by 152.1% in the 4th quarter. Chase Investment Counsel Corp now owns 2,849 shares of the construction company’s stock valued at $1,742,000 after purchasing an additional 1,719 shares during the last quarter. Finally, Passumpsic Savings Bank acquired a new position in shares of EMCOR Group in the fourth quarter valued at approximately $1,726,000. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on EME shares. Oppenheimer started coverage on EMCOR Group in a report on Thursday, May 28th. They set an “outperform” rating and a $1,100.00 price target for the company. Wall Street Zen raised shares of EMCOR Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Zacks Research upgraded shares of EMCOR Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 30th. Stifel Nicolaus set a $918.00 target price on shares of EMCOR Group in a research note on Thursday, April 30th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $1,123.00 target price on shares of EMCOR Group in a report on Tuesday, June 16th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $871.25.

Insiders Place Their Bets

In other EMCOR Group news, Director William P. Reid sold 2,000 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $925.78, for a total transaction of $1,851,560.00. Following the transaction, the director directly owned 10,149 shares in the company, valued at approximately $9,395,741.22. This represents a 16.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Carol P. Lowe sold 950 shares of the stock in a transaction dated 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 transaction, the director directly owned 17,278 shares of the company’s stock, valued at approximately $14,591,271. This trade represents a 5.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 10,027 shares of company stock worth $8,957,466. Insiders own 0.73% of the company’s stock.

EMCOR Group Price Performance

EME opened at $744.94 on Tuesday. EMCOR Group, Inc. has a 12 month low of $540.00 and a 12 month high of $951.96. The stock has a market capitalization of $33.11 billion, a P/E ratio of 24.99 and a beta of 1.13. The business has a 50 day simple moving average of $825.48 and a 200-day simple moving average of $781.66.

EMCOR Group (NYSE:EME) last announced its quarterly earnings data on Wednesday, April 29th. The construction company reported $6.84 earnings per share for the quarter, topping analysts’ consensus estimates of $5.90 by $0.94. The firm had revenue of $4.63 billion for the quarter, compared to analyst estimates of $4.20 billion. EMCOR Group had a return on equity of 35.19% and a net margin of 7.54%.EMCOR Group’s quarterly revenue was up 19.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $5.41 earnings per share. EMCOR Group has set its FY 2026 guidance at 28.250-29.750 EPS. Research analysts anticipate that EMCOR Group, Inc. will post 29.37 EPS for the current year.

EMCOR Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Wednesday, July 15th. EMCOR Group’s dividend payout ratio (DPR) is currently 5.37%.

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.