Ieq Capital LLC Invests $37.52 Million in EMCOR Group, Inc. $EME

Ieq Capital LLC bought a new position in shares of EMCOR Group, Inc. (NYSE:EME) in the second quarter, according to the company in its most recent filing with the SEC. The firm bought 45,206 shares of the construction company’s stock, valued at approximately $37,515,000.

Other institutional investors have also recently added to or reduced their stakes in the company. North Dakota State Investment Board bought a new stake in EMCOR Group during the 4th quarter worth approximately $928,000. Thrivent Financial for Lutherans grew its holdings in shares of EMCOR Group by 663.4% during the fourth quarter. Thrivent Financial for Lutherans now owns 113,562 shares of the construction company’s stock worth $69,476,000 after purchasing an additional 98,687 shares during the last quarter. Passumpsic Savings Bank bought a new stake in shares of EMCOR Group during the fourth quarter worth $1,726,000. Chase Investment Counsel Corp increased its stake in shares of EMCOR Group by 152.1% in the fourth quarter. Chase Investment Counsel Corp now owns 2,849 shares of the construction company’s stock valued at $1,742,000 after buying an additional 1,719 shares in the last quarter. Finally, Spectrum Strategic Capital Management LLC acquired a new stake in shares of EMCOR Group in the fourth quarter valued at $970,000. 92.59% of the stock is owned by institutional investors.

EMCOR Group Stock Down 1.2%

EME stock opened at $777.68 on Friday. The company has a market cap of $34.30 billion, a P/E ratio of 24.19 and a beta of 1.14. EMCOR Group, Inc. has a twelve month low of $564.92 and a twelve month high of $951.96. The business has a fifty day moving average of $797.37 and a 200-day moving average of $800.45.

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

EMCOR Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Wednesday, July 15th. EMCOR Group’s dividend payout ratio (DPR) is 4.98%.

Insider Activity

In other news, Director Carol P. Lowe sold 950 shares of EMCOR Group stock in a transaction that occurred 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 owned 17,278 shares in the company, valued at $14,591,271. The trade was a 5.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on EME shares. DA Davidson set a $1,047.00 price target on EMCOR Group in a report on Monday, August 10th. Oppenheimer raised their price objective on shares of 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. Zacks Research upgraded shares of EMCOR Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 30th. UBS Group boosted their target price 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. Finally, Stifel Nicolaus set a $918.00 target price on shares of EMCOR Group in a research report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $965.86.

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.