The Manufacturers Life Insurance Company Acquires New Holdings in EMCOR Group, Inc. $EME

The Manufacturers Life Insurance Company bought a new position in EMCOR Group, Inc. (NYSE:EME) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 29,271 shares of the construction company’s stock, valued at approximately $24,291,000. The Manufacturers Life Insurance Company owned about 0.07% of EMCOR Group as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. North Dakota State Investment Board bought a new position in shares of EMCOR Group in the fourth quarter worth about $928,000. Sapient Capital LLC bought a new position in EMCOR Group during the second quarter worth $5,962,000. Thrivent Financial for Lutherans increased its position in 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 acquiring an additional 98,687 shares during the period. Summit Global Investments bought a new position in shares of EMCOR Group during the 2nd quarter worth about $3,791,000. Finally, Passumpsic Savings Bank acquired a new position in shares of EMCOR Group during the fourth quarter valued at about $1,726,000. Institutional investors and hedge funds own 92.59% of the company’s stock.

EMCOR Group Price Performance

NYSE EME opened at $775.48 on Friday. The stock’s 50 day simple moving average is $791.50 and its 200 day simple moving average is $801.71. EMCOR Group, Inc. has a one year low of $564.92 and a one year high of $951.96. The firm has a market cap of $34.21 billion, a PE ratio of 24.12 and a beta of 1.14.

EMCOR Group (NYSE:EME) last posted its quarterly earnings data on Thursday, July 30th. The construction company reported $9.06 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $4.71 billion. During the same quarter in the previous year, the firm earned $6.72 earnings per share. 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. As a group, equities analysts expect that EMCOR Group, Inc. will post 33.04 earnings per share 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 given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.2%. The ex-dividend date was Wednesday, July 15th. EMCOR Group’s dividend payout ratio (DPR) is presently 4.98%.

Insider Buying and Selling at EMCOR Group

In other EMCOR Group 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 transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.73% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Weiss Ratings restated a “buy (b)” rating on shares of EMCOR Group in a research note on Friday, July 17th. Zacks Research upgraded EMCOR Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 30th. Wall Street Zen upgraded EMCOR Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Stifel Nicolaus set a $918.00 price objective on shares of EMCOR Group in a research note on Thursday, April 30th. Finally, Cantor Fitzgerald reduced their price objective on shares of EMCOR Group from $1,123.00 to $1,047.00 and set an “overweight” rating for the company in a report on Monday, August 10th. One 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 stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $965.86.

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.