Cookson Peirce & Co. Inc. Buys 1,666 Shares of EMCOR Group, Inc. $EME

Cookson Peirce & Co. Inc. lifted its position in shares of EMCOR Group, Inc. (NYSE:EME) by 2.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 59,774 shares of the construction company’s stock after acquiring an additional 1,666 shares during the quarter. EMCOR Group makes up about 1.6% of Cookson Peirce & Co. Inc.’s investment portfolio, making the stock its 13th largest position. Cookson Peirce & Co. Inc. owned approximately 0.14% of EMCOR Group worth $49,605,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in EME. Great Lakes Advisors LLC boosted its position in shares of EMCOR Group by 32.3% in the 1st quarter. Great Lakes Advisors LLC now owns 590 shares of the construction company’s stock worth $218,000 after purchasing an additional 144 shares during the last quarter. Geneos Wealth Management Inc. grew its stake in shares of EMCOR Group by 93.0% during the first quarter. Geneos Wealth Management Inc. now owns 220 shares of the construction company’s stock worth $81,000 after purchasing an additional 106 shares during the period. Sivia Capital Partners LLC bought a new stake in EMCOR Group in the second quarter valued at about $459,000. Baird Financial Group Inc. increased its holdings in EMCOR Group by 5.0% in the second quarter. Baird Financial Group Inc. now owns 5,820 shares of the construction company’s stock valued at $3,113,000 after purchasing an additional 275 shares during the last quarter. Finally, Bank of Nova Scotia lifted its stake in EMCOR Group by 406.1% in the second quarter. Bank of Nova Scotia now owns 4,565 shares of the construction company’s stock valued at $2,442,000 after buying an additional 3,663 shares during the period. Institutional investors and hedge funds own 92.59% of the company’s stock.

Insider Buying and Selling

In other EMCOR Group news, Director Carol P. Lowe sold 950 shares of the company’s stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $844.50, for a total value of $802,275.00. Following the transaction, the director directly owned 17,278 shares of the company’s stock, valued at $14,591,271. This represents a 5.21% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.73% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Wall Street Zen raised shares of EMCOR Group from a “hold” rating to a “buy” rating in a research report 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. DA Davidson set a $1,047.00 price objective on EMCOR Group in a research note on Monday, August 10th. UBS Group lifted their target price on EMCOR Group from $975.00 to $1,065.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Finally, Cantor Fitzgerald decreased their target price on EMCOR Group from $1,123.00 to $1,047.00 and set an “overweight” rating for the company in a research note on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, EMCOR Group currently has an average rating of “Buy” and an average target price of $965.86.

EMCOR Group Trading Down 4.4%

Shares of EME stock opened at $740.85 on Friday. EMCOR Group, Inc. has a 1 year low of $564.92 and a 1 year high of $951.96. The firm’s fifty day moving average price is $789.57 and its two-hundred day moving average price is $801.29. The firm has a market capitalization of $32.68 billion, a P/E ratio of 23.04 and a beta of 1.14.

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

EMCOR Group Dividend Announcement

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

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.