22,224 Shares in EMCOR Group, Inc. $EME Bought by Nykredit A S

Nykredit A S acquired a new stake in shares of EMCOR Group, Inc. (NYSE:EME) in the 2nd quarter, Holdings Channel reports. The institutional investor acquired 22,224 shares of the construction company’s stock, valued at approximately $18,443,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in EME. Swiss RE Ltd. purchased a new stake in shares of EMCOR Group in the 4th quarter valued at about $25,000. Ascentis Independent Advisors purchased a new position in shares of EMCOR Group during the first quarter worth about $27,000. Zions Bancorporation National Association UT bought a new position in shares of EMCOR Group in the fourth quarter worth approximately $28,000. Basecamp Wealth Advisors LLC increased its position in shares of EMCOR Group by 4,700.0% in the first quarter. Basecamp Wealth Advisors LLC now owns 48 shares of the construction company’s stock worth $35,000 after purchasing an additional 47 shares during the last quarter. Finally, Elyxium Wealth LLC purchased a new stake in EMCOR Group in the fourth quarter valued at approximately $37,000. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other EMCOR Group news, Director Carol Lowe sold 950 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director owned 17,278 shares in the company, 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 document filed with the SEC, which can be accessed through this hyperlink. 0.73% of the stock is owned by company insiders.

EMCOR Group Stock Up 1.7%

Shares of NYSE:EME opened at $753.90 on Friday. The stock has a market cap of $33.25 billion, a PE ratio of 23.45 and a beta of 1.13. The company’s fifty day moving average is $779.10 and its 200 day moving average is $799.59. EMCOR Group, Inc. has a 52 week low of $564.92 and a 52 week high of $951.96.

EMCOR Group (NYSE:EME) last posted 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. EMCOR Group had a net margin of 7.74% and a return on equity of 35.49%. The business had revenue of $5.15 billion during the quarter, compared to analyst estimates of $4.71 billion. During the same period in the prior year, the business posted $6.72 earnings per share. The company’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. Sell-side analysts anticipate that EMCOR Group, Inc. will post 33.04 EPS for the current year.

EMCOR Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Wednesday, July 15th were given a dividend of $0.40 per share. 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%.

Analysts Set New Price Targets

A number of research firms have commented on EME. Oppenheimer boosted their price target on shares of EMCOR Group from $1,100.00 to $1,200.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. Cantor Fitzgerald cut their target price on shares of EMCOR Group from $1,123.00 to $1,047.00 and set an “overweight” rating for the company in a research report on Monday, August 10th. Zacks Research upgraded EMCOR Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 30th. Weiss Ratings lowered EMCOR Group from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, August 27th. Finally, DA Davidson set a $1,047.00 price objective on EMCOR Group in a report on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, EMCOR Group presently has a consensus rating of “Buy” and an average price target 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.