VIRGINIA RETIREMENT SYSTEMS ET Al Makes New $63.58 Million Investment in EMCOR Group, Inc. $EME

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of EMCOR Group, Inc. (NYSE:EME) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 76,613 shares of the construction company’s stock, valued at approximately $63,580,000.

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

EMCOR Group Stock Performance

Shares of EME stock opened at $753.90 on Monday. The stock’s 50 day simple moving average is $779.10 and its 200 day simple moving average is $799.58. EMCOR Group, Inc. has a twelve month low of $564.92 and a twelve month high of $951.96. The company has a market capitalization of $33.25 billion, a price-to-earnings ratio of 23.45 and a beta of 1.13.

EMCOR Group (NYSE:EME) last announced its earnings results on Thursday, July 30th. The construction company reported $9.06 earnings per share (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 firm had revenue of $5.15 billion during the quarter, compared to analysts’ expectations of $4.71 billion. During the same quarter in the prior year, the business earned $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. On average, analysts forecast that EMCOR Group, Inc. will post 33.04 EPS for the current fiscal year.

EMCOR Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Wednesday, July 15th were issued a dividend of $0.40 per share. 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 is currently 4.98%.

Wall Street Analysts Forecast Growth

EME has been the topic of a number of research reports. DA Davidson set a $1,047.00 target price on shares of EMCOR Group in a report on Monday, August 10th. Weiss Ratings lowered shares of EMCOR Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, August 27th. Oppenheimer upped their price target on EMCOR Group from $1,100.00 to $1,200.00 and gave the company an “outperform” rating in a report on Friday, July 31st. Cantor Fitzgerald cut their price objective on 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. Finally, UBS Group raised their price objective on EMCOR Group from $975.00 to $1,065.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $965.86.

Insider Activity

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

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.