Thrivent Financial for Lutherans Buys 98,687 Shares of EMCOR Group, Inc. $EME

Thrivent Financial for Lutherans boosted its stake in EMCOR Group, Inc. (NYSE:EME) by 663.4% in the fourth quarter, HoldingsChannel reports. The firm owned 113,562 shares of the construction company’s stock after acquiring an additional 98,687 shares during the period. Thrivent Financial for Lutherans’ holdings in EMCOR Group were worth $69,476,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in EME. Arbejdsmarkedets Tillaegspension bought a new stake in shares of EMCOR Group during the 4th quarter valued at $22,814,000. New York Life Investment Management LLC grew its position in shares of EMCOR Group by 1.0% during the 4th quarter. New York Life Investment Management LLC now owns 6,164 shares of the construction company’s stock valued at $3,771,000 after acquiring an additional 59 shares during the period. Cornerstone Wealth Management LLC grew its position in shares of EMCOR Group by 2.1% during the 4th quarter. Cornerstone Wealth Management LLC now owns 739 shares of the construction company’s stock valued at $452,000 after acquiring an additional 15 shares during the period. Bank Julius Baer & Co. Ltd Zurich grew its position in shares of EMCOR Group by 150.4% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 17,679 shares of the construction company’s stock valued at $10,885,000 after acquiring an additional 10,618 shares during the period. Finally, Allworth Financial LP grew its position in shares of EMCOR Group by 2.7% during the 4th quarter. Allworth Financial LP now owns 4,621 shares of the construction company’s stock valued at $2,827,000 after acquiring an additional 120 shares during the period. Institutional investors own 92.59% of the company’s stock.

Wall Street Analyst Weigh In

EME has been the subject of a number of recent research reports. Weiss Ratings reissued a “buy (b)” rating on shares of EMCOR Group in a research report on Monday, April 20th. DA Davidson boosted their price objective on shares of EMCOR Group from $800.00 to $900.00 and gave the company a “buy” rating in a research report on Friday, February 27th. Zacks Research raised shares of EMCOR Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 27th. Stifel Nicolaus set a $918.00 price objective on shares of EMCOR Group in a research report on Thursday, April 30th. Finally, Cantor Fitzgerald initiated coverage on shares of EMCOR Group in a research report on Tuesday, March 10th. They set an “overweight” rating and a $848.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, EMCOR Group currently has a consensus rating of “Moderate Buy” and an average target price of $799.29.

Insider Activity at EMCOR Group

In related news, VP Robert Peter Lind sold 675 shares of EMCOR Group stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $894.27, for a total transaction of $603,632.25. Following the transaction, the vice president owned 4,216 shares in the company, valued at approximately $3,770,242.32. The trade was a 13.80% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Steven Schwarzwaelder sold 5,602 shares of EMCOR Group stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $895.19, for a total transaction of $5,014,854.38. Following the transaction, the director owned 15,875 shares in the company, valued at approximately $14,211,141.25. This trade represents a 26.08% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 45,077 shares of company stock worth $34,416,471 in the last 90 days. Company insiders own 0.83% of the company’s stock.

EMCOR Group Stock Performance

EME opened at $914.03 on Friday. EMCOR Group, Inc. has a fifty-two week low of $450.68 and a fifty-two week high of $951.96. The firm’s fifty day moving average is $802.92 and its 200 day moving average is $721.75. The stock has a market cap of $40.62 billion, a price-to-earnings ratio of 30.66 and a beta of 1.17.

EMCOR Group (NYSE:EME) last released its earnings results on Wednesday, April 29th. The construction company reported $6.84 earnings per share for the quarter, beating analysts’ consensus estimates of $5.90 by $0.94. EMCOR Group had a net margin of 7.54% and a return on equity of 35.19%. The company had revenue of $4.63 billion for the quarter, compared to analysts’ expectations of $4.20 billion. During the same quarter in the previous year, the company earned $5.41 EPS. EMCOR Group’s revenue for the quarter was up 19.7% on a year-over-year basis. EMCOR Group has set its FY 2026 guidance at 28.250-29.750 EPS. On average, equities research analysts predict that EMCOR Group, Inc. will post 28.67 earnings per share for the current year.

EMCOR Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Thursday, April 16th were paid a dividend of $0.40 per share. The ex-dividend date was Thursday, April 16th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.2%. EMCOR Group’s payout ratio is 5.37%.

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.