EMCOR Group, Inc. $EME Shares Bought by Lord Abbett & CO. LLC

Lord Abbett & CO. LLC raised its holdings in EMCOR Group, Inc. (NYSE:EME) by 9.1% in the fourth quarter, Holdings Channel.com reports. The fund owned 423,776 shares of the construction company’s stock after buying an additional 35,171 shares during the quarter. EMCOR Group makes up 0.8% of Lord Abbett & CO. LLC’s investment portfolio, making the stock its 27th largest position. Lord Abbett & CO. LLC’s holdings in EMCOR Group were worth $259,262,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Wealthspire Advisors LLC raised its stake in shares of EMCOR Group by 224.2% during the 4th quarter. Wealthspire Advisors LLC now owns 509 shares of the construction company’s stock worth $311,000 after buying an additional 352 shares during the last quarter. Laurel Oak Wealth Management LLC acquired a new position in shares of EMCOR Group during the 4th quarter worth $913,000. Hamilton Point Investment Advisors LLC raised its stake in shares of EMCOR Group by 0.5% during the 4th quarter. Hamilton Point Investment Advisors LLC now owns 38,867 shares of the construction company’s stock worth $23,778,000 after buying an additional 207 shares during the last quarter. Davis R M Inc. acquired a new position in shares of EMCOR Group during the 4th quarter worth $214,000. Finally, Empirical Finance LLC raised its stake in shares of EMCOR Group by 0.8% during the 4th quarter. Empirical Finance LLC now owns 2,241 shares of the construction company’s stock worth $1,371,000 after buying an additional 18 shares during the last quarter. Institutional investors and hedge funds own 92.59% of the company’s stock.

EMCOR Group Trading Up 1.3%

EMCOR Group stock opened at $822.27 on Friday. The stock has a market cap of $36.54 billion, a PE ratio of 27.58 and a beta of 1.12. The stock has a 50-day moving average price of $845.67 and a 200 day moving average price of $747.35. EMCOR Group, Inc. has a 52 week low of $470.02 and a 52 week high of $951.96.

EMCOR Group (NYSE:EME) last posted its quarterly earnings data on Wednesday, April 29th. The construction company reported $6.84 EPS for the quarter, topping analysts’ consensus estimates of $5.90 by $0.94. The firm had revenue of $4.63 billion during the quarter, compared to analysts’ expectations of $4.20 billion. EMCOR Group had a return on equity of 35.19% and a net margin of 7.54%.The firm’s quarterly revenue was up 19.7% compared to the same quarter last year. During the same quarter last year, the business posted $5.41 EPS. EMCOR Group has set its FY 2026 guidance at 28.250-29.750 EPS. On average, equities analysts predict that EMCOR Group, Inc. will post 29.22 EPS for the current year.

EMCOR Group Dividend Announcement

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

Analysts Set New Price Targets

Several research firms have recently issued reports on EME. Cantor Fitzgerald began coverage on EMCOR Group in a research note on Tuesday, March 10th. They set an “overweight” rating and a $848.00 price target for the company. Zacks Research downgraded EMCOR Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Robert W. Baird lifted their price target on EMCOR Group from $713.00 to $808.00 and gave the stock an “outperform” rating in a research note on Friday, February 27th. Stifel Nicolaus set a $918.00 price target on EMCOR Group in a research note on Thursday, April 30th. Finally, DA Davidson lifted their price target on EMCOR Group from $800.00 to $900.00 and gave the stock a “buy” rating in a research note on Friday, February 27th. Ten research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $836.88.

Insider Buying and Selling

In related news, CFO Jason R. Nalbandian sold 800 shares of EMCOR Group stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $856.43, for a total transaction of $685,144.00. Following the completion of the sale, the chief financial officer owned 18,157 shares in the company, valued at approximately $15,550,199.51. This trade represents a 4.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director William P. Reid sold 2,000 shares of EMCOR Group stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $925.78, for a total value of $1,851,560.00. Following the sale, the director owned 10,149 shares of the company’s stock, valued at approximately $9,395,741.22. This represents a 16.46% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 9,077 shares of company stock worth $8,155,191. 0.83% of the stock is owned by company insiders.

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.