Sierra Summit Advisors LLC Raises Stake in EMCOR Group, Inc. $EME

Sierra Summit Advisors LLC increased its holdings in shares of EMCOR Group, Inc. (NYSE:EME) by 7.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,264 shares of the construction company’s stock after acquiring an additional 1,106 shares during the period. EMCOR Group makes up 1.7% of Sierra Summit Advisors LLC’s investment portfolio, making the stock its 17th largest holding. Sierra Summit Advisors LLC’s holdings in EMCOR Group were worth $12,008,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in EME. Great Lakes Advisors LLC grew its stake 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 buying an additional 144 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in EMCOR Group by 93.0% during the first quarter. Geneos Wealth Management Inc. now owns 220 shares of the construction company’s stock valued at $81,000 after buying an additional 106 shares during the last quarter. Sivia Capital Partners LLC purchased a new position in EMCOR Group during the second quarter valued at $459,000. Baird Financial Group Inc. boosted 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 worth $3,113,000 after acquiring an additional 275 shares in the last quarter. Finally, Bank of Nova Scotia boosted its holdings 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 worth $2,442,000 after acquiring an additional 3,663 shares in the last quarter. Institutional investors own 92.59% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on EME. Stifel Nicolaus set a $918.00 price target on EMCOR Group in a report on Thursday, April 30th. Oppenheimer initiated coverage on shares of EMCOR Group in a research note on Thursday, May 28th. They issued an “outperform” rating and a $1,100.00 price target on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of EMCOR Group in a research report on Monday, April 20th. UBS Group raised their price objective on shares of EMCOR Group from $900.00 to $945.00 and gave the company a “buy” rating in a research note on Friday, March 6th. Finally, Wall Street Zen raised shares of EMCOR Group from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, EMCOR Group has an average rating of “Moderate Buy” and a consensus price target of $871.25.

EMCOR Group Trading Down 3.7%

EMCOR Group stock opened at $774.63 on Friday. The firm has a market cap of $34.42 billion, a price-to-earnings ratio of 25.99 and a beta of 1.13. EMCOR Group, Inc. has a 12 month low of $532.25 and a 12 month high of $951.96. The stock has a fifty day simple moving average of $855.90 and a two-hundred day simple moving average of $769.17.

EMCOR Group (NYSE:EME) last released its quarterly earnings data on Wednesday, April 29th. The construction company reported $6.84 EPS for the quarter, beating the consensus estimate of $5.90 by $0.94. EMCOR Group had a return on equity of 35.19% and a net margin of 7.54%.The company had revenue of $4.63 billion for the quarter, compared to analysts’ expectations of $4.20 billion. During the same period last year, the firm posted $5.41 earnings per share. EMCOR Group’s revenue was up 19.7% compared to the same quarter last year. EMCOR Group has set its FY 2026 guidance at 28.250-29.750 EPS. On average, equities research analysts forecast that EMCOR Group, Inc. will post 29.37 EPS for the current fiscal year.

EMCOR Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Wednesday, July 15th. EMCOR Group’s dividend payout ratio (DPR) is presently 5.37%.

Insider Activity

In related news, VP Robert Peter Lind sold 675 shares of the stock in a transaction that occurred 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 $3,770,242.32. This represents a 13.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Jason R. Nalbandian sold 800 shares of the stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $856.43, for a total transaction of $685,144.00. Following the transaction, 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 disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 10,027 shares of company stock worth $8,957,466. 0.83% of the stock is owned by corporate insiders.

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.