EMCOR Group, Inc. $EME Stock Holdings Lifted by Hsbc Holdings PLC

Hsbc Holdings PLC lifted its position in EMCOR Group, Inc. (NYSE:EME) by 7.5% in the 1st quarter, Holdings Channel reports. The fund owned 139,247 shares of the construction company’s stock after buying an additional 9,727 shares during the period. Hsbc Holdings PLC’s holdings in EMCOR Group were worth $102,715,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Peterson Wealth Services purchased a new stake in EMCOR Group in the 1st quarter worth about $3,528,000. Sumitomo Mitsui Trust Group Inc. raised its holdings in EMCOR Group by 10.2% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 105,764 shares of the construction company’s stock worth $78,087,000 after acquiring an additional 9,754 shares during the period. Resona Asset Management Co. Ltd. grew its holdings in EMCOR Group by 1.4% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 14,179 shares of the construction company’s stock valued at $10,367,000 after buying an additional 196 shares during the last quarter. Personal CFO Solutions LLC raised its stake in EMCOR Group by 24.1% during the 1st quarter. Personal CFO Solutions LLC now owns 870 shares of the construction company’s stock valued at $643,000 after purchasing an additional 169 shares during the last quarter. Finally, Axxcess Wealth Management LLC lifted its stake in shares of EMCOR Group by 7.7% in the first quarter. Axxcess Wealth Management LLC now owns 1,916 shares of the construction company’s stock valued at $1,415,000 after buying an additional 137 shares during the period. Hedge funds and other institutional investors own 92.59% of the company’s stock.

EMCOR Group Stock Performance

Shares of EME stock opened at $741.30 on Monday. The stock’s fifty day moving average is $829.21 and its 200-day moving average is $780.76. The stock has a market capitalization of $32.94 billion, a PE ratio of 24.87 and a beta of 1.13. EMCOR Group, Inc. has a 52 week low of $540.00 and a 52 week high of $951.96.

EMCOR Group (NYSE:EME) last released its quarterly earnings results on Wednesday, April 29th. The construction company reported $6.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.90 by $0.94. The business 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 revenue for the quarter was up 19.7% compared to the same quarter last year. During the same period in the previous year, the business posted $5.41 earnings per share. EMCOR Group has set its FY 2026 guidance at 28.250-29.750 EPS. As a group, analysts forecast that EMCOR Group, Inc. will post 29.37 earnings per share for the current fiscal year.

EMCOR Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be given 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 is Wednesday, July 15th. EMCOR Group’s dividend payout ratio is presently 5.37%.

Insider Activity at EMCOR Group

In related news, Director Steven Schwarzwaelder sold 5,602 shares of the firm’s stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $895.19, for a total value of $5,014,854.38. Following the completion of the sale, the director owned 15,875 shares of the company’s stock, valued at $14,211,141.25. This trade represents a 26.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Carol P. 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 transaction of $802,275.00. Following the completion of the transaction, the director owned 17,278 shares of the company’s stock, valued at $14,591,271. This trade represents a 5.21% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 10,027 shares of company stock valued at $8,957,466 in the last three months. 0.83% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Stifel Nicolaus set a $918.00 target price on shares of EMCOR Group in a research report on Thursday, April 30th. Zacks Research raised shares of EMCOR Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 30th. Cantor Fitzgerald reiterated an “overweight” rating and set a $1,123.00 target price on shares of EMCOR Group in a research report on Tuesday, June 16th. Weiss Ratings reissued a “buy (b)” rating on shares of EMCOR Group in a report on Monday, April 20th. Finally, Wall Street Zen upgraded shares of EMCOR Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $871.25.

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.