Perigon Wealth Management LLC Buys Shares of 818 EMCOR Group, Inc. $EME

Perigon Wealth Management LLC purchased a new stake in shares of EMCOR Group, Inc. (NYSE:EME) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 818 shares of the construction company’s stock, valued at approximately $679,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. increased its holdings in EMCOR Group by 3.8% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 356 shares of the construction company’s stock worth $270,000 after acquiring an additional 13 shares during the last quarter. PAX Financial Group LLC lifted its holdings in EMCOR Group by 3.6% during the fourth quarter. PAX Financial Group LLC now owns 404 shares of the construction company’s stock valued at $247,000 after purchasing an additional 14 shares during the last quarter. First National Bank of Hutchinson boosted its position in EMCOR Group by 0.9% during the fourth quarter. First National Bank of Hutchinson now owns 1,614 shares of the construction company’s stock worth $987,000 after purchasing an additional 15 shares during the period. Advisors Capital Management LLC increased its stake in shares of EMCOR Group by 3.4% in the fourth quarter. Advisors Capital Management LLC now owns 450 shares of the construction company’s stock worth $275,000 after purchasing an additional 15 shares in the last quarter. Finally, KPP Advisory Services LLC increased its stake in shares of EMCOR Group by 3.9% in the fourth quarter. KPP Advisory Services LLC now owns 399 shares of the construction company’s stock worth $244,000 after purchasing an additional 15 shares in the last quarter. Institutional investors own 92.59% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on EME shares. UBS Group upped their price target on shares of EMCOR Group from $975.00 to $1,065.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Oppenheimer lifted their price objective on shares of EMCOR Group from $1,100.00 to $1,200.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Cantor Fitzgerald lowered their target price on shares of EMCOR Group from $1,123.00 to $1,047.00 and set an “overweight” rating on the stock in a report on Monday, August 10th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of EMCOR Group in a report on Friday, July 17th. Finally, Zacks Research upgraded EMCOR Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 30th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $965.86.

EMCOR Group Trading Down 2.4%

Shares of NYSE:EME opened at $804.87 on Thursday. The company has a 50 day moving average of $798.75 and a 200 day moving average of $800.14. The stock has a market cap of $35.50 billion, a P/E ratio of 25.03 and a beta of 1.14. EMCOR Group, Inc. has a 12 month low of $564.92 and a 12 month high of $951.96.

EMCOR Group (NYSE:EME) last posted its earnings results on Thursday, July 30th. The construction company reported $9.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.23 by $1.83. The business had revenue of $5.15 billion for the quarter, compared to analysts’ expectations of $4.71 billion. EMCOR Group had a net margin of 7.74% and a return on equity of 35.49%. The business’s revenue for the quarter was up 19.7% compared to the same quarter last year. During the same period in the prior year, the company posted $6.72 EPS. EMCOR Group has set its FY 2026 guidance at 32.000-33.250 EPS. On average, equities analysts forecast that EMCOR Group, Inc. will post 33.04 earnings per share for the current fiscal year.

EMCOR Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Wednesday, July 15th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Wednesday, July 15th. This represents a $1.60 annualized dividend and a yield of 0.2%. EMCOR Group’s dividend payout ratio (DPR) is currently 4.98%.

Insider Transactions at EMCOR Group

In related news, Director Carol P. Lowe sold 950 shares of the business’s stock in a transaction dated 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 directly owned 17,278 shares in the company, valued at $14,591,271. The trade was a 5.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.73% of the company’s stock.

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.