Csenge Advisory Group purchased a new position in EMCOR Group, Inc. (NYSE:EME – Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 688 shares of the construction company’s stock, valued at approximately $571,000.
Several other institutional investors also recently added to or reduced their stakes in EME. Whittier Trust Co. of Nevada Inc. boosted its stake in EMCOR Group by 3.8% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 356 shares of the construction company’s stock valued at $270,000 after acquiring an additional 13 shares during the last quarter. PAX Financial Group LLC increased its stake in shares of EMCOR Group by 3.6% during the 4th quarter. PAX Financial Group LLC now owns 404 shares of the construction company’s stock worth $247,000 after purchasing an additional 14 shares during the last quarter. First National Bank of Hutchinson raised its holdings in shares of EMCOR Group by 0.9% in the 4th 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 raised its holdings in shares of EMCOR Group by 3.4% in the 4th quarter. Advisors Capital Management LLC now owns 450 shares of the construction company’s stock worth $275,000 after purchasing an additional 15 shares during the period. Finally, KPP Advisory Services LLC lifted its stake in EMCOR Group by 3.9% in the fourth quarter. KPP Advisory Services LLC now owns 399 shares of the construction company’s stock valued at $244,000 after purchasing an additional 15 shares during the last quarter. Institutional investors own 92.59% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research firms have issued reports on EME. Stifel Nicolaus set a $918.00 target price on EMCOR Group in a research report on Thursday, April 30th. Oppenheimer increased their price target on EMCOR Group from $1,100.00 to $1,200.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. Cantor Fitzgerald decreased their price objective on EMCOR Group from $1,123.00 to $1,047.00 and set an “overweight” rating for the company in a report on Monday, August 10th. UBS Group boosted their price objective on EMCOR Group from $975.00 to $1,065.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Finally, Zacks Research raised shares of EMCOR Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 30th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, EMCOR Group presently has an average rating of “Buy” and a consensus target price of $965.86.
Insider Buying and Selling
In related news, Director Carol P. Lowe sold 950 shares of the business’s stock in a transaction that occurred on Wednesday, June 17th. The shares were 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 approximately $14,591,271. The trade was a 5.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.73% of the company’s stock.
EMCOR Group Stock Performance
NYSE:EME opened at $788.39 on Friday. The business’s fifty day moving average is $798.27 and its 200 day moving average is $800.61. The firm has a market cap of $34.78 billion, a price-to-earnings ratio of 24.52 and a beta of 1.14. EMCOR Group, Inc. has a 52-week low of $564.92 and a 52-week high of $951.96.
EMCOR Group (NYSE:EME – Get Free Report) last issued its earnings results on Thursday, July 30th. The construction company reported $9.06 EPS for the quarter, topping the consensus estimate of $7.23 by $1.83. EMCOR Group had a return on equity of 35.49% and a net margin of 7.74%.The business had revenue of $5.15 billion during the quarter, compared to the consensus estimate of $4.71 billion. During the same quarter last year, the company earned $6.72 EPS. The firm’s revenue was up 19.7% compared to the same quarter last year. EMCOR Group has set its FY 2026 guidance at 32.000-33.250 EPS. Equities analysts predict that EMCOR Group, Inc. will post 33.04 EPS for the current fiscal year.
EMCOR Group Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date was Wednesday, July 15th. EMCOR Group’s dividend payout ratio (DPR) is 4.98%.
EMCOR Group Company 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.
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