EMCOR Group, Inc. $EME Shares Acquired by National Pension Service

by · The Cerbat Gem

National Pension Service grew its holdings in EMCOR Group, Inc. (NYSE:EME – Free Report) by 1.2% during the second quarter, HoldingsChannel reports. The fund owned 86,169 shares of the construction company’s stock after purchasing an additional 1,026 shares during the period. National Pension Service’s holdings in EMCOR Group were worth $71,510,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Pinnacle Wealth Management Advisory Group LLC acquired a new position in EMCOR Group in the second quarter valued at approximately $337,000. NewEdge Advisors LLC raised its holdings in EMCOR Group by 13.3% during the second quarter. NewEdge Advisors LLC now owns 17,873 shares of the construction company’s stock worth $14,833,000 after purchasing an additional 2,099 shares in the last quarter. IFP Advisors Inc raised its holdings in EMCOR Group by 12.1% during the second quarter. IFP Advisors Inc now owns 1,503 shares of the construction company’s stock worth $1,247,000 after purchasing an additional 162 shares in the last quarter. Arizona State Retirement System lifted its position in shares of EMCOR Group by 4.8% during the 2nd quarter. Arizona State Retirement System now owns 12,768 shares of the construction company’s stock worth $10,596,000 after buying an additional 585 shares during the last quarter. Finally, Nykredit A S purchased a new stake in shares of EMCOR Group during the 2nd quarter worth approximately $15,974,000. Institutional investors and hedge funds own 92.59% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on EME. Zacks Research upgraded shares of EMCOR Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 30th. Cantor Fitzgerald reduced their price target on shares of EMCOR Group from $1,123.00 to $1,047.00 and set an “overweight” rating for the company in a research report on Monday, August 10th. DA Davidson set a $1,047.00 price objective on shares of EMCOR Group in a research note on Monday, August 10th. Weiss Ratings downgraded shares of EMCOR Group from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, August 27th. Finally, UBS Group raised their price objective on EMCOR Group from $975.00 to $1,065.00 and gave the stock a “buy” rating in a report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $965.86.

View Our Latest Analysis on EME

Insider Buying and Selling

In other news, Director Carol Lowe sold 950 shares of the company’s stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $844.50, for a total value of $802,275.00. Following the completion of the sale, the director directly owned 17,278 shares of the company’s stock, valued at approximately $14,591,271. This represents a 5.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.73% of the company’s stock.

EMCOR Group Trading Up 4.2%

EME stock opened at $779.69 on Friday. The company has a market capitalization of $34.39 billion, a P/E ratio of 24.25 and a beta of 1.13. The business has a 50 day simple moving average of $775.30 and a 200-day simple moving average of $798.29. EMCOR Group, Inc. has a twelve month low of $564.92 and a twelve month high of $951.96.

EMCOR Group (NYSE:EME – Get Free Report) last announced its earnings results on Thursday, July 30th. The construction company reported $9.06 EPS for the quarter, beating analysts’ consensus estimates of $7.23 by $1.83. EMCOR Group had a net margin of 7.74% and a return on equity of 35.49%. The business had revenue of $5.15 billion for the quarter, compared to analysts’ expectations of $4.71 billion. During the same period in the previous year, the company posted $6.72 EPS. The company’s quarterly revenue was up 19.7% on a year-over-year basis. EMCOR Group has set its FY 2026 guidance at 32.000-33.250 EPS. Research analysts predict that EMCOR Group, Inc. will post 33.04 EPS for the current fiscal year.

EMCOR Group Announces Dividend

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

EMCOR Group Company Profile

(Free Report)

EMCOR Group, Inc is a specialty construction and building services company headquartered in Norwalk, Connecticut. Through its operating companies, EMCOR provides electrical and mechanical construction services for commercial, industrial, institutional and government facilities.

The company’s services include electrical power and communications systems, heating, ventilation and air-conditioning systems, plumbing, process and industrial piping, building automation, energy infrastructure, fire protection and transportation systems.

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