MQS Management LLC Reduces Position in EMCOR Group, Inc. $EME

by · The Markets Daily

MQS Management LLC trimmed its stake in EMCOR Group, Inc. (NYSE:EME – Free Report) by 70.8% in the first quarter, HoldingsChannel.com reports. The fund owned 335 shares of the construction company’s stock after selling 811 shares during the quarter. MQS Management LLC’s holdings in EMCOR Group were worth $247,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. SJS Investment Consulting Inc. boosted its stake in shares of EMCOR Group by 42.5% during the first quarter. SJS Investment Consulting Inc. now owns 208 shares of the construction company’s stock valued at $154,000 after acquiring an additional 62 shares during the last quarter. Moss Adams Wealth Advisors LLC raised its stake in EMCOR Group by 4.5% in the 1st quarter. Moss Adams Wealth Advisors LLC now owns 560 shares of the construction company’s stock valued at $413,000 after purchasing an additional 24 shares during the last quarter. Klein Pavlis & Peasley Financial Inc. purchased a new position in EMCOR Group in the 1st quarter valued at about $263,000. Inspire Investing LLC lifted its holdings in EMCOR Group by 6.6% in the 1st quarter. Inspire Investing LLC now owns 15,941 shares of the construction company’s stock valued at $11,769,000 after purchasing an additional 992 shares in the last quarter. Finally, Brown Miller Wealth Management LLC boosted its stake in shares of EMCOR Group by 8.0% during the 1st quarter. Brown Miller Wealth Management LLC now owns 913 shares of the construction company’s stock worth $674,000 after purchasing an additional 68 shares during the last quarter. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on EME. Wall Street Zen upgraded shares of EMCOR Group from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Oppenheimer initiated coverage on shares of EMCOR Group in a research note on Thursday, May 28th. They set an “outperform” rating and a $1,100.00 price objective on the stock. Cantor Fitzgerald restated an “overweight” rating and set a $1,123.00 target price on shares of EMCOR Group in a research report on Tuesday, June 16th. Stifel Nicolaus set a $918.00 target price on shares of EMCOR Group in a research note on Thursday, April 30th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of EMCOR Group in a research note on Monday, April 20th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $871.25.

View Our Latest Stock Analysis on EME

Insider Buying and Selling at EMCOR Group

In other EMCOR Group news, Director Steven Schwarzwaelder sold 5,602 shares of the business’s stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $895.19, for a total transaction of $5,014,854.38. Following the completion of the sale, the director owned 15,875 shares of the company’s stock, valued at approximately $14,211,141.25. The trade was a 26.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William P. Reid sold 2,000 shares of the firm’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $925.78, for a total value of $1,851,560.00. Following the completion of the transaction, the director owned 10,149 shares in the company, valued at approximately $9,395,741.22. This trade represents a 16.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 10,027 shares of company stock worth $8,957,466. 0.83% of the stock is currently owned by company insiders.

EMCOR Group Stock Performance

EME opened at $774.63 on Friday. The company’s 50 day simple moving average is $855.90 and its 200 day simple moving average is $769.17. EMCOR Group, Inc. has a 1 year low of $532.25 and a 1 year high of $951.96. The stock has a market capitalization of $34.42 billion, a PE ratio of 25.99 and a beta of 1.13.

EMCOR Group (NYSE:EME – Get Free Report) last released its 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. EMCOR Group had a net margin of 7.54% and a return on equity of 35.19%. The firm had revenue of $4.63 billion during the quarter, compared to the consensus estimate of $4.20 billion. During the same period in the previous year, the firm earned $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. As a group, sell-side analysts expect that EMCOR Group, Inc. will post 29.37 earnings per share for the current fiscal year.

EMCOR Group Announces Dividend

The company also recently disclosed 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 is Wednesday, July 15th. EMCOR Group’s dividend payout ratio is presently 5.37%.

EMCOR Group Company Profile

(Free Report)

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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