Mirae Asset Global Investments Co. Ltd. Purchases 1,269 Shares of EMCOR Group, Inc. $EME

Mirae Asset Global Investments Co. Ltd. grew its position in shares of EMCOR Group, Inc. (NYSE:EME) by 14.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 9,981 shares of the construction company’s stock after buying an additional 1,269 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in EMCOR Group were worth $6,106,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Parcion Private Wealth LLC increased its position in shares of EMCOR Group by 28.2% during the fourth quarter. Parcion Private Wealth LLC now owns 487 shares of the construction company’s stock valued at $298,000 after buying an additional 107 shares during the period. Liberty Capital Management Inc. increased its position in shares of EMCOR Group by 5.6% during the fourth quarter. Liberty Capital Management Inc. now owns 3,952 shares of the construction company’s stock valued at $2,418,000 after buying an additional 211 shares during the period. CWM LLC increased its position in shares of EMCOR Group by 3.5% during the fourth quarter. CWM LLC now owns 14,821 shares of the construction company’s stock valued at $9,067,000 after buying an additional 496 shares during the period. Childress Capital Advisors LLC increased its position in shares of EMCOR Group by 58.7% during the fourth quarter. Childress Capital Advisors LLC now owns 719 shares of the construction company’s stock valued at $440,000 after buying an additional 266 shares during the period. Finally, KBC Group NV increased its position in shares of EMCOR Group by 30.9% during the fourth quarter. KBC Group NV now owns 184,769 shares of the construction company’s stock valued at $113,040,000 after buying an additional 43,636 shares during the period. 92.59% of the stock is owned by institutional investors.

Insider Activity at EMCOR Group

In other news, CEO Anthony Guzzi sold 36,000 shares of the stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $729.48, for a total transaction of $26,261,280.00. Following the sale, the chief executive officer owned 170,299 shares in the company, valued at $124,229,714.52. This represents a 17.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.26% of the stock is currently owned by insiders.

EMCOR Group Stock Performance

Shares of EME opened at $831.06 on Tuesday. The stock has a market cap of $37.01 billion, a PE ratio of 29.44 and a beta of 1.11. EMCOR Group, Inc. has a fifty-two week low of $356.97 and a fifty-two week high of $835.00. The firm’s 50-day simple moving average is $762.89 and its two-hundred day simple moving average is $696.55.

EMCOR Group (NYSE:EME) last announced its quarterly earnings data on Thursday, February 26th. The construction company reported $7.19 earnings per share for the quarter, topping analysts’ consensus estimates of $6.68 by $0.51. The business had revenue of $4.51 billion for the quarter, compared to analysts’ expectations of $4.28 billion. EMCOR Group had a net margin of 7.49% and a return on equity of 35.89%. The business’s revenue was up 19.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $6.32 earnings per share. EMCOR Group has set its FY 2026 guidance at 27.250-29.250 EPS. Equities research analysts predict that EMCOR Group, Inc. will post 28.24 EPS for the current year.

EMCOR Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Thursday, April 16th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Thursday, April 16th. EMCOR Group’s dividend payout ratio is 5.67%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Cantor Fitzgerald assumed coverage on shares of EMCOR Group in a research report on Tuesday, March 10th. They set an “overweight” rating and a $848.00 price target on the stock. DA Davidson boosted their price target on shares of EMCOR Group from $800.00 to $900.00 and gave the company a “buy” rating in a research report on Friday, February 27th. Stifel Nicolaus set a $901.00 price target on shares of EMCOR Group in a research report on Thursday. Wall Street Zen cut shares of EMCOR Group from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Robert W. Baird boosted their price target on shares of EMCOR Group from $713.00 to $808.00 and gave the company an “outperform” rating in a research report on Friday, February 27th. Nine investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $796.86.

About EMCOR Group

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.