AustralianSuper Pty Ltd Sells 5,658 Shares of EMCOR Group, Inc. $EME

AustralianSuper Pty Ltd reduced its position in EMCOR Group, Inc. (NYSE:EME) by 6.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 80,272 shares of the construction company’s stock after selling 5,658 shares during the period. AustralianSuper Pty Ltd’s holdings in EMCOR Group were worth $49,110,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Barnes Dennig Private Wealth Management LLC bought a new stake in EMCOR Group during the 4th quarter worth about $26,000. Main Street Group LTD boosted its stake in shares of EMCOR Group by 110.0% in the 3rd quarter. Main Street Group LTD now owns 42 shares of the construction company’s stock valued at $27,000 after purchasing an additional 22 shares during the last quarter. Quent Capital LLC acquired a new stake in shares of EMCOR Group during the 3rd quarter worth approximately $29,000. Orion Capital Management LLC bought a new stake in shares of EMCOR Group during the third quarter worth approximately $31,000. Finally, Activest Wealth Management raised its stake in shares of EMCOR Group by 800.0% during the fourth quarter. Activest Wealth Management now owns 54 shares of the construction company’s stock worth $33,000 after buying an additional 48 shares during the last quarter. Institutional investors own 92.59% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on EME shares. UBS Group lifted their target price on shares of EMCOR Group from $900.00 to $945.00 and gave the stock a “buy” rating in a report on Friday, March 6th. Robert W. Baird raised their price target on EMCOR Group from $713.00 to $808.00 and gave the stock an “outperform” rating in a research report on Friday, February 27th. Zacks Research raised EMCOR Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 27th. Wall Street Zen upgraded EMCOR Group from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Finally, DA Davidson increased their target price on EMCOR Group from $800.00 to $900.00 and gave the company a “buy” rating in a research note on Friday, February 27th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $799.29.

Insider Buying and Selling at EMCOR Group

In other news, CEO Anthony Guzzi sold 36,000 shares of the stock in a transaction 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 completion of the sale, the chief executive officer owned 170,299 shares of the company’s stock, valued at $124,229,714.52. This represents a 17.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Jason R. Nalbandian sold 800 shares of the company’s stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $856.43, for a total transaction of $685,144.00. Following the completion of the transaction, the chief financial officer directly owned 18,157 shares of the company’s stock, valued at approximately $15,550,199.51. The trade was a 4.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 45,077 shares of company stock worth $34,416,471 in the last quarter. Company insiders own 0.83% of the company’s stock.

EMCOR Group Stock Up 0.7%

EME opened at $929.29 on Friday. EMCOR Group, Inc. has a 12 month low of $450.68 and a 12 month high of $951.96. The company has a fifty day simple moving average of $799.46 and a 200 day simple moving average of $720.39. The stock has a market cap of $41.30 billion, a P/E ratio of 31.17 and a beta of 1.17.

EMCOR Group (NYSE:EME) last posted its earnings results on Wednesday, April 29th. The construction company reported $6.84 earnings per share for the quarter, topping the consensus estimate of $5.90 by $0.94. EMCOR Group had a return on equity of 35.19% and a net margin of 7.54%.The firm had revenue of $4.63 billion for the quarter, compared to analyst estimates of $4.20 billion. During the same period in the previous year, the company posted $5.41 earnings per share. The company’s revenue for the quarter was up 19.7% on a year-over-year basis. EMCOR Group has set its FY 2026 guidance at 28.250-29.750 EPS. On average, equities research analysts expect that EMCOR Group, Inc. will post 28.67 earnings per share for the current fiscal year.

EMCOR Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Thursday, April 16th were given a $0.40 dividend. The ex-dividend date was Thursday, April 16th. This represents a $1.60 annualized dividend and a dividend yield of 0.2%. EMCOR Group’s payout ratio is currently 5.37%.

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.