X Square Capital LLC acquired a new position in shares of EMCOR Group, Inc. (NYSE:EME – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,221 shares of the construction company’s stock, valued at approximately $1,013,000.
A number of other large investors also recently added to or reduced their stakes in the business. Whittier Trust Co. of Nevada Inc. grew its position in shares of EMCOR Group by 3.8% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 356 shares of the construction company’s stock worth $270,000 after buying an additional 13 shares during the period. PAX Financial Group LLC lifted its holdings in EMCOR Group by 3.6% in the fourth quarter. PAX Financial Group LLC now owns 404 shares of the construction company’s stock valued at $247,000 after buying an additional 14 shares during the period. First National Bank of Hutchinson boosted its stake in EMCOR Group by 0.9% in the fourth quarter. First National Bank of Hutchinson now owns 1,614 shares of the construction company’s stock valued at $987,000 after acquiring an additional 15 shares during the last quarter. Advisors Capital Management LLC boosted its stake in EMCOR Group by 3.4% in the fourth quarter. Advisors Capital Management LLC now owns 450 shares of the construction company’s stock valued at $275,000 after acquiring an additional 15 shares during the last quarter. Finally, KPP Advisory Services LLC grew its holdings in EMCOR Group by 3.9% during the 4th quarter. KPP Advisory Services LLC now owns 399 shares of the construction company’s stock worth $244,000 after acquiring an additional 15 shares during the period. 92.59% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several analysts have commented on the stock. Oppenheimer upped their target price on shares of EMCOR Group from $1,100.00 to $1,200.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. Zacks Research raised EMCOR Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 30th. Cantor Fitzgerald dropped 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. Weiss Ratings reissued a “buy (b)” rating on shares of EMCOR Group in a research note on Friday, July 17th. Finally, DA Davidson set a $1,047.00 target price on EMCOR Group in a report on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of $965.86.
Insider Buying and Selling at EMCOR Group
In other news, Director Carol P. Lowe sold 950 shares of the company’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 value of $802,275.00. Following the completion of the transaction, the director owned 17,278 shares in the company, valued at $14,591,271. This represents a 5.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.73% of the stock is owned by company insiders.
EMCOR Group Price Performance
Shares of EMCOR Group stock opened at $777.68 on Friday. The company has a market capitalization of $34.30 billion, a P/E ratio of 24.19 and a beta of 1.14. The business has a 50-day moving average of $797.37 and a two-hundred day moving average of $800.45. EMCOR Group, Inc. has a 1 year low of $564.92 and a 1 year high of $951.96.
EMCOR Group (NYSE:EME – Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The construction company reported $9.06 earnings per share for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $4.71 billion. During the same quarter in the previous year, the business posted $6.72 EPS. EMCOR Group’s revenue for the quarter was up 19.7% on a year-over-year basis. EMCOR Group has set its FY 2026 guidance at 32.000-33.250 EPS. On average, equities analysts anticipate that EMCOR Group, Inc. will post 33.04 EPS for the current fiscal year.
EMCOR Group Announces Dividend
The business also recently declared 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 of this dividend 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 presently 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.
See Also
- Five stocks we like better than EMCOR Group
- 2 Biotech Stocks Shaping Up for Major Breakouts
- 3 Stocks Came Roaring Back—Now They’re Flashing Warning Signs
- 3 Beaten-Down Stocks That Haven’t Gotten the Message About the S&P 500’s Record Run
- Darden Restaurants Just Hit a 52-Week High–Is the Olive Garden Comeback Story Legit?
Receive News & Ratings for EMCOR Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EMCOR Group and related companies with MarketBeat.com's FREE daily email newsletter.
