Legal & General Group Plc Purchases New Shares in EMCOR Group, Inc. $EME

Legal & General Group Plc purchased a new position in shares of EMCOR Group, Inc. (NYSE:EME) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 202,469 shares of the construction company’s stock, valued at approximately $168,025,000. Legal & General Group Plc owned about 0.46% of EMCOR Group as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the company. The Manufacturers Life Insurance Company bought a new position in shares of EMCOR Group during the 2nd quarter worth approximately $24,291,000. Fiduciary Financial Advisors purchased a new position in shares of EMCOR Group in the 2nd quarter worth approximately $80,000. L2 Asset Management LLC bought a new position in shares of EMCOR Group in the second quarter valued at approximately $921,000. Paradigm Capital Management Inc. NY bought a new position in shares of EMCOR Group in the second quarter valued at approximately $15,830,000. Finally, Partners Capital Investment Group LLP purchased a new stake in shares of EMCOR Group during the second quarter valued at approximately $423,000. 92.59% of the stock is owned by institutional investors.

EMCOR Group Price Performance

Shares of NYSE EME opened at $765.27 on Thursday. The stock has a market capitalization of $33.76 billion, a PE ratio of 23.80 and a beta of 1.14. EMCOR Group, Inc. has a one year low of $564.92 and a one year high of $951.96. The business’s fifty day moving average price is $792.75 and its 200-day moving average price is $801.64.

EMCOR Group (NYSE:EME) last announced its quarterly earnings data on Thursday, July 30th. The construction company reported $9.06 earnings per share for the quarter, topping 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 company had revenue of $5.15 billion during the quarter, compared to analyst estimates of $4.71 billion. During the same quarter last year, the firm posted $6.72 EPS. The firm’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. As a group, equities analysts expect that EMCOR Group, Inc. will post 33.04 EPS for the current fiscal year.

EMCOR Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th were issued a dividend of $0.40 per share. 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%.

Insider Activity

In other EMCOR Group news, Director Carol P. Lowe sold 950 shares of the stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $844.50, for a total transaction of $802,275.00. Following the sale, 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 legal filing with the SEC, which is available at this link. 0.73% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Zacks Research upgraded EMCOR Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 30th. Stifel Nicolaus set a $918.00 price objective on EMCOR Group in a research note on Thursday, April 30th. DA Davidson set a $1,047.00 target price on EMCOR Group in a research report on Monday, August 10th. Wall Street Zen upgraded EMCOR Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Finally, Cantor Fitzgerald cut their price target on shares of EMCOR Group from $1,123.00 to $1,047.00 and set an “overweight” rating on the stock in a report on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $965.86.

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.