Smart Money Group LLC Purchases 853 Shares of EMCOR Group, Inc. $EME

Smart Money Group LLC raised its position in EMCOR Group, Inc. (NYSE:EME) by 241.0% in the 1st quarter, HoldingsChannel reports. The fund owned 1,207 shares of the construction company’s stock after purchasing an additional 853 shares during the period. Smart Money Group LLC’s holdings in EMCOR Group were worth $891,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. grew its holdings in shares of EMCOR Group by 132,234.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 669,611 shares of the construction company’s stock worth $409,661,000 after purchasing an additional 669,105 shares in the last quarter. Norges Bank acquired a new position in shares of EMCOR Group in the fourth quarter valued at $389,702,000. Bank of Montreal Can raised its stake in shares of EMCOR Group by 425.8% in the fourth quarter. Bank of Montreal Can now owns 560,477 shares of the construction company’s stock valued at $342,894,000 after purchasing an additional 453,876 shares in the last quarter. Victory Capital Management Inc. lifted its position in EMCOR Group by 34.5% in the fourth quarter. Victory Capital Management Inc. now owns 1,276,966 shares of the construction company’s stock worth $781,239,000 after purchasing an additional 327,606 shares during the period. Finally, Earnest Partners LLC bought a new position in EMCOR Group in the fourth quarter worth $156,714,000. Institutional investors own 92.59% of the company’s stock.

Analyst Ratings Changes

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

EMCOR Group Price Performance

Shares of EME stock opened at $751.06 on Friday. The stock’s fifty day simple moving average is $832.79 and its 200 day simple moving average is $779.94. EMCOR Group, Inc. has a one year low of $540.00 and a one year high of $951.96. The firm has a market cap of $33.38 billion, a price-to-earnings ratio of 25.20 and a beta of 1.13.

EMCOR Group (NYSE:EME) last released its quarterly earnings data on Wednesday, April 29th. The construction company reported $6.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.90 by $0.94. The firm had revenue of $4.63 billion during the quarter, compared to analyst estimates of $4.20 billion. EMCOR Group had a return on equity of 35.19% and a net margin of 7.54%.The business’s revenue for the quarter was up 19.7% compared to the same quarter last year. During the same period in the prior year, the company posted $5.41 earnings per share. EMCOR Group has set its FY 2026 guidance at 28.250-29.750 EPS. On average, research analysts anticipate that EMCOR Group, Inc. will post 29.37 earnings per share for the current year.

EMCOR Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Wednesday, July 15th will be given a dividend of $0.40 per share. The ex-dividend date is Wednesday, July 15th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.2%. EMCOR Group’s dividend payout ratio (DPR) is 5.37%.

Insider Activity

In other EMCOR Group news, Director Carol P. Lowe sold 950 shares of the company’s stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $844.50, for a total transaction of $802,275.00. Following the sale, the director directly owned 17,278 shares of the company’s stock, valued at approximately $14,591,271. This represents a 5.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Steven Schwarzwaelder sold 5,602 shares of the company’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 sale, the director directly owned 15,875 shares in the company, valued at $14,211,141.25. This represents a 26.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 10,027 shares of company stock worth $8,957,466 over the last ninety days. Corporate insiders own 0.83% of the company’s stock.

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.