4,568 Shares in EMCOR Group, Inc. $EME Bought by Summit Global Investments

Summit Global Investments bought a new stake in EMCOR Group, Inc. (NYSE:EME) during the second quarter, HoldingsChannel reports. The fund bought 4,568 shares of the construction company’s stock, valued at approximately $3,791,000.

A number of other large investors have also added to or reduced their stakes in EME. Swiss RE Ltd. purchased a new position in shares of EMCOR Group in the 4th quarter worth about $25,000. Ascentis Independent Advisors purchased a new position in shares of EMCOR Group during the 1st quarter valued at about $27,000. Zions Bancorporation National Association UT purchased a new position in shares of EMCOR Group during the 4th quarter valued at about $28,000. Activest Wealth Management lifted its position in EMCOR Group by 800.0% in the 4th 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. Finally, Basecamp Wealth Advisors LLC lifted its position in EMCOR Group by 4,700.0% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 48 shares of the construction company’s stock worth $35,000 after buying an additional 47 shares during the last quarter. Hedge funds and other institutional investors own 92.59% of the company’s stock.

EMCOR Group Stock Up 0.7%

Shares of EMCOR Group stock opened at $837.20 on Friday. The firm has a market cap of $36.93 billion, a PE ratio of 26.04 and a beta of 1.14. EMCOR Group, Inc. has a 12-month low of $564.92 and a 12-month high of $951.96. The company’s fifty day simple moving average is $797.43 and its two-hundred day simple moving average is $797.26.

EMCOR Group (NYSE:EME) last released its quarterly earnings data on Thursday, July 30th. The construction company reported $9.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.23 by $1.83. EMCOR Group had a net margin of 7.74% and a return on equity of 35.49%. The firm 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 company earned $6.72 earnings per share. The company’s revenue for the quarter was up 19.7% compared to the same quarter last year. EMCOR Group has set its FY 2026 guidance at 32.000-33.250 EPS. As a group, sell-side analysts expect that EMCOR Group, Inc. will post 33.04 earnings per share for the current fiscal year.

EMCOR Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th were paid 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 dividend yield of 0.2%. EMCOR Group’s payout ratio is presently 4.98%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Oppenheimer upped their target price on EMCOR Group from $1,100.00 to $1,200.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. Cantor Fitzgerald decreased 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 research note on Monday, August 10th. Stifel Nicolaus set a $918.00 price objective on shares of EMCOR Group in a report on Thursday, April 30th. DA Davidson set a $1,047.00 price objective on shares of EMCOR Group in a research note on Monday. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of EMCOR Group in a report on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $965.86.

Insider Buying and Selling

In other news, Director Carol P. Lowe sold 950 shares of the stock in a transaction that occurred on Wednesday, June 17th. The stock was 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 of the company’s stock, valued at approximately $14,591,271. This represents a 5.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.73% of the stock is owned by company insiders.

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.