HighTower Advisors LLC Sells 1,261 Shares of EMCOR Group, Inc. $EME

HighTower Advisors LLC lessened its holdings in EMCOR Group, Inc. (NYSE:EME) by 3.3% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 36,965 shares of the construction company’s stock after selling 1,261 shares during the period. HighTower Advisors LLC’s holdings in EMCOR Group were worth $30,676,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. North Dakota State Investment Board purchased a new stake in shares of EMCOR Group during the 4th quarter valued at $928,000. Sapient Capital LLC bought a new stake in shares of EMCOR Group during the 2nd quarter worth $5,962,000. Summit Global Investments purchased a new position in EMCOR Group in the second quarter worth $3,791,000. Thrivent Financial for Lutherans grew its position in EMCOR Group by 663.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 113,562 shares of the construction company’s stock worth $69,476,000 after acquiring an additional 98,687 shares in the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in EMCOR Group by 23.8% in the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 20,180 shares of the construction company’s stock valued at $12,346,000 after acquiring an additional 3,880 shares during the last quarter. Institutional investors own 92.59% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on EME shares. Weiss Ratings downgraded EMCOR Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, August 27th. Cantor Fitzgerald reduced their price objective on EMCOR Group from $1,123.00 to $1,047.00 and set an “overweight” rating on the stock in a research report on Monday, August 10th. Oppenheimer raised their price objective on EMCOR Group from $1,100.00 to $1,200.00 and gave the company an “outperform” rating in a report on Friday, July 31st. DA Davidson set a $1,047.00 target price on EMCOR Group in a research report on Monday, August 10th. Finally, Zacks Research raised EMCOR Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 30th. One 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $965.86.

EMCOR Group Stock Up 2.4%

Shares of EMCOR Group stock opened at $772.34 on Wednesday. The company’s fifty day simple moving average is $776.68 and its two-hundred day simple moving average is $799.19. EMCOR Group, Inc. has a 12-month low of $564.92 and a 12-month high of $951.96. The firm has a market cap of $34.07 billion, a PE ratio of 24.02 and a beta of 1.13.

EMCOR Group (NYSE:EME) last issued its quarterly earnings data on Thursday, July 30th. The construction company reported $9.06 EPS for the quarter, beating the consensus estimate of $7.23 by $1.83. The firm had revenue of $5.15 billion during the quarter, compared to the consensus estimate of $4.71 billion. EMCOR Group had a net margin of 7.74% and a return on equity of 35.49%. The company’s quarterly revenue was up 19.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $6.72 earnings per share. 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 firm also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date was Wednesday, July 15th. EMCOR Group’s dividend payout ratio (DPR) is currently 4.98%.

Insider Buying and Selling at EMCOR Group

In related news, Director Carol Lowe sold 950 shares of the firm’s stock in a transaction 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 sale, the director owned 17,278 shares of the company’s stock, valued at $14,591,271. This trade represents a 5.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.73% 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.