EMCOR Group, Inc. $EME Shares Sold by Engineers Gate Manager LP

Engineers Gate Manager LP lessened its stake in EMCOR Group, Inc. (NYSE:EME) by 7.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,991 shares of the construction company’s stock after selling 759 shares during the period. Engineers Gate Manager LP’s holdings in EMCOR Group were worth $7,461,000 at the end of the most recent reporting period.

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

EMCOR Group Price Performance

Shares of EME opened at $749.49 on Friday. EMCOR Group, Inc. has a 12 month low of $564.92 and a 12 month high of $951.96. The stock has a fifty day moving average price of $775.20 and a 200 day moving average price of $798.42. The company has a market cap of $33.06 billion, a P/E ratio of 23.31 and a beta of 1.13.

EMCOR Group (NYSE:EME) last posted its earnings results 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. The company had revenue of $5.15 billion for the quarter, compared to analysts’ expectations of $4.71 billion. EMCOR Group had a return on equity of 35.49% and a net margin of 7.74%.The firm’s quarterly revenue was up 19.7% compared to the same quarter last year. During the same period last year, the business posted $6.72 earnings per share. EMCOR Group has set its FY 2026 guidance at 32.000-33.250 EPS. As a group, research analysts anticipate that EMCOR Group, Inc. will post 33.04 earnings per share for the current year.

EMCOR Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend was Wednesday, July 15th. EMCOR Group’s payout ratio is presently 4.98%.

Analysts Set New Price Targets

Several analysts have weighed in on EME shares. Weiss Ratings lowered shares of EMCOR Group from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, August 27th. Zacks Research upgraded shares of EMCOR Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 30th. Cantor Fitzgerald decreased their price target on shares of 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. UBS Group boosted their price objective on shares of EMCOR Group from $975.00 to $1,065.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Finally, DA Davidson set a $1,047.00 price objective on shares of EMCOR Group in a research note on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $965.86.

Insider Buying and Selling

In other EMCOR Group news, Director Carol Lowe sold 950 shares of the firm’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 sale, the director owned 17,278 shares in the company, valued at approximately $14,591,271. This trade represents a 5.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.73% of the company’s stock.

About EMCOR Group

EMCOR Group, Inc is a specialty construction and building services company headquartered in Norwalk, Connecticut. Through its operating companies, EMCOR provides electrical and mechanical construction services for commercial, industrial, institutional and government facilities.

The company’s services include electrical power and communications systems, heating, ventilation and air-conditioning systems, plumbing, process and industrial piping, building automation, energy infrastructure, fire protection and transportation systems.