EMCOR Group (NYSE:EME) Director William Reid Sells 2,000 Shares of Stock

EMCOR Group, Inc. (NYSE:EME) Director William Reid sold 2,000 shares of the stock in a transaction on Monday, May 11th. The shares were sold at an average price of $925.78, for a total value of $1,851,560.00. Following the completion of the sale, the director owned 10,149 shares of the company’s stock, valued at $9,395,741.22. The trade was a 16.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

EMCOR Group Stock Down 0.2%

EME opened at $923.10 on Thursday. The stock has a fifty day moving average of $795.57 and a 200-day moving average of $719.12. The firm has a market capitalization of $41.02 billion, a P/E ratio of 30.97 and a beta of 1.17. EMCOR Group, Inc. has a 12-month low of $450.68 and a 12-month high of $951.96.

EMCOR Group (NYSE:EME) last released its earnings results on Wednesday, April 29th. The construction company reported $6.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.90 by $0.94. The company 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 company’s revenue for the quarter was up 19.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.41 earnings per share. EMCOR Group has set its FY 2026 guidance at 28.250-29.750 EPS. On average, analysts expect that EMCOR Group, Inc. will post 28.67 earnings per share for the current fiscal year.

EMCOR Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Thursday, April 16th were issued a $0.40 dividend. The ex-dividend date was Thursday, April 16th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.2%. EMCOR Group’s dividend payout ratio is presently 5.37%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on EME. Stifel Nicolaus set a $918.00 price objective on EMCOR Group in a report on Thursday, April 30th. Wall Street Zen upgraded EMCOR Group from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. UBS Group increased their price objective on EMCOR Group from $900.00 to $945.00 and gave the stock a “buy” rating in a report on Friday, March 6th. Robert W. Baird increased their price objective on EMCOR Group from $713.00 to $808.00 and gave the stock an “outperform” rating in a report on Friday, February 27th. Finally, Cantor Fitzgerald began coverage on EMCOR Group in a report on Tuesday, March 10th. They set an “overweight” rating and a $848.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $799.29.

Institutional Investors Weigh In On EMCOR Group

Several hedge funds and other institutional investors have recently made changes to their positions in EME. Swiss RE Ltd. acquired a new stake in shares of EMCOR Group in the fourth quarter valued at about $25,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of EMCOR Group in the fourth quarter valued at about $26,000. Main Street Group LTD grew its position in shares of EMCOR Group by 110.0% in the third quarter. Main Street Group LTD now owns 42 shares of the construction company’s stock valued at $27,000 after purchasing an additional 22 shares during the last quarter. Ascentis Independent Advisors acquired a new stake in shares of EMCOR Group in the first quarter valued at about $27,000. Finally, Zions Bancorporation National Association UT acquired a new stake in shares of EMCOR Group in the fourth quarter valued at about $28,000. 92.59% of the stock is owned by institutional investors and hedge funds.

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.