Mesirow Financial Investment Management Inc. decreased its stake in EMCOR Group, Inc. (NYSE:EME – Free Report) by 50.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 877 shares of the construction company’s stock after selling 893 shares during the period. Mesirow Financial Investment Management Inc.’s holdings in EMCOR Group were worth $537,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in the stock. Austin Private Wealth LLC lifted its holdings in shares of EMCOR Group by 3.6% in the 4th quarter. Austin Private Wealth LLC now owns 437 shares of the construction company’s stock worth $267,000 after purchasing an additional 15 shares during the last quarter. First National Bank of Hutchinson raised its stake in EMCOR Group by 0.9% during the 4th quarter. First National Bank of Hutchinson now owns 1,614 shares of the construction company’s stock valued at $987,000 after acquiring an additional 15 shares in the last quarter. Advisors Capital Management LLC raised its stake in EMCOR Group by 3.4% during the 4th quarter. Advisors Capital Management LLC now owns 450 shares of the construction company’s stock valued at $275,000 after acquiring an additional 15 shares in the last quarter. KPP Advisory Services LLC raised its stake in EMCOR Group by 3.9% during the 4th quarter. KPP Advisory Services LLC now owns 399 shares of the construction company’s stock valued at $244,000 after acquiring an additional 15 shares in the last quarter. Finally, Raleigh Capital Management Inc. raised its stake in EMCOR Group by 2.9% during the 4th quarter. Raleigh Capital Management Inc. now owns 603 shares of the construction company’s stock valued at $369,000 after acquiring an additional 17 shares in the last quarter. Institutional investors own 92.59% of the company’s stock.
Insider Buying and Selling
In other news, CEO Anthony Guzzi sold 36,000 shares of the business’s stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $729.48, for a total value of $26,261,280.00. Following the sale, the chief executive officer owned 170,299 shares of the company’s stock, valued at approximately $124,229,714.52. The trade was a 17.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Robert Peter Lind sold 675 shares of the business’s stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $894.27, for a total value of $603,632.25. Following the completion of the sale, the vice president directly owned 4,216 shares in the company, valued at $3,770,242.32. This represents a 13.80% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 45,077 shares of company stock worth $34,416,471. 0.83% of the stock is owned by corporate insiders.
EMCOR Group Stock Performance
EMCOR Group (NYSE:EME – Get Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The construction company reported $6.84 EPS for the quarter, topping analysts’ consensus estimates of $5.90 by $0.94. EMCOR Group had a return on equity of 35.19% and a net margin of 7.54%.The company had revenue of $4.63 billion for the quarter, compared to the consensus estimate of $4.20 billion. During the same quarter in the previous year, the business earned $5.41 EPS. The company’s quarterly revenue was up 19.7% compared to the same quarter last year. EMCOR Group has set its FY 2026 guidance at 28.250-29.750 EPS. On average, equities research analysts forecast that EMCOR Group, Inc. will post 28.67 EPS for the current fiscal year.
EMCOR Group Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Thursday, April 16th were paid 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 of this dividend was Thursday, April 16th. EMCOR Group’s payout ratio is currently 5.37%.
Wall Street Analysts Forecast Growth
Several analysts have weighed in on EME shares. Robert W. Baird lifted their target price on EMCOR Group from $713.00 to $808.00 and gave the company an “outperform” rating in a research note on Friday, February 27th. DA Davidson lifted their target price on EMCOR Group from $800.00 to $900.00 and gave the company a “buy” rating in a research note on Friday, February 27th. Zacks Research raised EMCOR Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 27th. Cantor Fitzgerald started coverage on EMCOR Group in a research note on Tuesday, March 10th. They set an “overweight” rating and a $848.00 target price on the stock. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of EMCOR Group in a research note on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $799.29.
Read Our Latest Research Report on EME
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.
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