Passumpsic Savings Bank Buys Shares of 2,821 EMCOR Group, Inc. $EME

Passumpsic Savings Bank bought a new stake in EMCOR Group, Inc. (NYSE:EME) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,821 shares of the construction company’s stock, valued at approximately $1,726,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EME. Barnes Dennig Private Wealth Management LLC purchased a new position in EMCOR Group in the fourth quarter valued at about $26,000. Main Street Group LTD boosted its stake in 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 acquiring an additional 22 shares during the last quarter. Quent Capital LLC purchased a new position in EMCOR Group in the third quarter valued at about $29,000. Orion Capital Management LLC purchased a new position in EMCOR Group in the third quarter valued at about $31,000. Finally, Activest Wealth Management lifted its stake in shares of EMCOR Group by 800.0% during the 4th quarter. Activest Wealth Management now owns 54 shares of the construction company’s stock valued at $33,000 after buying an additional 48 shares in the last quarter. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on EME. Weiss Ratings restated a “buy (b)” rating on shares of EMCOR Group in a research note on Monday, April 20th. UBS Group upped their price target on shares of EMCOR Group from $900.00 to $945.00 and gave the company a “buy” rating in a research note on Friday, March 6th. Stifel Nicolaus set a $918.00 price target on shares of EMCOR Group in a research note on Thursday, April 30th. Zacks Research upgraded shares of EMCOR Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 27th. Finally, Cantor Fitzgerald began coverage on shares of EMCOR Group in a research note on Tuesday, March 10th. They set an “overweight” rating and a $848.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $799.29.

Insiders Place Their Bets

In other EMCOR Group news, VP Robert Peter Lind sold 675 shares of the stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $894.27, for a total value of $603,632.25. Following 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director William P. Reid sold 2,000 shares of the stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $925.78, for a total transaction of $1,851,560.00. Following the completion of the sale, the director owned 10,149 shares in the company, valued at $9,395,741.22. This represents a 16.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 45,077 shares of company stock worth $34,416,471. Company insiders own 1.26% of the company’s stock.

EMCOR Group Price Performance

NYSE EME opened at $914.03 on Monday. EMCOR Group, Inc. has a 1 year low of $450.68 and a 1 year high of $951.96. The stock has a market capitalization of $40.62 billion, a PE ratio of 30.66 and a beta of 1.17. The company’s 50 day simple moving average is $802.92 and its two-hundred day simple moving average is $721.52.

EMCOR Group (NYSE:EME) last posted its earnings results on Wednesday, April 29th. The construction company reported $6.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.90 by $0.94. EMCOR Group had a net margin of 7.54% and a return on equity of 35.19%. The business had revenue of $4.63 billion for the quarter, compared to analysts’ expectations of $4.20 billion. During the same period in the prior year, the company posted $5.41 EPS. The business’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 28.250-29.750 EPS. On average, research analysts anticipate that EMCOR Group, Inc. will post 28.67 EPS for the current year.

EMCOR Group Announces Dividend

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

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.