EMCOR Group, Inc. $EME Shares Purchased by Fifth Third Bancorp

Fifth Third Bancorp lifted its position in EMCOR Group, Inc. (NYSE:EME) by 482.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,500 shares of the construction company’s stock after purchasing an additional 11,184 shares during the quarter. Fifth Third Bancorp’s holdings in EMCOR Group were worth $9,967,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EME. Wealth Enhancement Advisory Services LLC lifted its holdings in EMCOR Group by 12.9% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 12,149 shares of the construction company’s stock valued at $7,972,000 after acquiring an additional 1,389 shares during the last quarter. North Dakota State Investment Board acquired a new stake in EMCOR Group during the fourth quarter worth $928,000. Passumpsic Savings Bank acquired a new stake in EMCOR Group during the fourth quarter worth $1,726,000. Chase Investment Counsel Corp raised its position in EMCOR Group by 152.1% in the fourth quarter. Chase Investment Counsel Corp now owns 2,849 shares of the construction company’s stock valued at $1,742,000 after purchasing an additional 1,719 shares during the period. Finally, Spectrum Strategic Capital Management LLC purchased a new stake in EMCOR Group in the fourth quarter valued at $970,000. 92.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on EME. Oppenheimer began coverage on EMCOR Group in a report on Thursday, May 28th. They set an “outperform” rating and a $1,100.00 price target for the company. Cantor Fitzgerald restated an “overweight” rating and issued a $1,123.00 price objective on shares of EMCOR Group in a report on Tuesday, June 16th. Zacks Research upgraded shares of EMCOR Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 30th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of EMCOR Group in a research report on Monday, April 20th. Finally, Stifel Nicolaus set a $918.00 target price on shares of EMCOR Group in a research note on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $871.25.

EMCOR Group Trading Down 0.9%

EME stock opened at $768.13 on Thursday. The business’s fifty day moving average price is $836.27 and its 200 day moving average price is $779.06. EMCOR Group, Inc. has a 12-month low of $540.00 and a 12-month high of $951.96. The company has a market capitalization of $34.14 billion, a PE ratio of 25.77 and a beta of 1.13.

EMCOR Group (NYSE:EME) last released its earnings results on Wednesday, April 29th. The construction company reported $6.84 earnings per share for the quarter, beating the consensus estimate of $5.90 by $0.94. The company had revenue of $4.63 billion during the quarter, compared to the consensus estimate of $4.20 billion. EMCOR Group had a return on equity of 35.19% and a net margin of 7.54%.EMCOR Group’s revenue was up 19.7% compared to the same quarter last year. During the same period in the previous year, the company posted $5.41 EPS. EMCOR Group has set its FY 2026 guidance at 28.250-29.750 EPS. Research analysts predict that EMCOR Group, Inc. will post 29.37 EPS for the current fiscal year.

EMCOR Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a $1.60 annualized dividend and a dividend yield of 0.2%. EMCOR Group’s dividend payout ratio (DPR) is presently 5.37%.

Insider Transactions at EMCOR Group

In other EMCOR Group news, CFO Jason R. Nalbandian sold 800 shares of the stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $856.43, for a total transaction of $685,144.00. Following the sale, the chief financial officer directly owned 18,157 shares in the company, valued at $15,550,199.51. This represents a 4.22% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director William P. Reid sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $925.78, for a total transaction of $1,851,560.00. Following the completion of the transaction, the director directly owned 10,149 shares of the company’s stock, valued at $9,395,741.22. This represents a 16.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 10,027 shares of company stock valued at $8,957,466. 0.83% of the stock is owned by corporate insiders.

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.