OneDigital Investment Advisors LLC acquired a new stake in EMCOR Group, Inc. (NYSE:EME – Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 1,868 shares of the construction company’s stock, valued at approximately $1,550,000.
Several other large investors also recently modified their holdings of the company. Great Lakes Advisors LLC boosted its position in EMCOR Group by 32.3% during the first quarter. Great Lakes Advisors LLC now owns 590 shares of the construction company’s stock valued at $218,000 after acquiring an additional 144 shares during the last quarter. Geneos Wealth Management Inc. grew its holdings in EMCOR Group by 93.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 220 shares of the construction company’s stock worth $81,000 after acquiring an additional 106 shares during the period. Sivia Capital Partners LLC bought a new position in shares of EMCOR Group in the 2nd quarter worth about $459,000. Baird Financial Group Inc. raised its position in shares of EMCOR Group by 5.0% in the 2nd quarter. Baird Financial Group Inc. now owns 5,820 shares of the construction company’s stock worth $3,113,000 after acquiring an additional 275 shares in the last quarter. Finally, Bank of Nova Scotia lifted its stake in shares of EMCOR Group by 406.1% in the 2nd quarter. Bank of Nova Scotia now owns 4,565 shares of the construction company’s stock valued at $2,442,000 after purchasing an additional 3,663 shares during the period. 92.59% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
EME has been the topic of several research analyst reports. UBS Group upped their target price on EMCOR Group from $975.00 to $1,065.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Cantor Fitzgerald lowered their target price on 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. Weiss Ratings reissued a “buy (b)” rating on shares of EMCOR Group in a research note on Friday, July 17th. Zacks Research upgraded EMCOR Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 30th. Finally, Stifel Nicolaus set a $918.00 price objective on shares of EMCOR Group in a research report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $965.86.
EMCOR Group Price Performance
EME stock opened at $863.28 on Tuesday. The company’s 50-day moving average is $798.23 and its 200-day moving average is $798.93. The stock has a market capitalization of $38.08 billion, a PE ratio of 26.85 and a beta of 1.14. EMCOR Group, Inc. has a 1 year low of $564.92 and a 1 year high of $951.96.
EMCOR Group (NYSE:EME – Get Free Report) last issued its earnings results on Thursday, July 30th. The construction company reported $9.06 EPS for the quarter, beating analysts’ consensus estimates of $7.23 by $1.83. EMCOR Group had a return on equity of 35.49% and a net margin of 7.74%.The business had revenue of $5.15 billion during the quarter, compared to analyst estimates of $4.71 billion. During the same period in the previous year, the company posted $6.72 EPS. The firm’s revenue was up 19.7% compared to the same quarter last year. EMCOR Group has set its FY 2026 guidance at 32.000-33.250 EPS. On average, analysts anticipate that EMCOR Group, Inc. will post 33.04 earnings per share for the current fiscal year.
EMCOR Group Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th were issued a dividend of $0.40 per share. The ex-dividend date was Wednesday, July 15th. This represents a $1.60 annualized dividend and a dividend yield of 0.2%. EMCOR Group’s payout ratio is currently 4.98%.
Insider Buying and Selling at EMCOR Group
In other news, Director Carol P. Lowe sold 950 shares of the company’s stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $844.50, for a total transaction of $802,275.00. Following the transaction, the director directly owned 17,278 shares of the company’s stock, valued at $14,591,271. This 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 is available through this link. 0.73% of the stock is owned by 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.
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