L2 Asset Management LLC Invests $921,000 in EMCOR Group, Inc. $EME

L2 Asset Management LLC acquired a new stake in shares of EMCOR Group, Inc. (NYSE:EME) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,110 shares of the construction company’s stock, valued at approximately $921,000.

Other hedge funds have also modified their holdings of the company. Swiss RE Ltd. acquired a new position in EMCOR Group during the 4th quarter valued at about $25,000. Ascentis Independent Advisors acquired a new stake in shares of EMCOR Group in the first quarter worth $27,000. Zions Bancorporation National Association UT purchased a new position in shares of EMCOR Group during the 4th quarter valued at about $28,000. Activest Wealth Management lifted its holdings in EMCOR Group by 800.0% in the fourth quarter. Activest Wealth Management now owns 54 shares of the construction company’s stock valued at $33,000 after acquiring an additional 48 shares during the period. Finally, Basecamp Wealth Advisors LLC lifted its stake in shares of EMCOR Group by 4,700.0% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 48 shares of the construction company’s stock valued at $35,000 after purchasing an additional 47 shares during the period. 92.59% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on EME. DA Davidson set a $1,047.00 target price on EMCOR Group in a research report on Monday, August 10th. Zacks Research upgraded EMCOR Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 30th. Cantor Fitzgerald reduced 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. Wall Street Zen upgraded EMCOR Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Finally, UBS Group lifted their price target on EMCOR Group from $975.00 to $1,065.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $965.86.

EMCOR Group Trading Down 1.5%

NYSE:EME opened at $765.23 on Tuesday. The company has a market cap of $33.75 billion, a P/E ratio of 23.80 and a beta of 1.14. EMCOR Group, Inc. has a twelve month low of $564.92 and a twelve month high of $951.96. The company’s 50-day moving average price is $795.86 and its 200-day moving average price is $801.09.

EMCOR Group (NYSE:EME) last announced its quarterly earnings data on Thursday, July 30th. The construction company reported $9.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.23 by $1.83. The company had revenue of $5.15 billion during the quarter, compared to analysts’ expectations of $4.71 billion. EMCOR Group had a net margin of 7.74% and a return on equity of 35.49%. EMCOR Group’s revenue was up 19.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $6.72 EPS. EMCOR Group has set its FY 2026 guidance at 32.000-33.250 EPS. On average, analysts expect that EMCOR Group, Inc. will post 33.04 earnings per share for the current year.

EMCOR Group Dividend Announcement

The business also recently announced 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. This represents a $1.60 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Wednesday, July 15th. EMCOR Group’s payout ratio is currently 4.98%.

Insider Activity

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 value of $802,275.00. Following the completion of the sale, the director directly owned 17,278 shares in the company, valued at $14,591,271. This represents a 5.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.73% of the stock is owned by company 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.