Baird Financial Group Inc. Sells 8,289 Shares of EMCOR Group, Inc. $EME

Baird Financial Group Inc. cut its holdings in EMCOR Group, Inc. (NYSE:EME) by 23.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 27,678 shares of the construction company’s stock after selling 8,289 shares during the quarter. Baird Financial Group Inc.’s holdings in EMCOR Group were worth $22,969,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Great Lakes Advisors LLC grew its stake in EMCOR Group by 32.3% during the 1st quarter. Great Lakes Advisors LLC now owns 590 shares of the construction company’s stock valued at $218,000 after purchasing an additional 144 shares during the last quarter. Geneos Wealth Management Inc. raised its position in EMCOR Group by 93.0% during the first quarter. Geneos Wealth Management Inc. now owns 220 shares of the construction company’s stock valued at $81,000 after acquiring an additional 106 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in EMCOR Group in the second quarter valued at approximately $459,000. Bank of Nova Scotia boosted its position in EMCOR Group by 406.1% in the 2nd quarter. Bank of Nova Scotia now owns 4,565 shares of the construction company’s stock worth $2,442,000 after purchasing an additional 3,663 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its position in EMCOR Group by 4.7% in the 2nd quarter. NewEdge Advisors LLC now owns 15,017 shares of the construction company’s stock worth $8,033,000 after purchasing an additional 677 shares in the last quarter. 92.59% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other EMCOR Group news, Director Carol Lowe sold 950 shares of the firm’s stock in a transaction dated 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 owned 17,278 shares of the company’s stock, valued at approximately $14,591,271. This trade represents a 5.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.73% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts recently issued reports on EME shares. UBS Group increased their price target on shares of EMCOR Group from $975.00 to $1,065.00 and gave the stock a “buy” rating in a report on Friday, July 31st. DA Davidson set a $1,047.00 target price on EMCOR Group in a research report on Monday, August 10th. Cantor Fitzgerald cut their price target on shares of 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. Oppenheimer upped their price target on shares of EMCOR Group from $1,100.00 to $1,200.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. Finally, Zacks Research upgraded EMCOR Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 30th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $965.86.

EMCOR Group Price Performance

EME stock opened at $779.69 on Friday. The business’s 50-day moving average is $775.30 and its two-hundred day moving average is $798.29. The firm has a market capitalization of $34.39 billion, a P/E ratio of 24.25 and a beta of 1.13. EMCOR Group, Inc. has a 1 year low of $564.92 and a 1 year high of $951.96.

EMCOR Group (NYSE:EME) last issued its quarterly earnings results on Thursday, July 30th. The construction company reported $9.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.23 by $1.83. EMCOR Group had a net margin of 7.74% and a return on equity of 35.49%. The company had revenue of $5.15 billion during the quarter, compared to the consensus estimate of $4.71 billion. During the same quarter in the previous year, the firm earned $6.72 earnings per share. The firm’s quarterly revenue was up 19.7% on a year-over-year basis. 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 EPS for the current year.

EMCOR Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th were given 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 of this dividend was Wednesday, July 15th. EMCOR Group’s dividend payout ratio is currently 4.98%.

EMCOR Group Company Profile

EMCOR Group, Inc is a specialty construction and building services company headquartered in Norwalk, Connecticut. Through its operating companies, EMCOR provides electrical and mechanical construction services for commercial, industrial, institutional and government facilities.

The company’s services include electrical power and communications systems, heating, ventilation and air-conditioning systems, plumbing, process and industrial piping, building automation, energy infrastructure, fire protection and transportation systems.