Chase Investment Counsel Corp Invests $2.33 Million in EMCOR Group, Inc. $EME

Chase Investment Counsel Corp bought a new position in EMCOR Group, Inc. (NYSE:EME) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,804 shares of the construction company’s stock, valued at approximately $2,326,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State Street Corp increased its stake in EMCOR Group by 2.2% in the 4th quarter. State Street Corp now owns 1,893,792 shares of the construction company’s stock worth $1,158,603,000 after acquiring an additional 40,801 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of EMCOR Group by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 1,425,523 shares of the construction company’s stock valued at $869,343,000 after acquiring an additional 7,790 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of EMCOR Group by 34.5% in the fourth quarter. Victory Capital Management Inc. now owns 1,276,966 shares of the construction company’s stock valued at $781,239,000 after purchasing an additional 327,606 shares in the last quarter. Invesco Ltd. increased its position in EMCOR Group by 10.5% in the fourth quarter. Invesco Ltd. now owns 799,271 shares of the construction company’s stock worth $488,986,000 after purchasing an additional 75,692 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its stake in EMCOR Group by 132,234.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 669,611 shares of the construction company’s stock valued at $409,661,000 after purchasing an additional 669,105 shares in the last quarter. 92.59% of the stock is owned by institutional investors.

EMCOR Group Trading Up 0.1%

EME stock opened at $837.20 on Monday. EMCOR Group, Inc. has a 12 month low of $564.92 and a 12 month high of $951.96. The company has a 50-day moving average price of $797.43 and a 200 day moving average price of $797.89. The stock has a market cap of $36.93 billion, a PE ratio of 26.04 and a beta of 1.14.

EMCOR Group (NYSE:EME) last posted its quarterly earnings data on Thursday, July 30th. The construction company reported $9.06 earnings per share for the quarter, topping analysts’ consensus estimates of $7.23 by $1.83. The company had revenue of $5.15 billion for the quarter, compared to analyst estimates of $4.71 billion. EMCOR Group had a net margin of 7.74% and a return on equity of 35.49%. The firm’s revenue for the quarter was up 19.7% on a year-over-year basis. During the same period in the prior year, the company posted $6.72 EPS. EMCOR Group has set its FY 2026 guidance at 32.000-33.250 EPS. Sell-side analysts forecast that EMCOR Group, Inc. will post 33.04 EPS for the current year.

EMCOR Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th were issued a $0.40 dividend. 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 dividend payout ratio is presently 4.98%.

Insider Activity

In related news, Director Carol P. Lowe sold 950 shares of the firm’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 completion of the sale, the director directly owned 17,278 shares of the company’s stock, valued at approximately $14,591,271. This trade represents a 5.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.73% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on EME shares. UBS Group increased their price objective on shares of EMCOR Group from $975.00 to $1,065.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Oppenheimer upped their target price on shares of EMCOR Group from $1,100.00 to $1,200.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of EMCOR Group in a report on Friday, July 17th. Wall Street Zen upgraded EMCOR Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Finally, Cantor Fitzgerald cut their target price on EMCOR Group from $1,123.00 to $1,047.00 and set an “overweight” rating on the stock in a research report on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, EMCOR Group currently has an average rating of “Buy” and a consensus target price of $965.86.

EMCOR Group Company Profile

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.