Perigon Wealth Management LLC Buys New Shares in EMCOR Group, Inc. $EME

Perigon Wealth Management LLC purchased a new position in EMCOR Group, Inc. (NYSE:EME) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 818 shares of the construction company’s stock, valued at approximately $679,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. North Dakota State Investment Board bought a new stake in shares of EMCOR Group during the fourth quarter valued at approximately $928,000. Thrivent Financial for Lutherans lifted its holdings in shares of EMCOR Group by 663.4% in the 4th quarter. Thrivent Financial for Lutherans now owns 113,562 shares of the construction company’s stock worth $69,476,000 after purchasing an additional 98,687 shares in the last quarter. Chase Investment Counsel Corp lifted its holdings in shares of EMCOR Group by 152.1% in the 4th quarter. Chase Investment Counsel Corp now owns 2,849 shares of the construction company’s stock worth $1,742,000 after purchasing an additional 1,719 shares in the last quarter. Passumpsic Savings Bank acquired a new stake in EMCOR Group in the 4th quarter valued at $1,726,000. Finally, Spectrum Strategic Capital Management LLC acquired a new stake in EMCOR Group in the 4th quarter valued at $970,000. 92.59% of the stock is owned by institutional investors.

Insider Transactions at EMCOR Group

In related news, Director Carol P. Lowe sold 950 shares of the business’s stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $844.50, for a total value of $802,275.00. Following the transaction, the director directly owned 17,278 shares of the company’s stock, valued at approximately $14,591,271. The trade was a 5.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.73% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts have weighed in on EME shares. Zacks Research upgraded shares of EMCOR Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 30th. Wall Street Zen raised shares of EMCOR Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. UBS Group upped their target price 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. Stifel Nicolaus set a $918.00 price target on shares of EMCOR Group in a research report on Thursday, April 30th. Finally, Cantor Fitzgerald cut their price target on EMCOR Group from $1,123.00 to $1,047.00 and set an “overweight” rating for the company in a research note on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $965.86.

EMCOR Group Stock Performance

EMCOR Group stock opened at $804.87 on Thursday. EMCOR Group, Inc. has a fifty-two week low of $564.92 and a fifty-two week high of $951.96. The stock has a market cap of $35.50 billion, a PE ratio of 25.03 and a beta of 1.14. The firm’s 50-day simple moving average is $798.75 and its 200 day simple moving average is $800.14.

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

EMCOR Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Wednesday, July 15th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Wednesday, July 15th. EMCOR Group’s dividend payout ratio (DPR) is 4.98%.

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.