Ieq Capital LLC Buys Shares of 45,206 EMCOR Group, Inc. $EME

Ieq Capital LLC bought a new position in shares of EMCOR Group, Inc. (NYSE:EME) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 45,206 shares of the construction company’s stock, valued at approximately $37,515,000. Ieq Capital LLC owned 0.10% of EMCOR Group as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EME. BlackRock Inc. bought a new stake in EMCOR Group during the second quarter valued at about $3,416,412,000. State Street Corp grew its stake in shares of EMCOR Group by 2.2% in the fourth 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 grew its stake in shares of EMCOR Group by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 1,425,523 shares of the construction company’s stock worth $869,343,000 after acquiring an additional 7,790 shares during the last quarter. Victory Capital Management Inc. increased its position in EMCOR Group by 34.5% during the fourth quarter. Victory Capital Management Inc. now owns 1,276,966 shares of the construction company’s stock worth $781,239,000 after acquiring an additional 327,606 shares during the period. Finally, Invesco Ltd. raised its stake in EMCOR Group by 10.5% during the 4th quarter. Invesco Ltd. now owns 799,271 shares of the construction company’s stock valued at $488,986,000 after purchasing an additional 75,692 shares during the last quarter. Institutional investors and hedge funds own 92.59% of the company’s stock.

Insider Buying and Selling at EMCOR Group

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

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on EME shares. Zacks Research raised shares of EMCOR Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 30th. DA Davidson set a $1,047.00 price objective on shares of EMCOR Group in a report on Monday, August 10th. Cantor Fitzgerald cut their price objective on shares of EMCOR Group from $1,123.00 to $1,047.00 and set an “overweight” rating for the company in a research report on Monday, August 10th. UBS Group increased their target price on shares of EMCOR Group from $975.00 to $1,065.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Finally, Oppenheimer lifted their target price on 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. One investment 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 stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $965.86.

EMCOR Group Trading Down 1.2%

Shares of NYSE EME opened at $777.68 on Friday. The business has a fifty day simple moving average of $797.37 and a 200 day simple moving average of $800.45. The firm has a market capitalization of $34.30 billion, a price-to-earnings ratio of 24.19 and a beta of 1.14. EMCOR Group, Inc. has a one year low of $564.92 and a one year high of $951.96.

EMCOR Group (NYSE:EME) last posted its quarterly earnings results 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 firm had revenue of $5.15 billion for the quarter, compared to the consensus estimate of $4.71 billion. EMCOR Group had a net margin of 7.74% and a return on equity of 35.49%. The business’s revenue was up 19.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $6.72 earnings per share. EMCOR Group has set its FY 2026 guidance at 32.000-33.250 EPS. On average, research analysts anticipate that EMCOR Group, Inc. will post 33.04 earnings per share for the current fiscal year.

EMCOR Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th were paid 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 currently 4.98%.

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.