4,778 Shares in EMCOR Group, Inc. $EME Purchased by Peterson Wealth Services

Peterson Wealth Services acquired a new position in shares of EMCOR Group, Inc. (NYSE:EME) during the 1st quarter, Holdings Channel reports. The fund acquired 4,778 shares of the construction company’s stock, valued at approximately $3,528,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in EME. Ascentis Independent Advisors purchased a new position in shares of EMCOR Group in the 1st quarter worth approximately $27,000. Swiss RE Ltd. purchased a new stake in EMCOR Group during the 4th quarter valued at $25,000. Barnes Dennig Private Wealth Management LLC bought a new stake in EMCOR Group in the fourth quarter worth $26,000. Zions Bancorporation National Association UT purchased a new position in EMCOR Group during the fourth quarter worth $28,000. Finally, Activest Wealth Management boosted its stake in EMCOR Group by 800.0% during the fourth quarter. Activest Wealth Management now owns 54 shares of the construction company’s stock worth $33,000 after buying an additional 48 shares during the period. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at EMCOR Group

In other EMCOR Group news, CFO Jason R. Nalbandian sold 800 shares of the firm’s stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $856.43, for a total transaction of $685,144.00. Following the transaction, the chief financial officer directly owned 18,157 shares in the company, valued at $15,550,199.51. This trade represents a 4.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Carol P. Lowe sold 950 shares of EMCOR Group stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $844.50, for a total value of $802,275.00. Following 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 10,027 shares of company stock worth $8,957,466 over the last three months. Corporate insiders own 0.83% of the company’s stock.

Analysts Set New Price Targets

EME has been the topic of several recent analyst reports. Zacks Research raised shares of EMCOR Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 30th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of EMCOR Group in a research note on Monday, April 20th. Oppenheimer initiated coverage on shares of EMCOR Group in a report on Thursday, May 28th. They set an “outperform” rating and a $1,100.00 price target on the stock. Cantor Fitzgerald reissued an “overweight” rating and issued a $1,123.00 price objective on shares of EMCOR Group in a research report on Tuesday, June 16th. Finally, Wall Street Zen raised shares of EMCOR Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, EMCOR Group presently has an average rating of “Moderate Buy” and an average target price of $871.25.

EMCOR Group Price Performance

Shares of EME opened at $783.51 on Friday. The firm has a market capitalization of $34.82 billion, a price-to-earnings ratio of 26.28 and a beta of 1.13. EMCOR Group, Inc. has a 1-year low of $537.10 and a 1-year high of $951.96. The company has a 50-day moving average of $846.56 and a 200 day moving average of $774.91.

EMCOR Group (NYSE:EME) last issued its earnings results on Wednesday, April 29th. The construction company reported $6.84 EPS for the quarter, topping analysts’ consensus estimates of $5.90 by $0.94. The business had revenue of $4.63 billion for the quarter, compared to the consensus estimate of $4.20 billion. EMCOR Group had a net margin of 7.54% and a return on equity of 35.19%. The company’s revenue for the quarter was up 19.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $5.41 EPS. EMCOR Group has set its FY 2026 guidance at 28.250-29.750 EPS. On average, equities analysts anticipate that EMCOR Group, Inc. will post 29.37 earnings per share for the current fiscal year.

EMCOR Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Wednesday, July 15th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a $1.60 annualized dividend and a yield of 0.2%. EMCOR Group’s dividend payout ratio is 5.37%.

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.