Saudi Central Bank Has $2.59 Million Stake in EMCOR Group, Inc. $EME

Saudi Central Bank increased its position in EMCOR Group, Inc. (NYSE:EME) by 88.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,117 shares of the construction company’s stock after purchasing an additional 1,465 shares during the period. Saudi Central Bank’s holdings in EMCOR Group were worth $2,587,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Swiss RE Ltd. bought a new position in shares of EMCOR Group in the fourth quarter valued at $25,000. Ascentis Independent Advisors bought a new stake in shares of EMCOR Group during the first quarter worth about $27,000. NBH Bank acquired a new stake in shares of EMCOR Group in the 2nd quarter worth about $27,000. Zions Bancorporation National Association UT acquired a new stake in shares of EMCOR Group in the 4th quarter worth about $28,000. Finally, Basecamp Wealth Advisors LLC lifted its position in EMCOR Group by 4,700.0% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 48 shares of the construction company’s stock valued at $35,000 after acquiring an additional 47 shares in the last quarter. Institutional investors own 92.59% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on EME. Zacks Research upgraded EMCOR Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 30th. Cantor Fitzgerald dropped their target price on EMCOR Group from $1,123.00 to $1,047.00 and set an “overweight” rating on the stock in a report on Monday, August 10th. DA Davidson set a $1,047.00 target price on EMCOR Group in a research report on Monday, August 10th. Weiss Ratings downgraded EMCOR Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, August 27th. Finally, Oppenheimer increased their price target on 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. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, EMCOR Group has a consensus rating of “Buy” and a consensus target price of $965.86.

Insider Buying and Selling

In other EMCOR Group news, Director Carol Lowe sold 950 shares of the business’s stock in a transaction 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 transaction, the director owned 17,278 shares of the company’s stock, valued at approximately $14,591,271. The trade was a 5.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.73% of the company’s stock.

EMCOR Group Stock Performance

Shares of EME stock opened at $753.90 on Tuesday. EMCOR Group, Inc. has a 52-week low of $564.92 and a 52-week high of $951.96. The company has a 50-day simple moving average of $777.86 and a two-hundred day simple moving average of $799.28. The company has a market capitalization of $33.25 billion, a price-to-earnings ratio of 23.45 and a beta of 1.13.

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. On average, sell-side analysts forecast that EMCOR Group, Inc. will post 33.04 EPS for the current fiscal year.

EMCOR Group Announces Dividend

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 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.