Hsbc Holdings PLC Raises Stake in EMCOR Group, Inc. $EME

Hsbc Holdings PLC lifted its position in EMCOR Group, Inc. (NYSE:EME) by 23.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 129,520 shares of the construction company’s stock after purchasing an additional 24,323 shares during the quarter. Hsbc Holdings PLC’s holdings in EMCOR Group were worth $79,301,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC boosted its stake in shares of EMCOR Group by 12.9% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 12,149 shares of the construction company’s stock worth $7,972,000 after acquiring an additional 1,389 shares during the period. Sierra Summit Advisors LLC purchased a new position in EMCOR Group in the 3rd quarter worth approximately $5,459,000. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund lifted its holdings in EMCOR Group by 100.0% in the 3rd quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund now owns 3,600 shares of the construction company’s stock worth $2,338,000 after purchasing an additional 1,800 shares in the last quarter. North Dakota State Investment Board purchased a new position in EMCOR Group in the 4th quarter worth approximately $928,000. Finally, LGT Group Foundation boosted its stake in EMCOR Group by 22.6% in the 3rd quarter. LGT Group Foundation now owns 14,340 shares of the construction company’s stock worth $9,392,000 after purchasing an additional 2,645 shares during the period. 92.59% of the stock is currently owned by institutional investors.

EMCOR Group Price Performance

NYSE:EME opened at $869.81 on Tuesday. The company has a market cap of $38.65 billion, a price-to-earnings ratio of 29.18 and a beta of 1.12. EMCOR Group, Inc. has a 1 year low of $483.57 and a 1 year high of $951.96. The stock’s 50 day simple moving average is $854.36 and its two-hundred day simple moving average is $758.13.

EMCOR Group (NYSE:EME) last posted its earnings results on Wednesday, April 29th. The construction company reported $6.84 EPS for the quarter, beating analysts’ consensus estimates of $5.90 by $0.94. EMCOR Group had a return on equity of 35.19% and a net margin of 7.54%.The firm had revenue of $4.63 billion during the quarter, compared to the consensus estimate of $4.20 billion. During the same period in the prior year, the company earned $5.41 EPS. The company’s quarterly revenue was up 19.7% compared to the same quarter last year. EMCOR Group has set its FY 2026 guidance at 28.250-29.750 EPS. As a group, analysts anticipate that EMCOR Group, Inc. will post 29.22 EPS for the current year.

EMCOR Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Thursday, April 16th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, April 16th. This represents a $1.60 dividend on an annualized basis and a yield of 0.2%. EMCOR Group’s dividend payout ratio is presently 5.37%.

Insider Buying and Selling at EMCOR Group

In other news, Director William P. Reid sold 2,000 shares of the business’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $925.78, for a total value of $1,851,560.00. Following the sale, the director directly owned 10,149 shares in the company, valued at $9,395,741.22. The trade was a 16.46% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Steven Schwarzwaelder sold 5,602 shares of the company’s stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $895.19, for a total transaction of $5,014,854.38. Following the sale, the director owned 15,875 shares in the company, valued at $14,211,141.25. This represents a 26.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 10,027 shares of company stock valued at $8,957,466 over the last ninety days. Corporate insiders own 1.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on EME. Wall Street Zen raised shares of EMCOR Group from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Stifel Nicolaus set a $918.00 target price on shares of EMCOR Group in a research report on Thursday, April 30th. Robert W. Baird raised their target price on shares of EMCOR Group from $713.00 to $808.00 and gave the company an “outperform” rating in a research note on Friday, February 27th. Zacks Research cut shares of EMCOR Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of EMCOR Group in a research note on Monday, April 20th. Ten analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, EMCOR Group has an average rating of “Moderate Buy” and an average target price of $871.25.

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.