UNIVEST FINANCIAL Corp Reduces Stock Holdings in EMCOR Group, Inc. $EME

UNIVEST FINANCIAL Corp lowered its stake in EMCOR Group, Inc. (NYSE:EME) by 7.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,878 shares of the construction company’s stock after selling 735 shares during the period. UNIVEST FINANCIAL Corp’s holdings in EMCOR Group were worth $6,554,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in EME. Swiss RE Ltd. purchased a new stake in shares of EMCOR Group in the 4th quarter worth about $25,000. Barnes Dennig Private Wealth Management LLC purchased a new position in shares of EMCOR Group during the fourth quarter valued at about $26,000. Ascentis Independent Advisors bought a new position in EMCOR Group in the first quarter worth about $27,000. Zions Bancorporation National Association UT bought a new position in EMCOR Group in the fourth quarter worth about $28,000. Finally, Activest Wealth Management lifted its holdings in EMCOR Group by 800.0% in 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 owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Carol P. Lowe sold 950 shares of the stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $844.50, for a total transaction 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 represents a 5.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Jason R. Nalbandian sold 800 shares of the firm’s stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $856.43, for a total transaction of $685,144.00. Following the sale, the chief financial officer owned 18,157 shares of the company’s stock, valued at approximately $15,550,199.51. This represents a 4.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 10,027 shares of company stock worth $8,957,466 over the last quarter. 0.83% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on EME. Zacks Research raised EMCOR Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 30th. Oppenheimer began coverage on EMCOR Group in a research note on Thursday, May 28th. They issued an “outperform” rating and a $1,100.00 target price for the company. Stifel Nicolaus set a $918.00 price target on EMCOR Group in a research report on Thursday, April 30th. Cantor Fitzgerald restated an “overweight” rating and set a $1,123.00 target price on shares of EMCOR Group in a report on Tuesday, June 16th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of EMCOR Group in a research report on Monday, April 20th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, EMCOR Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $871.25.

EMCOR Group Stock Performance

Shares of EMCOR Group stock traded down $1.93 during midday trading on Friday, hitting $781.48. The company had a trading volume of 293,684 shares, compared to its average volume of 440,758. The stock has a market capitalization of $34.73 billion, a P/E ratio of 26.22 and a beta of 1.13. The company has a 50 day moving average of $845.56 and a 200 day moving average of $774.95. EMCOR Group, Inc. has a 52-week low of $540.00 and a 52-week high of $951.96.

EMCOR Group (NYSE:EME) last announced its quarterly earnings data on Wednesday, April 29th. The construction company reported $6.84 earnings per share (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 business had revenue of $4.63 billion during the quarter, compared to analysts’ expectations of $4.20 billion. During the same quarter in the previous year, the business earned $5.41 earnings per share. The firm’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. Equities research analysts forecast that EMCOR Group, Inc. will post 29.37 EPS for the current year.

EMCOR Group Announces Dividend

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

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.