UNIVEST FINANCIAL Corp Invests $8.61 Million in EMCOR Group, Inc. $EME

UNIVEST FINANCIAL Corp acquired a new stake in shares of EMCOR Group, Inc. (NYSE:EME) in the second quarter, HoldingsChannel.com reports. The fund acquired 10,374 shares of the construction company’s stock, valued at approximately $8,609,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of EME. BlackRock Inc. bought a new position in EMCOR Group in the 2nd quarter worth $3,416,412,000. Northwestern Mutual Wealth Management Co. grew its holdings in EMCOR Group by 132,234.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 669,611 shares of the construction company’s stock valued at $409,661,000 after purchasing an additional 669,105 shares during the period. Norges Bank purchased a new stake in EMCOR Group in the fourth quarter worth about $389,702,000. Bank of Montreal Can increased its position in EMCOR Group by 425.8% in the fourth quarter. Bank of Montreal Can now owns 560,477 shares of the construction company’s stock worth $342,894,000 after buying an additional 453,876 shares in the last quarter. Finally, Deutsche Bank AG bought a new position in shares of EMCOR Group in the second quarter worth about $342,273,000. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on EME. DA Davidson set a $1,047.00 price objective on EMCOR Group in a research note on Monday, August 10th. UBS Group lifted their price target on shares of EMCOR Group from $975.00 to $1,065.00 and gave the company a “buy” rating in a report on Friday, July 31st. Wall Street Zen upgraded shares of EMCOR Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Zacks Research raised shares of EMCOR Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 30th. Finally, Oppenheimer raised their price objective on shares of 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 research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, EMCOR Group has a consensus rating of “Buy” and an average price target of $965.86.

Insider Activity

In other news, Director Carol P. Lowe sold 950 shares of EMCOR Group stock in a transaction that occurred on 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 owned 17,278 shares in the company, valued at $14,591,271. This trade represents a 5.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.73% of the stock is currently owned by insiders.

EMCOR Group Stock Up 3.2%

NYSE EME opened at $863.28 on Tuesday. EMCOR Group, Inc. has a twelve month low of $564.92 and a twelve month high of $951.96. The business has a 50-day moving average price of $798.23 and a 200-day moving average price of $798.93. The firm has a market cap of $38.08 billion, a price-to-earnings ratio of 26.85 and a beta of 1.14.

EMCOR Group (NYSE:EME) last issued its earnings results on Thursday, July 30th. The construction company reported $9.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.23 by $1.83. EMCOR Group had a return on equity of 35.49% and a net margin of 7.74%.The company had revenue of $5.15 billion for the quarter, compared to the consensus estimate of $4.71 billion. During the same quarter last year, the company earned $6.72 EPS. The firm’s quarterly revenue was up 19.7% on a year-over-year basis. EMCOR Group has set its FY 2026 guidance at 32.000-33.250 EPS. Research analysts expect that EMCOR Group, Inc. will post 33.04 EPS for the current fiscal year.

EMCOR Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th were given a dividend of $0.40 per share. The ex-dividend date was Wednesday, July 15th. This represents a $1.60 annualized dividend and a dividend yield of 0.2%. EMCOR Group’s dividend payout ratio (DPR) is presently 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.