NewEdge Wealth LLC Makes New $3.08 Million Investment in EMCOR Group, Inc. $EME

NewEdge Wealth LLC bought a new stake in shares of EMCOR Group, Inc. (NYSE:EME) in the 2nd quarter, Holdings Channel.com reports. The fund bought 3,715 shares of the construction company’s stock, valued at approximately $3,083,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EME. Swiss RE Ltd. purchased a new stake in EMCOR Group in the 4th quarter valued at approximately $25,000. Ascentis Independent Advisors acquired a new position in shares of EMCOR Group in the first quarter worth $27,000. Zions Bancorporation National Association UT acquired a new position in shares of EMCOR Group in the fourth quarter worth $28,000. Activest Wealth Management lifted its position in shares of EMCOR Group by 800.0% in the fourth quarter. Activest Wealth Management now owns 54 shares of the construction company’s stock valued at $33,000 after acquiring an additional 48 shares in the last quarter. Finally, Basecamp Wealth Advisors LLC raised its stake 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 purchasing an additional 47 shares during the last quarter. Institutional investors and hedge funds own 92.59% of the company’s stock.

Insiders Place Their Bets

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

EMCOR Group Stock Down 2.2%

NYSE:EME opened at $788.39 on Friday. The company has a market cap of $34.78 billion, a P/E ratio of 24.52 and a beta of 1.14. EMCOR Group, Inc. has a fifty-two week low of $564.92 and a fifty-two week high of $951.96. The firm’s 50 day moving average is $798.27 and its two-hundred day moving average is $800.61.

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

EMCOR Group Announces Dividend

The business also recently announced 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 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Wednesday, July 15th. EMCOR Group’s dividend payout ratio (DPR) is presently 4.98%.

Analyst Upgrades and Downgrades

EME has been the topic of several 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. UBS Group boosted their price objective on shares of EMCOR Group from $975.00 to $1,065.00 and gave the company a “buy” rating in a research report on Friday, July 31st. DA Davidson set a $1,047.00 price objective on shares of EMCOR Group in a research note on Monday, August 10th. Oppenheimer raised their target price on shares of EMCOR Group from $1,100.00 to $1,200.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. Finally, Wall Street Zen raised EMCOR Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $965.86.

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.