Korea Investment CORP Purchases Shares of 51,368 EMCOR Group, Inc. $EME

Korea Investment CORP acquired a new stake in EMCOR Group, Inc. (NYSE:EME) in the second quarter, HoldingsChannel reports. The institutional investor acquired 51,368 shares of the construction company’s stock, valued at approximately $42,629,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EME. BlackRock Inc. acquired a new stake in shares of EMCOR Group during the 2nd quarter valued at about $3,416,412,000. Northwestern Mutual Wealth Management Co. raised its position in EMCOR Group by 132,234.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 669,611 shares of the construction company’s stock worth $409,661,000 after purchasing an additional 669,105 shares in the last quarter. Norges Bank acquired a new position in EMCOR Group in the fourth quarter worth about $389,702,000. Bank of Montreal Can raised 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 purchasing an additional 453,876 shares in the last quarter. Finally, Deutsche Bank AG bought a new position in EMCOR Group during the second quarter worth about $342,273,000. 92.59% of the stock is owned by institutional investors.

EMCOR Group Stock Down 1.2%

Shares of EME stock opened at $777.68 on Friday. The company has a market capitalization of $34.30 billion, a P/E ratio of 24.19 and a beta of 1.14. EMCOR Group, Inc. has a 12-month low of $564.92 and a 12-month high of $951.96. The firm has a 50-day moving average price of $797.37 and a 200 day moving average price of $800.45.

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

EMCOR Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th were issued 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 was Wednesday, July 15th. EMCOR Group’s payout ratio is presently 4.98%.

Analyst Ratings Changes

EME has been the topic of a number of recent research reports. Wall Street Zen raised EMCOR Group from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Zacks Research raised EMCOR Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 30th. Cantor Fitzgerald cut their target price on EMCOR Group from $1,123.00 to $1,047.00 and set an “overweight” rating for the company in a research report on Monday, August 10th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of EMCOR Group in a research note on Friday, July 17th. Finally, Stifel Nicolaus set a $918.00 price target on EMCOR Group in a research report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $965.86.

Insider Activity at EMCOR Group

In related news, Director Carol P. Lowe sold 950 shares of the stock in a transaction that occurred on Wednesday, June 17th. The stock was 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 in the company, valued at $14,591,271. This represents a 5.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.73% of the stock is owned by insiders.

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.