Hsbc Holdings PLC Makes New Investment in EMCOR Group, Inc. $EME

Hsbc Holdings PLC purchased a new stake in EMCOR Group, Inc. (NYSE:EME) during the 2nd quarter, Holdings Channel reports. The firm purchased 109,831 shares of the construction company’s stock, valued at approximately $91,075,000.

A number of other hedge funds also recently made changes to their positions in EME. Canada Pension Plan Investment Board acquired a new position in shares of EMCOR Group during the second quarter worth approximately $29,162,000. Castleark Management LLC acquired a new stake in EMCOR Group in the 2nd quarter valued at approximately $755,000. Osterweis Capital Management Inc. bought a new stake in EMCOR Group during the 2nd quarter valued at $113,000. Lakewood Capital Management LP bought a new stake in EMCOR Group during the 2nd quarter valued at $5,809,000. Finally, Legal & General Group Plc acquired a new position in EMCOR Group during the 2nd quarter worth $168,025,000. Institutional investors own 92.59% of the company’s stock.

EMCOR Group Stock Performance

Shares of NYSE:EME opened at $765.27 on Thursday. The stock has a market capitalization of $33.76 billion, a price-to-earnings ratio of 23.80 and a beta of 1.14. EMCOR Group, Inc. has a 1-year low of $564.92 and a 1-year high of $951.96. The company has a 50 day moving average price of $792.75 and a 200 day moving average price of $801.64.

EMCOR Group (NYSE:EME) last posted its quarterly 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 analysts’ expectations of $4.71 billion. During the same quarter in the prior year, the company earned $6.72 earnings per share. The firm’s 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. On average, sell-side analysts expect that EMCOR Group, Inc. will post 33.04 EPS for the current fiscal year.

EMCOR Group Dividend Announcement

The business also recently announced 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 of this dividend was Wednesday, July 15th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.2%. EMCOR Group’s payout ratio is 4.98%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on EME. UBS Group increased their price target on EMCOR Group from $975.00 to $1,065.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Wall Street Zen upgraded shares of EMCOR Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of EMCOR Group in a report on Friday, July 17th. Zacks Research upgraded shares of EMCOR Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 30th. Finally, DA Davidson set a $1,047.00 target price on shares of EMCOR Group in a research note on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $965.86.

Insider Activity

In other news, Director Carol P. Lowe sold 950 shares of the company’s stock in a transaction 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 completion of the sale, the director directly owned 17,278 shares of the company’s stock, valued at $14,591,271. This represents a 5.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.73% of the stock is owned by company 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.