Canada Pension Plan Investment Board Makes New Investment in EMCOR Group, Inc. $EME

Canada Pension Plan Investment Board purchased a new stake in EMCOR Group, Inc. (NYSE:EME) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 35,140 shares of the construction company’s stock, valued at approximately $29,162,000.

A number of other hedge funds also recently modified their holdings of EME. Castleark Management LLC bought a new stake in shares of EMCOR Group in the second quarter worth $755,000. Osterweis Capital Management Inc. bought a new position in EMCOR Group during the 2nd quarter worth $113,000. Lakewood Capital Management LP acquired a new position in EMCOR Group during the 2nd quarter worth about $5,809,000. Legal & General Group Plc bought a new stake in shares of EMCOR Group in the 2nd quarter valued at about $168,025,000. Finally, The Manufacturers Life Insurance Company bought a new stake in shares of EMCOR Group in the 2nd quarter valued at about $24,291,000. Institutional investors and hedge funds own 92.59% of the company’s stock.

EMCOR Group Price Performance

Shares of EMCOR Group stock opened at $740.85 on Friday. The business has a 50-day simple moving average of $789.57 and a 200 day simple moving average of $801.29. EMCOR Group, Inc. has a one year low of $564.92 and a one year high of $951.96. The firm has a market capitalization of $32.68 billion, a price-to-earnings ratio of 23.04 and a beta of 1.14.

EMCOR Group (NYSE:EME) last announced its quarterly earnings data on Thursday, July 30th. The construction company reported $9.06 EPS for the quarter, beating analysts’ consensus estimates of $7.23 by $1.83. The firm had revenue of $5.15 billion during the quarter, compared to analysts’ expectations of $4.71 billion. EMCOR Group had a return on equity of 35.49% and a net margin of 7.74%.The company’s revenue for the quarter was up 19.7% compared to the same quarter last year. During the same quarter last year, the firm posted $6.72 earnings per share. 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 year.

EMCOR Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Wednesday, July 15th were given a $0.40 dividend. The ex-dividend date of this dividend was Wednesday, July 15th. This represents a $1.60 annualized dividend and a yield of 0.2%. EMCOR Group’s dividend payout ratio (DPR) is presently 4.98%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on EME. DA Davidson set a $1,047.00 price objective on EMCOR Group in a research note on Monday, August 10th. Cantor Fitzgerald lowered their price target on shares of EMCOR Group from $1,123.00 to $1,047.00 and set an “overweight” rating for the company in a report on Monday, August 10th. 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 upgraded shares of EMCOR Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 30th. Finally, UBS Group lifted their target price on shares of EMCOR Group from $975.00 to $1,065.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. One 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 MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $965.86.

Insider Buying and Selling

In other EMCOR Group news, Director Carol P. Lowe sold 950 shares of the business’s stock in a transaction 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 completion of the sale, the director owned 17,278 shares in the company, valued at approximately $14,591,271. The trade was a 5.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.73% of the company’s stock.

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.