EMCOR Group, Inc. (NYSE:EME - Get Free Report) VP Robert Peter Lind sold 675 shares of EMCOR Group stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $894.27, for a total value of $603,632.25. Following the sale, the vice president owned 4,216 shares of the company's stock, valued at approximately $3,770,242.32. This represents a 13.80% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
EMCOR Group Stock Performance
EMCOR Group stock traded up $7.11 during midday trading on Monday, reaching $910.61. 314,307 shares of the company were exchanged, compared to its average volume of 376,099. The company has a market capitalization of $40.47 billion, a price-to-earnings ratio of 30.55 and a beta of 1.17. The firm's 50-day simple moving average is $774.16 and its 200-day simple moving average is $707.25. EMCOR Group, Inc. has a 1 year low of $426.28 and a 1 year high of $921.22.
EMCOR Group (NYSE:EME - Get Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The construction company reported $6.84 EPS for the quarter, topping analysts' consensus estimates of $5.90 by $0.94. The firm had revenue of $4.63 billion during the quarter, compared to analysts' expectations of $4.20 billion. EMCOR Group had a return on equity of 35.19% and a net margin of 7.54%.The firm's quarterly revenue was up 19.7% compared to the same quarter last year. During the same quarter last year, the business posted $5.41 EPS. EMCOR Group has set its FY 2026 guidance at 28.250-29.750 EPS. On average, analysts forecast that EMCOR Group, Inc. will post 28.53 EPS for the current fiscal year.
EMCOR Group Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Thursday, April 16th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Thursday, April 16th. EMCOR Group's dividend payout ratio (DPR) is currently 5.37%.
Institutional Trading of EMCOR Group
A number of institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of EMCOR Group by 17.6% during the 3rd quarter. Vanguard Group Inc. now owns 5,332,636 shares of the construction company's stock worth $3,463,760,000 after purchasing an additional 798,975 shares during the period. State Street Corp grew its holdings in shares of EMCOR Group by 2.2% during the 4th quarter. State Street Corp now owns 1,893,792 shares of the construction company's stock worth $1,158,603,000 after purchasing an additional 40,801 shares during the period. Geode Capital Management LLC grew its holdings in shares of EMCOR Group by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 1,425,523 shares of the construction company's stock worth $869,343,000 after purchasing an additional 7,790 shares during the period. Victory Capital Management Inc. grew its holdings in shares of EMCOR Group by 34.5% during the 4th quarter. Victory Capital Management Inc. now owns 1,276,966 shares of the construction company's stock worth $781,239,000 after purchasing an additional 327,606 shares during the period. Finally, Invesco Ltd. grew its holdings in shares of EMCOR Group by 10.5% during the 4th quarter. Invesco Ltd. now owns 799,271 shares of the construction company's stock worth $488,986,000 after purchasing an additional 75,692 shares during the period. Hedge funds and other institutional investors own 92.59% of the company's stock.
Wall Street Analysts Forecast Growth
A number of analysts recently commented on the company. Wall Street Zen upgraded EMCOR Group from a "hold" rating to a "buy" rating in a research report on Saturday. Zacks Research upgraded EMCOR Group from a "hold" rating to a "strong-buy" rating in a report on Monday, April 27th. Weiss Ratings restated a "buy (b)" rating on shares of EMCOR Group in a report on Monday, April 20th. DA Davidson lifted their price target on EMCOR Group from $800.00 to $900.00 and gave the company a "buy" rating in a report on Friday, February 27th. Finally, Stifel Nicolaus set a $918.00 price target on EMCOR Group in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $799.29.
Read Our Latest Stock Report on EME
EMCOR Group Company Profile
(
Get Free Report)
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.
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