2,449 Shares in EMCOR Group, Inc. $EME Acquired by Fairtree Asset Management Pty Ltd

Key Points

• Fairtree Asset Management acquired 2,449 EMCOR Group shares worth approximately $2.03 million, while institutional investors collectively own 92.59% of the company.
• EMCOR reported strong quarterly results, with earnings of $9.06 per share and revenue of $5.15 billion, surpassing estimates and representing 19.7% year-over-year revenue growth.
• Analysts maintain a favorable outlook, with the stock carrying a consensus “Buy” rating and an average price target of $965.86; EMCOR also pays a quarterly dividend of $0.40 per share.

Fairtree Asset Management Pty Ltd bought a new stake in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 2,449 shares of the construction company's stock, valued at approximately $2,032,000.

Other hedge funds also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in shares of EMCOR Group during the second quarter valued at $3,416,412,000. State Street Corp raised its stake in EMCOR Group by 2.2% in the 4th quarter. State Street Corp now owns 1,893,792 shares of the construction company's stock valued at $1,158,603,000 after purchasing an additional 40,801 shares during the last quarter. Geode Capital Management LLC lifted its holdings in EMCOR Group by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 1,425,523 shares of the construction company's stock valued at $869,343,000 after purchasing an additional 7,790 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in EMCOR Group by 34.5% in the 4th quarter. Victory Capital Management Inc. now owns 1,276,966 shares of the construction company's stock valued at $781,239,000 after purchasing an additional 327,606 shares in the last quarter. Finally, Invesco Ltd. boosted its stake 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 last quarter. Hedge funds and other institutional investors own 92.59% of the company's stock.

Insider Activity at EMCOR Group

In other 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 transaction, the director directly owned 17,278 shares of the company's stock, valued at approximately $14,591,271. The trade was a 5.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.73% of the company's stock.

EMCOR Group Price Performance

NYSE:EME opened at $788.39 on Friday. The business's 50-day moving average is $798.27 and its two-hundred day moving average is $800.61. The firm has a market capitalization of $34.78 billion, a PE ratio of 24.52 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.

EMCOR Group (NYSE:EME - Get Free Report) last issued its earnings results 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. 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 during the quarter, compared to the consensus estimate of $4.71 billion. During the same quarter in the prior year, the business earned $6.72 earnings per share. The company's revenue was up 19.7% compared to the same quarter last year. EMCOR Group has set its FY 2026 guidance at 32.000-33.250 EPS. Equities analysts anticipate that EMCOR Group, Inc. will post 33.04 EPS for the current year.

EMCOR Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th were paid a dividend of $0.40 per share. The ex-dividend date was Wednesday, July 15th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.2%. EMCOR Group's dividend payout ratio (DPR) is currently 4.98%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on EME shares. Oppenheimer lifted their price target on shares of EMCOR Group from $1,100.00 to $1,200.00 and gave the stock an "outperform" rating in a report on Friday, July 31st. DA Davidson set a $1,047.00 target price on shares of EMCOR Group in a research report on Monday, August 10th. Zacks Research raised shares of EMCOR Group from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, June 30th. Cantor Fitzgerald cut their price target on 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. Finally, 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. One equities research 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 company. According to MarketBeat.com, the stock currently has an average 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.

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