Allstate Corp Grows Stock Position in EMCOR Group, Inc. $EME

Key Points

• Allstate Corp more than doubled its stake in EMCOR Group, increasing its holdings by 105.9% in the fourth quarter to 3,303 shares valued at about $2.0 million.
• EMCOR Group posted strong quarterly results, with EPS of $6.84 beating estimates and revenue of $4.63 billion topping forecasts, while revenue rose 19.7% year over year.
• Analysts remain broadly positive on the stock, with 10 Buy ratings and an average price target of $836.88, though recent insider selling and mixed rating changes show some caution.

Allstate Corp boosted its stake in EMCOR Group, Inc. (NYSE:EME - Free Report) by 105.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,303 shares of the construction company's stock after acquiring an additional 1,699 shares during the quarter. Allstate Corp's holdings in EMCOR Group were worth $2,021,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Main Street Group LTD raised its position in shares of EMCOR Group by 110.0% in the 3rd quarter. Main Street Group LTD now owns 42 shares of the construction company's stock valued at $27,000 after purchasing an additional 22 shares in the last quarter. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of EMCOR Group in the 4th quarter valued at approximately $26,000. Activest Wealth Management raised its position in shares of EMCOR Group by 800.0% in the 4th quarter. Activest Wealth Management now owns 54 shares of the construction company's stock valued at $33,000 after purchasing an additional 48 shares in the last quarter. Richardson Financial Services Inc. raised its position in shares of EMCOR Group by 71.9% in the 4th quarter. Richardson Financial Services Inc. now owns 55 shares of the construction company's stock valued at $34,000 after purchasing an additional 23 shares in the last quarter. Finally, Elyxium Wealth LLC acquired a new position in shares of EMCOR Group in the 4th quarter valued at approximately $37,000. Hedge funds and other institutional investors own 92.59% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on EME shares. Wall Street Zen raised EMCOR Group from a "hold" rating to a "buy" rating in a research report on Saturday, May 2nd. Robert W. Baird upped their target price on EMCOR Group from $713.00 to $808.00 and gave the company an "outperform" rating in a research report on Friday, February 27th. Zacks Research lowered EMCOR Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday. Weiss Ratings reissued a "buy (b)" rating on shares of EMCOR Group in a research report on Monday, April 20th. Finally, Oppenheimer began coverage on EMCOR Group in a research report on Thursday. They set an "outperform" rating and a $1,100.00 price target on the stock. Ten investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $836.88.

EMCOR Group Trading Down 0.8%

EME stock opened at $848.57 on Friday. The firm has a market cap of $37.71 billion, a P/E ratio of 28.47 and a beta of 1.17. EMCOR Group, Inc. has a 12-month low of $455.14 and a 12-month high of $951.96. The stock's 50 day simple moving average is $827.61 and its 200 day simple moving average is $732.36.

EMCOR Group (NYSE:EME - Get Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The construction company reported $6.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.90 by $0.94. The business had revenue of $4.63 billion for the quarter, compared to analyst estimates of $4.20 billion. EMCOR Group had a return on equity of 35.19% and a net margin of 7.54%.The business's revenue was up 19.7% compared to the same quarter last year. During the same period in the prior year, the company posted $5.41 EPS. EMCOR Group has set its FY 2026 guidance at 28.250-29.750 EPS. On average, research analysts forecast that EMCOR Group, Inc. will post 28.67 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 paid 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 is presently 5.37%.

Insider Activity

In related news, VP Robert Peter Lind sold 675 shares of the company's stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $894.27, for a total transaction of $603,632.25. Following the completion of the transaction, the vice president directly owned 4,216 shares in the company, valued at $3,770,242.32. This represents a 13.80% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William P. Reid sold 2,000 shares of the company's stock in a transaction on Monday, May 11th. The stock was sold at an average price of $925.78, for a total value of $1,851,560.00. Following the transaction, the director owned 10,149 shares of the company's stock, valued at approximately $9,395,741.22. The trade was a 16.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 45,077 shares of company stock worth $34,416,471 over the last 90 days. Insiders own 0.83% of the company's stock.

EMCOR Group Company 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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