Baird Financial Group Inc. Sells 8,289 Shares of EMCOR Group, Inc. $EME

Key Points

• Baird Financial Group reduced its EMCOR Group stake by 23% in the second quarter, selling 8,289 shares and retaining 27,678 shares valued at approximately $23 million. Institutional investors collectively own 92.59% of the company.
• Analysts remain broadly bullish, with an average rating of “Buy” and an average price target of $965.86. Recent targets range from $1,047 to $1,200, while Zacks Research upgraded the stock to “Strong Buy.”
• EMCOR reported strong quarterly results, posting $9.06 in EPS and $5.15 billion in revenue, both above estimates, with revenue up 19.7% year over year. The company also declared a quarterly dividend of $0.40 per share.

Baird Financial Group Inc. lessened its holdings in EMCOR Group, Inc. (NYSE:EME - Free Report) by 23.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 27,678 shares of the construction company's stock after selling 8,289 shares during the quarter. Baird Financial Group Inc. owned 0.06% of EMCOR Group worth $22,969,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Swiss RE Ltd. acquired a new stake in EMCOR Group in the fourth quarter valued at $25,000. Ascentis Independent Advisors acquired a new stake in shares of EMCOR Group in the 1st quarter worth about $27,000. NBH Bank bought a new position in EMCOR Group in the 2nd quarter valued at about $27,000. Zions Bancorporation National Association UT acquired a new position in EMCOR Group during the 4th quarter valued at about $28,000. Finally, Basecamp Wealth Advisors LLC boosted its stake in EMCOR Group by 4,700.0% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 48 shares of the construction company's stock valued at $35,000 after purchasing an additional 47 shares during the last quarter. Institutional investors and hedge funds own 92.59% of the company's stock.

Insider Transactions at EMCOR Group

In other EMCOR Group news, Director Carol Lowe sold 950 shares of the firm'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 transaction, the director directly owned 17,278 shares in the company, valued at $14,591,271. This trade represents a 5.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.73% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Zacks Research upgraded EMCOR Group from a "hold" rating to a "strong-buy" rating in a report 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. Oppenheimer increased their target price on EMCOR Group from $1,100.00 to $1,200.00 and gave the company an "outperform" rating in a research note on Friday, July 31st. DA Davidson set a $1,047.00 price objective on shares of EMCOR Group in a research report on Monday, August 10th. Finally, UBS Group upped their price objective on shares of EMCOR Group from $975.00 to $1,065.00 and gave the stock a "buy" rating in a report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $965.86.

EMCOR Group Stock Performance

Shares of EMCOR Group stock opened at $779.69 on Friday. EMCOR Group, Inc. has a one year low of $564.92 and a one year high of $951.96. The stock has a market cap of $34.39 billion, a P/E ratio of 24.25 and a beta of 1.13. The stock's fifty day moving average is $775.30 and its 200 day moving average is $798.29.

EMCOR Group (NYSE:EME - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The construction company reported $9.06 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $7.23 by $1.83. The business had revenue of $5.15 billion for the quarter, compared to the consensus estimate 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 was up 19.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $6.72 EPS. EMCOR Group has set its FY 2026 guidance at 32.000-33.250 EPS. Analysts predict that EMCOR Group, Inc. will post 33.04 EPS for the current year.

EMCOR Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Wednesday, July 15th were issued a $0.40 dividend. 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 payout ratio is presently 4.98%.

EMCOR Group Company Profile

EMCOR Group, Inc is a specialty construction and building services company headquartered in Norwalk, Connecticut. Through its operating companies, EMCOR provides electrical and mechanical construction services for commercial, industrial, institutional and government facilities.

The company's services include electrical power and communications systems, heating, ventilation and air-conditioning systems, plumbing, process and industrial piping, building automation, energy infrastructure, fire protection and transportation systems.

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