EMCOR Group, Inc. $EME Position Increased by California State Teachers Retirement System

California State Teachers Retirement System grew its holdings in EMCOR Group, Inc. (NYSE:EME - Free Report) by 1.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 65,752 shares of the construction company's stock after acquiring an additional 748 shares during the quarter. California State Teachers Retirement System owned 0.15% of EMCOR Group worth $54,566,270 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in EME. Wedmont Private Capital grew its stake in EMCOR Group by 20.5% in the 2nd quarter. Wedmont Private Capital now owns 518 shares of the construction company's stock valued at $405,000 after buying an additional 88 shares during the last quarter. HB Wealth Management LLC raised its stake in shares of EMCOR Group by 3.0% during the second quarter. HB Wealth Management LLC now owns 3,929 shares of the construction company's stock worth $3,261,000 after acquiring an additional 116 shares in the last quarter. Saudi Central Bank boosted its position in shares of EMCOR Group by 88.7% during the second quarter. Saudi Central Bank now owns 3,117 shares of the construction company's stock valued at $2,587,000 after purchasing an additional 1,465 shares in the last quarter. Compass Financial Management LLC purchased a new stake in shares of EMCOR Group during the 2nd quarter valued at about $453,000. Finally, NBH Bank bought a new position in shares of EMCOR Group during the 2nd quarter valued at about $27,000. 92.59% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Carol Lowe sold 950 shares of the stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $844.50, for a total value of $802,275.00. Following the completion of the transaction, the director owned 17,278 shares in the company, valued at approximately $14,591,271. This represents a 5.21% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.73% of the company's stock.

EMCOR Group Stock Down 1.2%

NYSE EME traded down $9.14 during trading hours on Tuesday, reaching $740.56. The company's stock had a trading volume of 128,822 shares, compared to its average volume of 392,779. The company has a market capitalization of $32.67 billion, a price-to-earnings ratio of 23.03 and a beta of 1.13. EMCOR Group, Inc. has a 1 year low of $564.92 and a 1 year high of $951.96. The firm's 50-day moving average price is $774.53 and its 200-day moving average price is $797.83.

EMCOR Group (NYSE:EME - Get Free Report) last posted its earnings results on Thursday, July 30th. The construction company reported $9.06 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 7.74% and a return on equity of 35.49%. The business's revenue was up 19.7% compared to the same quarter last year. During the same period in the previous year, the business posted $6.72 EPS. EMCOR Group has set its FY 2026 guidance at 32.000-33.250 EPS. Equities research analysts anticipate that EMCOR Group, Inc. will post 33.04 EPS for the current fiscal year.

EMCOR Group Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Weiss Ratings lowered shares of EMCOR Group from a "buy (b)" rating to a "buy (b-)" rating in a research note on Thursday, August 27th. Oppenheimer increased 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 research report on Friday, July 31st. Cantor Fitzgerald lowered their target price on EMCOR Group from $1,123.00 to $1,047.00 and set an "overweight" rating on the stock in a research note on Monday, August 10th. Zacks Research raised EMCOR Group from a "hold" rating to a "strong-buy" rating in a report on Tuesday, June 30th. Finally, DA Davidson set a $1,047.00 target price on EMCOR Group in a research report on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $965.86.

EMCOR Group 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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