Daiichi Life Insurance Co. Ltd. Purchases Shares of 2,662 EMCOR Group, Inc. $EME

Key Points

• Daiichi Life Insurance purchased 2,662 shares of EMCOR Group in the second quarter, valued at approximately $2.21 million. Institutional investors collectively own 92.59% of the company.
• Analysts remain broadly positive, with one Strong Buy, eight Buy, and one Hold rating; the consensus rating is Buy with a $965.86 price target.
• EMCOR exceeded quarterly expectations, reporting $9.06 in EPS versus $7.23 forecast and $5.15 billion in revenue, up 19.7% year over year. The company also declared a $0.40 quarterly dividend, yielding about 0.2%.

Daiichi Life Insurance Co. Ltd. purchased a new position in EMCOR Group, Inc. (NYSE:EME - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,662 shares of the construction company's stock, valued at approximately $2,209,000.

A number of other large investors have also modified their holdings of EME. Swiss RE Ltd. acquired a new stake in shares of EMCOR Group during the fourth quarter worth $25,000. Ascentis Independent Advisors purchased a new position in shares of EMCOR Group during the first quarter worth $27,000. Zions Bancorporation National Association UT acquired a new position in EMCOR Group during the fourth quarter valued at $28,000. Activest Wealth Management lifted its position in EMCOR Group by 800.0% during the fourth quarter. Activest Wealth Management now owns 54 shares of the construction company's stock valued at $33,000 after purchasing an additional 48 shares during the period. Finally, Basecamp Wealth Advisors LLC boosted its holdings in EMCOR Group by 4,700.0% in the first 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. Hedge funds and other institutional investors own 92.59% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on EME. 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 report on Friday, July 31st. Zacks Research raised EMCOR Group from a "hold" rating to a "strong-buy" rating in a report on Tuesday, June 30th. Oppenheimer upped their target price on EMCOR Group from $1,100.00 to $1,200.00 and gave the stock an "outperform" rating in a research note on Friday, July 31st. Cantor Fitzgerald dropped their target price on EMCOR Group from $1,123.00 to $1,047.00 and set an "overweight" rating on the stock in a report on Monday, August 10th. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of EMCOR Group in a report on Friday, July 17th. 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 data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of $965.86.

EMCOR Group Stock Performance

EME opened at $777.68 on Monday. EMCOR Group, Inc. has a fifty-two week low of $564.92 and a fifty-two week high of $951.96. The company has a fifty day moving average of $797.37 and a two-hundred day moving average of $800.94. The stock has a market capitalization of $34.30 billion, a price-to-earnings ratio of 24.19 and a beta of 1.14.

EMCOR Group (NYSE:EME - Get Free Report) last posted its earnings results on Thursday, July 30th. The construction company reported $9.06 EPS for the quarter, beating analysts' consensus estimates of $7.23 by $1.83. The firm had revenue of $5.15 billion for the quarter, compared to analysts' expectations of $4.71 billion. EMCOR Group had a return on equity of 35.49% and a net margin of 7.74%.The company's quarterly revenue was up 19.7% on a year-over-year basis. During the same period last year, the firm earned $6.72 EPS. EMCOR Group has set its FY 2026 guidance at 32.000-33.250 EPS. On average, equities research analysts forecast that EMCOR Group, Inc. will post 33.04 earnings per share for the current year.

EMCOR Group Dividend Announcement

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

Insider Transactions at EMCOR Group

In other news, Director Carol P. Lowe sold 950 shares of EMCOR Group stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $844.50, for a total value of $802,275.00. Following the sale, the director owned 17,278 shares in the company, valued at $14,591,271. This trade represents a 5.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.73% of the stock is currently owned by insiders.

About EMCOR Group

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source