Deutsche Bank AG acquired a new stake in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 412,437 shares of the construction company's stock, valued at approximately $342,273,000. Deutsche Bank AG owned approximately 0.94% of EMCOR Group as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently bought and sold shares of the company. Great Lakes Advisors LLC increased its holdings in EMCOR Group by 32.3% in the first quarter. Great Lakes Advisors LLC now owns 590 shares of the construction company's stock worth $218,000 after buying an additional 144 shares during the last quarter. Geneos Wealth Management Inc. grew its stake in EMCOR Group by 93.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 220 shares of the construction company's stock valued at $81,000 after buying an additional 106 shares during the last quarter. Sivia Capital Partners LLC bought a new position in shares of EMCOR Group in the second quarter worth about $459,000. Baird Financial Group Inc. increased its position in EMCOR Group by 5.0% in the 2nd quarter. Baird Financial Group Inc. now owns 5,820 shares of the construction company's stock worth $3,113,000 after buying an additional 275 shares during the period. Finally, Bank of Nova Scotia increased its position in EMCOR Group by 406.1% during the second quarter. Bank of Nova Scotia now owns 4,565 shares of the construction company's stock worth $2,442,000 after acquiring an additional 3,663 shares during the period. 92.59% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at EMCOR Group
In related news, Director Carol P. Lowe sold 950 shares of EMCOR Group stock in a transaction that occurred on Wednesday, June 17th. The stock was 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 of the company's stock, valued at approximately $14,591,271. This trade represents a 5.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.73% of the company's stock.
EMCOR Group Stock Up 3.2%
Shares of EME stock opened at $863.28 on Tuesday. EMCOR Group, Inc. has a 12-month low of $564.92 and a 12-month high of $951.96. The firm has a fifty day moving average of $798.23 and a 200-day moving average of $798.93. The firm has a market capitalization of $38.08 billion, a price-to-earnings ratio of 26.85 and a beta of 1.14.
EMCOR Group (NYSE:EME - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The construction company reported $9.06 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $4.71 billion. During the same quarter last year, the firm posted $6.72 earnings per share. EMCOR Group'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. Research analysts expect that EMCOR Group, Inc. will post 33.04 earnings per share for the current year.
EMCOR Group Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, July 31st. Shareholders 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 annualized dividend and a dividend yield of 0.2%. EMCOR Group's dividend payout ratio (DPR) is currently 4.98%.
Wall Street Analysts Forecast Growth
EME has been the topic of several research reports. Stifel Nicolaus set a $918.00 price target on EMCOR Group in a research note on Thursday, April 30th. Cantor Fitzgerald dropped their target price on shares of EMCOR Group from $1,123.00 to $1,047.00 and set an "overweight" rating for the company in a research report on Monday, August 10th. Oppenheimer lifted their price objective on EMCOR Group from $1,100.00 to $1,200.00 and gave the company an "outperform" rating in a research report on Friday, July 31st. DA Davidson set a $1,047.00 target price on shares of EMCOR Group in a research note on Monday, August 10th. Finally, Zacks Research upgraded EMCOR Group from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, June 30th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $965.86.
Check Out Our Latest Report on EME
EMCOR Group Company Profile
(
Free Report)
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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