Elevation Point Wealth Partners LLC Purchases New Position in EMCOR Group, Inc. $EME

Elevation Point Wealth Partners LLC purchased a new stake in EMCOR Group, Inc. (NYSE:EME - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,366 shares of the construction company's stock, valued at approximately $1,134,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new position in shares of EMCOR Group in the 2nd quarter valued at $3,416,412,000. Northwestern Mutual Wealth Management Co. boosted its stake in EMCOR Group by 132,234.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 669,611 shares of the construction company's stock valued at $409,661,000 after acquiring an additional 669,105 shares in the last quarter. Norges Bank acquired a new position in EMCOR Group in the fourth quarter valued at $389,702,000. Bank of Montreal Can grew its holdings in shares of EMCOR Group by 425.8% during the fourth quarter. Bank of Montreal Can now owns 560,477 shares of the construction company's stock worth $342,894,000 after purchasing an additional 453,876 shares during the last quarter. Finally, Deutsche Bank AG acquired a new stake in shares of EMCOR Group during the second quarter worth about $342,273,000. Institutional investors and hedge funds own 92.59% of the company's stock.

Insider Activity at EMCOR Group

In other news, Director Carol P. Lowe sold 950 shares of the firm's 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 completion of the sale, the director directly owned 17,278 shares of the company's stock, valued at $14,591,271. This trade represents a 5.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.73% of the stock is owned by corporate insiders.

EMCOR Group Stock Performance

EME stock opened at $765.23 on Tuesday. The stock has a market capitalization of $33.75 billion, a PE ratio of 23.80 and a beta of 1.14. The company has a fifty day moving average of $795.86 and a 200-day moving average of $801.09. EMCOR Group, Inc. has a one year low of $564.92 and a one year high of $951.96.

EMCOR Group (NYSE:EME - Get Free Report) last issued its quarterly earnings results 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 analyst estimates 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 earnings per share. EMCOR Group has set its FY 2026 guidance at 32.000-33.250 EPS. Equities analysts forecast that EMCOR Group, Inc. will post 33.04 earnings per share for the current fiscal year.

EMCOR Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Wednesday, July 15th. EMCOR Group's dividend payout ratio is 4.98%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on EME. Oppenheimer upped their target price 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. Zacks Research upgraded EMCOR Group from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, June 30th. Wall Street Zen raised EMCOR Group from a "hold" rating to a "buy" rating in a report on Saturday, May 2nd. Stifel Nicolaus set a $918.00 target price on shares of EMCOR Group in a report on Thursday, April 30th. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of EMCOR Group in a research 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 issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $965.86.

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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