Ellsworth Advisors LLC Makes New $7.47 Million Investment in EMCOR Group, Inc. $EME

Key Points

• Ellsworth Advisors bought 9,895 EMCOR Group shares worth approximately $7.47 million in the third quarter, while 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 $1,014.17, compared with the stock’s reported opening price of $732.27.
• EMCOR exceeded quarterly expectations, reporting $9.06 in earnings per share and $5.15 billion in revenue, while revenue grew 19.7% year over year. The company also declared a quarterly dividend of $0.40 per share.

Ellsworth Advisors LLC purchased a new position in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,895 shares of the construction company's stock, valued at approximately $7,466,000. EMCOR Group makes up 1.2% of Ellsworth Advisors LLC's holdings, making the stock its 26th largest holding.

Other large investors also recently modified their holdings of the company. V Square Quantitative Management LLC grew its holdings in shares of EMCOR Group by 6.3% during the third quarter. V Square Quantitative Management LLC now owns 1,147 shares of the construction company's stock worth $865,000 after purchasing an additional 68 shares during the last quarter. Davidson Capital Management Inc. increased its stake in shares of EMCOR Group by 2.6% in the third quarter. Davidson Capital Management Inc. now owns 8,180 shares of the construction company's stock valued at $6,172,000 after buying an additional 204 shares during the period. Barlow Wealth Partners LLC raised its holdings in EMCOR Group by 0.7% in the 3rd quarter. Barlow Wealth Partners LLC now owns 32,280 shares of the construction company's stock valued at $26,616,000 after buying an additional 214 shares during the last quarter. Saxony Capital Management LLC bought a new position in EMCOR Group in the 3rd quarter valued at approximately $249,000. Finally, Assenagon Asset Management S.A. raised its holdings in EMCOR Group by 94.7% in the 3rd quarter. Assenagon Asset Management S.A. now owns 106,275 shares of the construction company's stock valued at $80,183,000 after buying an additional 51,696 shares during the last quarter. 92.59% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities 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 report on Thursday, August 27th. Zacks Research upgraded shares of EMCOR Group from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, June 30th. UBS Group reaffirmed a "buy" rating on shares of EMCOR Group in a research note on Friday, October 9th. Oppenheimer lifted 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 report on Friday, July 31st. Finally, DA Davidson set a $1,047.00 price objective on shares of EMCOR Group in a research note on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $1,014.17.

EMCOR Group Price Performance

Shares of EME opened at $732.27 on Friday. The business has a 50-day moving average of $772.10 and a 200-day moving average of $802.46. The company has a market capitalization of $32.30 billion, a price-to-earnings ratio of 22.78 and a beta of 1.12. EMCOR Group, Inc. has a 1 year low of $564.92 and a 1 year high of $951.96.

EMCOR Group (NYSE:EME - Get Free Report) last announced its earnings results on Thursday, July 30th. The construction company reported $9.06 EPS for the quarter, beating the consensus estimate of $7.23 by $1.83. The business 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 firm's revenue was up 19.7% on a year-over-year basis. During the same period in the prior year, the business posted $6.72 earnings per share. EMCOR Group has set its FY 2026 guidance at 32.000-33.250 EPS. As a group, sell-side analysts anticipate that EMCOR Group, Inc. will post 32.98 EPS for the current year.

EMCOR Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Thursday, October 15th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Thursday, October 15th. EMCOR Group's dividend payout ratio is currently 4.98%.

About EMCOR Group

EMCOR Group, Inc is a specialty construction and facilities services company headquartered in Norwalk, Connecticut. The company provides mechanical and electrical construction, building services, industrial services, energy infrastructure, and related maintenance solutions for commercial, industrial, institutional, governmental, and utility customers.

Its activities include designing and installing heating, ventilation, and air-conditioning systems; electrical power and communications infrastructure; plumbing and piping systems; fire protection; process systems; and building automation technologies.

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