Flputnam Investment Management Co. Invests $8.94 Million in EMCOR Group, Inc. $EME

Key Points

• Flputnam Investment Management opened a new position in EMCOR Group during the fourth quarter, buying 14,607 shares worth about $8.94 million.
• EMCOR’s latest quarterly results topped expectations, with EPS of $6.84 versus estimates of $5.90 and revenue of $4.63 billion, up 19.7% year over year.
• Institutional interest remains heavy, with 92.59% of the stock owned by institutions and hedge funds, while several insiders recently sold shares and analysts generally maintain a Moderate Buy view.

Flputnam Investment Management Co. bought a new position in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 14,607 shares of the construction company's stock, valued at approximately $8,936,000.

A number of other institutional investors also recently modified their holdings of EME. Great Lakes Advisors LLC raised its position in shares of EMCOR Group by 32.3% during the first quarter. Great Lakes Advisors LLC now owns 590 shares of the construction company's stock worth $218,000 after purchasing an additional 144 shares during the period. Geneos Wealth Management Inc. raised its position in shares of EMCOR Group by 93.0% during the first quarter. Geneos Wealth Management Inc. now owns 220 shares of the construction company's stock worth $81,000 after purchasing an additional 106 shares during the period. Sivia Capital Partners LLC acquired a new position in shares of EMCOR Group during the second quarter worth approximately $459,000. Baird Financial Group Inc. raised its position in shares of EMCOR Group by 5.0% during the second quarter. Baird Financial Group Inc. now owns 5,820 shares of the construction company's stock worth $3,113,000 after purchasing an additional 275 shares during the period. Finally, Bank of Nova Scotia grew its holdings 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 buying an additional 3,663 shares in the last quarter. 92.59% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at EMCOR Group

In other EMCOR Group news, VP Robert Peter Lind sold 675 shares of the company's stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $894.27, for a total value of $603,632.25. Following the completion of the transaction, the vice president owned 4,216 shares in the company, valued at $3,770,242.32. This represents a 13.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Steven Schwarzwaelder sold 5,602 shares of the company's stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $895.19, for a total value of $5,014,854.38. Following the completion of the transaction, the director owned 15,875 shares of the company's stock, valued at $14,211,141.25. This trade represents a 26.08% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 45,077 shares of company stock worth $34,416,471. Company insiders own 0.83% of the company's stock.

EMCOR Group Price Performance

Shares of NYSE:EME opened at $856.94 on Thursday. The company has a market capitalization of $38.08 billion, a PE ratio of 28.75 and a beta of 1.17. The business has a fifty day moving average price of $825.21 and a two-hundred day moving average price of $730.95. EMCOR Group, Inc. has a 1 year low of $455.14 and a 1 year high of $951.96.

EMCOR Group (NYSE:EME - Get Free Report) last announced its quarterly earnings data on Wednesday, April 29th. The construction company reported $6.84 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.90 by $0.94. The firm had revenue of $4.63 billion during the quarter, compared to the consensus estimate of $4.20 billion. EMCOR Group had a return on equity of 35.19% and a net margin of 7.54%.The business's revenue for the quarter was up 19.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.41 EPS. EMCOR Group has set its FY 2026 guidance at 28.250-29.750 EPS. Sell-side analysts anticipate that EMCOR Group, Inc. will post 28.67 earnings per share for the current year.

EMCOR Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Thursday, April 16th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Thursday, April 16th. EMCOR Group's dividend payout ratio is 5.37%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. UBS Group upped their price target on EMCOR Group from $900.00 to $945.00 and gave the stock a "buy" rating in a report on Friday, March 6th. Cantor Fitzgerald assumed coverage on EMCOR Group in a report on Tuesday, March 10th. They set an "overweight" rating and a $848.00 price target for the company. Stifel Nicolaus set a $918.00 price target on EMCOR Group in a report on Thursday, April 30th. Zacks Research upgraded shares of EMCOR Group from a "hold" rating to a "strong-buy" rating in a report on Monday, April 27th. Finally, Robert W. Baird boosted their price target on shares of EMCOR Group from $713.00 to $808.00 and gave the stock an "outperform" rating in a report on Friday, February 27th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $799.29.

EMCOR Group 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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