Globeflex Capital L P Makes New Investment in EMCOR Group, Inc. $EME

Globeflex Capital L P bought a new stake in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,894 shares of the construction company's stock, valued at approximately $1,572,000.

Other institutional investors also recently bought and sold shares of the company. Benchmark Investment Advisors LLC purchased a new stake in shares of EMCOR Group during the 2nd quarter valued at $3,954,000. Bank of Nova Scotia purchased a new position in EMCOR Group during the 2nd quarter worth $43,779,000. Elevation Point Wealth Partners LLC acquired a new position in EMCOR Group during the 2nd quarter valued at about $1,134,000. Daiichi Life Insurance Co. Ltd. acquired a new position in EMCOR Group during the 2nd quarter valued at about $2,209,000. Finally, Commerce Bank purchased a new stake in EMCOR Group in the second quarter valued at about $4,157,000. 92.59% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EME has been the subject of several research reports. Zacks Research upgraded shares of EMCOR Group from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, June 30th. Stifel Nicolaus set a $918.00 target price on EMCOR Group in a research note on Thursday, April 30th. Oppenheimer lifted their price target on EMCOR Group from $1,100.00 to $1,200.00 and gave the stock an "outperform" rating in a research report on Friday, July 31st. Weiss Ratings reiterated a "buy (b)" rating on shares of EMCOR Group in a report on Friday, July 17th. Finally, Cantor Fitzgerald cut their price target on EMCOR Group from $1,123.00 to $1,047.00 and set an "overweight" rating on the stock in a research report on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, EMCOR Group has a consensus rating of "Buy" and a consensus price target of $965.86.

Insider Activity at EMCOR Group

In other EMCOR Group news, Director Carol P. Lowe sold 950 shares of the firm's stock in a transaction 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 directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.73% of the company's stock.

EMCOR Group Price Performance

EMCOR Group stock opened at $765.23 on Tuesday. The firm has a 50 day simple moving average of $795.86 and a 200-day simple moving average of $801.09. EMCOR Group, Inc. has a 1-year low of $564.92 and a 1-year high of $951.96. The stock has a market cap of $33.75 billion, a price-to-earnings ratio of 23.80 and a beta of 1.14.

EMCOR Group (NYSE:EME - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The construction company reported $9.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.23 by $1.83. EMCOR Group had a net margin of 7.74% and a return on equity of 35.49%. The firm had revenue of $5.15 billion for the quarter, compared to analyst estimates of $4.71 billion. During the same period in the previous year, the firm earned $6.72 EPS. EMCOR Group's revenue was up 19.7% on a year-over-year basis. EMCOR Group has set its FY 2026 guidance at 32.000-33.250 EPS. Equities analysts expect that EMCOR Group, Inc. will post 33.04 earnings per share for the current fiscal 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 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 was Wednesday, July 15th. EMCOR Group's payout ratio is 4.98%.

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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