Horizon Investment Services LLC purchased 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 13F filing with the SEC. The fund purchased 7,284 shares of the construction company's stock, valued at approximately $6,045,000. EMCOR Group makes up 1.7% of Horizon Investment Services LLC's investment portfolio, making the stock its 21st biggest position.
Several other institutional investors have also recently bought and sold shares of the business. Ascentis Independent Advisors bought a new stake in shares of EMCOR Group during the first quarter worth about $27,000. Swiss RE Ltd. acquired a new position in EMCOR Group during the 4th quarter valued at about $25,000. Zions Bancorporation National Association UT bought a new stake in EMCOR Group during the 4th quarter worth approximately $28,000. Clearstead Trust LLC purchased a new stake in shares of EMCOR Group in the second quarter worth approximately $38,000. Finally, Basecamp Wealth Advisors LLC lifted its holdings in shares of EMCOR Group by 4,700.0% in the first quarter. Basecamp Wealth Advisors LLC now owns 48 shares of the construction company's stock valued at $35,000 after purchasing an additional 47 shares in the last quarter. Institutional investors and hedge funds own 92.59% of the company's stock.
Insider Activity
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 shares were sold at an average price of $844.50, for a total transaction of $802,275.00. Following the completion of the sale, the director owned 17,278 shares in the company, valued at $14,591,271. This trade represents a 5.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.73% of the stock is currently owned by insiders.
Analysts Set New Price Targets
A number of research firms recently commented on EME. Oppenheimer increased their price target 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. Weiss Ratings reiterated a "buy (b)" rating on shares of EMCOR Group in a report on Friday, July 17th. Stifel Nicolaus set a $918.00 price target on shares of EMCOR Group in a report on Thursday, April 30th. DA Davidson set a $1,047.00 target price on shares of EMCOR Group in a research report on Monday, August 10th. Finally, Cantor Fitzgerald dropped their target price on shares of 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 analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, EMCOR Group presently has a consensus rating of "Buy" and an average price target of $965.86.
View Our Latest Stock Analysis on EME
EMCOR Group Price Performance
NYSE EME opened at $837.20 on Monday. The business's fifty day moving average is $797.43 and its 200-day moving average is $797.89. The stock has a market capitalization of $36.93 billion, a price-to-earnings ratio of 26.04 and a beta of 1.14. 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 posted its quarterly earnings results on Thursday, July 30th. The construction company reported $9.06 earnings per share for the quarter, beating the consensus estimate of $7.23 by $1.83. The company had revenue of $5.15 billion during 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 firm's revenue for the quarter was up 19.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $6.72 earnings per share. 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 EPS for the current fiscal year.
EMCOR Group Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th were given 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 currently 4.98%.
About EMCOR Group
(
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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