Legal & General Group Plc Trims Stock Holdings in EMCOR Group, Inc. $EME

Key Points

• Legal & General Group Plc trimmed its EMCOR Group stake by 1.7% in the fourth quarter, leaving it with 169,325 shares valued at about $103.6 million.
• Insiders have been selling shares, including Director William P. Reid and CEO Anthony Guzzi, with 45,077 shares sold over the last 90 days worth roughly $34.4 million.
• EMCOR posted strong quarterly results, beating earnings and revenue estimates with EPS of $6.84 and revenue of $4.63 billion, while analysts currently rate the stock a “Moderate Buy” with an average target price of $836.88.

Legal & General Group Plc trimmed its position in EMCOR Group, Inc. (NYSE:EME - Free Report) by 1.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 169,325 shares of the construction company's stock after selling 2,917 shares during the period. Legal & General Group Plc owned 0.38% of EMCOR Group worth $103,591,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Great Lakes Advisors LLC boosted its holdings in EMCOR Group by 32.3% in the first quarter. Great Lakes Advisors LLC now owns 590 shares of the construction company's stock worth $218,000 after acquiring an additional 144 shares in the last quarter. Geneos Wealth Management Inc. boosted its holdings in EMCOR Group by 93.0% in the first quarter. Geneos Wealth Management Inc. now owns 220 shares of the construction company's stock worth $81,000 after acquiring an additional 106 shares in the last quarter. Sivia Capital Partners LLC bought a new stake in EMCOR Group in the second quarter worth $459,000. Baird Financial Group Inc. boosted its holdings in EMCOR Group by 5.0% in the second quarter. Baird Financial Group Inc. now owns 5,820 shares of the construction company's stock worth $3,113,000 after acquiring an additional 275 shares in the last quarter. Finally, Bank of Nova Scotia grew its position in EMCOR Group by 406.1% during the 2nd quarter. Bank of Nova Scotia now owns 4,565 shares of the construction company's stock valued at $2,442,000 after purchasing an additional 3,663 shares during the last quarter. 92.59% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at EMCOR Group

In other news, Director William P. Reid sold 2,000 shares of the stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $925.78, for a total value of $1,851,560.00. Following the transaction, the director owned 10,149 shares in the company, valued at $9,395,741.22. This represents a 16.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Anthony Guzzi sold 36,000 shares of the stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $729.48, for a total transaction of $26,261,280.00. Following the completion of the transaction, the chief executive officer owned 170,299 shares in the company, valued at $124,229,714.52. This trade represents a 17.45% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 45,077 shares of company stock worth $34,416,471. 0.83% of the stock is currently owned by corporate insiders.

EMCOR Group Price Performance

Shares of NYSE:EME opened at $848.57 on Friday. EMCOR Group, Inc. has a 1 year low of $455.14 and a 1 year high of $951.96. The stock's fifty day moving average price is $827.61 and its 200-day moving average price is $732.36. The company has a market cap of $37.71 billion, a P/E ratio of 28.47 and a beta of 1.17.

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

EMCOR Group Dividend Announcement

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

Analysts Set New Price Targets

EME has been the topic of several recent analyst reports. Weiss Ratings reissued a "buy (b)" rating on shares of EMCOR Group in a research report on Monday, April 20th. Zacks Research downgraded shares of EMCOR Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday. Robert W. Baird increased their price objective on shares of EMCOR Group from $713.00 to $808.00 and gave the company an "outperform" rating in a research report on Friday, February 27th. UBS Group increased their price objective on shares of EMCOR Group from $900.00 to $945.00 and gave the company a "buy" rating in a research report on Friday, March 6th. Finally, Cantor Fitzgerald initiated coverage on shares of EMCOR Group in a research report on Tuesday, March 10th. They set an "overweight" rating and a $848.00 price objective on the stock. Ten analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $836.88.

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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