Livforsakringsbolaget Skandia Omsesidigt Takes $15.64 Million Position in EMCOR Group, Inc. $EME

Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 18,859 shares of the construction company's stock, valued at approximately $15,642,000.

Several other hedge funds also recently added to or reduced their stakes in EME. BlackRock Inc. purchased a new position in shares of EMCOR Group in the 2nd quarter valued at $3,416,412,000. Northwestern Mutual Wealth Management Co. lifted its position in EMCOR Group by 132,234.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 669,611 shares of the construction company's stock valued at $409,661,000 after acquiring an additional 669,105 shares during the last quarter. Norges Bank purchased a new stake in EMCOR Group in the fourth quarter valued at $389,702,000. Bank of Montreal Can boosted its stake in EMCOR Group by 425.8% in the fourth quarter. Bank of Montreal Can now owns 560,477 shares of the construction company's stock valued at $342,894,000 after acquiring an additional 453,876 shares in the last quarter. Finally, Deutsche Bank AG purchased a new position in shares of EMCOR Group during the second quarter worth about $342,273,000. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Wall Street Zen upgraded EMCOR Group from a "hold" rating to a "buy" rating in a research report on Saturday, May 2nd. Oppenheimer raised their price target on EMCOR Group from $1,100.00 to $1,200.00 and gave the stock an "outperform" rating in a research note on Friday, July 31st. DA Davidson set a $1,047.00 price target on EMCOR Group in a research note on Monday, August 10th. Zacks Research upgraded EMCOR Group from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, June 30th. Finally, UBS Group increased their price objective on EMCOR Group from $975.00 to $1,065.00 and gave the company a "buy" rating in a report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, EMCOR Group has an average rating of "Buy" and a consensus price target of $965.86.

Insider Activity at EMCOR Group

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 stock was sold at an average price of $844.50, for a total value of $802,275.00. Following the completion of the sale, the director directly owned 17,278 shares of the company's stock, valued at $14,591,271. This trade represents a 5.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.73% of the stock is owned by corporate insiders.

EMCOR Group Stock Down 4.4%

Shares of NYSE:EME opened at $740.85 on Friday. EMCOR Group, Inc. has a fifty-two week low of $564.92 and a fifty-two week high of $951.96. The firm's 50-day simple moving average is $789.57 and its 200-day simple moving average is $801.29. The company has a market cap of $32.68 billion, a price-to-earnings ratio of 23.04 and a beta of 1.14.

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 (EPS) for the quarter, topping the consensus estimate of $7.23 by $1.83. The firm had revenue of $5.15 billion during the quarter, compared to analysts' expectations 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 period in the prior year, the company posted $6.72 earnings per share. EMCOR Group has set its FY 2026 guidance at 32.000-33.250 EPS. On average, research analysts forecast that EMCOR Group, Inc. will post 33.04 EPS for the current year.

EMCOR Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th were paid 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 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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