Monument Capital Management Sells 9,562 Shares of EMCOR Group, Inc. $EME

Key Points

• Monument Capital Management cut its EMCOR Group stake by 90.9% in the third quarter, selling 9,562 shares and retaining 956 shares valued at approximately $721,000.
• Institutional ownership remains high at 92.59%, with major firms including BlackRock, Deutsche Bank, and Bank of America acquiring significant positions.
• Analysts maintain a favorable outlook, with an average “Buy” rating and $1,014.17 price target. EMCOR also reported quarterly revenue growth of 19.7% and EPS of $9.06, exceeding expectations.

Monument Capital Management lowered its stake in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 90.9% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 956 shares of the construction company's stock after selling 9,562 shares during the period. Monument Capital Management's holdings in EMCOR Group were worth $721,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new position in EMCOR Group during the second quarter worth $3,416,412,000. Deutsche Bank AG acquired a new stake in shares of EMCOR Group in the second quarter valued at $342,273,000. Bank of America Corp DE purchased a new stake in shares of EMCOR Group in the 2nd quarter valued at $282,509,000. Victory Capital Management Inc. lifted its stake in EMCOR Group by 34.5% during the 4th quarter. Victory Capital Management Inc. now owns 1,276,966 shares of the construction company's stock worth $781,239,000 after acquiring an additional 327,606 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in EMCOR Group during the 2nd quarter worth about $207,597,000. Institutional investors and hedge funds own 92.59% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on EME. Zacks Research raised EMCOR Group from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, June 30th. Weiss Ratings lowered shares of EMCOR Group from a "buy (b)" rating to a "buy (b-)" rating in a research note on Thursday, August 27th. Cantor Fitzgerald dropped their price objective on shares of EMCOR Group from $1,123.00 to $1,047.00 and set an "overweight" rating for the company in a report on Monday, August 10th. DA Davidson set a $1,047.00 target price on shares of EMCOR Group in a research note on Monday, August 10th. Finally, UBS Group increased their target price on shares of EMCOR Group from $975.00 to $1,065.00 and gave the stock a "buy" rating in a report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $1,014.17.

EMCOR Group Price Performance

NYSE:EME opened at $776.95 on Friday. EMCOR Group, Inc. has a 12 month low of $564.92 and a 12 month high of $951.96. The firm has a market capitalization of $34.27 billion, a PE ratio of 24.17 and a beta of 1.12. The business's fifty day moving average price is $777.14 and its 200 day moving average price is $801.82.

EMCOR Group (NYSE:EME - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The construction company reported $9.06 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $7.23 by $1.83. EMCOR Group had a return on equity of 35.49% and a net margin of 7.74%.The company had revenue of $5.15 billion during the quarter, compared to the consensus estimate of $4.71 billion. During the same period in the previous year, the business earned $6.72 EPS. EMCOR Group's revenue for the quarter was up 19.7% on a year-over-year basis. EMCOR Group has set its FY 2026 guidance at 32.000-33.250 EPS. As a group, equities analysts anticipate that EMCOR Group, Inc. will post 32.98 EPS for the current year.

EMCOR Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Thursday, October 15th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.2%. The ex-dividend date is Thursday, October 15th. EMCOR Group's dividend payout ratio is currently 4.98%.

EMCOR Group Profile

EMCOR Group, Inc is a specialty construction and facilities services company headquartered in Norwalk, Connecticut. The company provides mechanical and electrical construction, building services, industrial services, energy infrastructure, and related maintenance solutions for commercial, industrial, institutional, governmental, and utility customers.

Its activities include designing and installing heating, ventilation, and air-conditioning systems; electrical power and communications infrastructure; plumbing and piping systems; fire protection; process systems; and building automation technologies.

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