Transamerica Financial Advisors LLC Purchases New Position in EMCOR Group, Inc. $EME

Key Points

• Transamerica Financial Advisors acquired 14,331 EMCOR Group shares worth approximately $11.9 million, while institutional investors collectively own 92.59% of the company.
• Analysts maintain a favorable outlook, with a consensus “Buy” rating and an average price target of $965.86; recent target changes ranged from $918 to $1,065.
• EMCOR reported strong quarterly results, including $9.06 adjusted EPS versus the $7.23 estimate and $5.15 billion in revenue, up 19.7% year over year. The company also paid a $0.40 quarterly dividend.

Transamerica Financial Advisors LLC acquired a new stake in 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 institutional investor acquired 14,331 shares of the construction company's stock, valued at approximately $11,894,000. EMCOR Group makes up about 1.0% of Transamerica Financial Advisors LLC's portfolio, making the stock its 21st largest position.

Other hedge funds also recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in shares of EMCOR Group in the 2nd quarter valued at about $3,416,412,000. State Street Corp increased its position in EMCOR Group by 2.2% during the fourth quarter. State Street Corp now owns 1,893,792 shares of the construction company's stock worth $1,158,603,000 after buying an additional 40,801 shares during the period. Geode Capital Management LLC lifted its stake in EMCOR Group by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 1,425,523 shares of the construction company's stock valued at $869,343,000 after buying an additional 7,790 shares during the last quarter. Victory Capital Management Inc. lifted its stake in EMCOR Group by 34.5% in the fourth quarter. Victory Capital Management Inc. now owns 1,276,966 shares of the construction company's stock valued at $781,239,000 after buying an additional 327,606 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of EMCOR Group by 10.5% in the fourth quarter. Invesco Ltd. now owns 799,271 shares of the construction company's stock valued at $488,986,000 after acquiring an additional 75,692 shares during the period. Hedge funds and other institutional investors own 92.59% of the company's stock.

Insider Buying and Selling at EMCOR Group

In other news, Director Carol P. Lowe sold 950 shares of EMCOR Group stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $844.50, for a total value of $802,275.00. Following the sale, the director owned 17,278 shares of the company's stock, valued at $14,591,271. The trade was a 5.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.73% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on EME. Stifel Nicolaus set a $918.00 target price on shares of EMCOR Group in a research report on Thursday, April 30th. Zacks Research upgraded shares of EMCOR Group from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, June 30th. Cantor Fitzgerald lowered their price objective 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. UBS Group lifted their price objective on shares of EMCOR Group from $975.00 to $1,065.00 and gave the company a "buy" rating in a research note on Friday, July 31st. Finally, Wall Street Zen raised shares of EMCOR Group from a "hold" rating to a "buy" rating in a report on Saturday, May 2nd. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $965.86.

EMCOR Group Trading Up 3.4%

NYSE:EME opened at $765.27 on Thursday. EMCOR Group, Inc. has a 12-month low of $564.92 and a 12-month high of $951.96. The stock's 50 day simple moving average is $792.75 and its 200-day simple moving average is $801.64. The firm has a market cap of $33.76 billion, a P/E ratio of 23.80 and a beta of 1.14.

EMCOR Group (NYSE:EME - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The construction company reported $9.06 earnings per share for the quarter, topping the consensus estimate of $7.23 by $1.83. EMCOR Group had a return on equity of 35.49% and a net margin of 7.74%.The firm had revenue of $5.15 billion during the quarter, compared to the consensus estimate of $4.71 billion. During the same period last year, the company earned $6.72 earnings per share. The company'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. Research analysts forecast that EMCOR Group, Inc. will post 33.04 EPS for the current fiscal year.

EMCOR Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th 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 Wednesday, July 15th. EMCOR Group's dividend payout ratio (DPR) is 4.98%.

About EMCOR Group

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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