Summit Global Investments Boosts Holdings in EMCOR Group, Inc. $EME

Summit Global Investments raised its holdings in EMCOR Group, Inc. (NYSE:EME) by 30.1% during the 1st quarter, Holdings Channel reports. The firm owned 4,768 shares of the construction company’s stock after purchasing an additional 1,104 shares during the quarter. Summit Global Investments’ holdings in EMCOR Group were worth $3,520,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Swiss RE Ltd. purchased a new position in shares of EMCOR Group during the 4th quarter worth approximately $25,000. Barnes Dennig Private Wealth Management LLC purchased a new stake in EMCOR Group in the 4th quarter valued at approximately $26,000. Ascentis Independent Advisors purchased a new stake in EMCOR Group in the 1st quarter valued at approximately $27,000. Zions Bancorporation National Association UT purchased a new stake in EMCOR Group in the 4th quarter valued at approximately $28,000. Finally, Activest Wealth Management grew its holdings in EMCOR Group by 800.0% during the 4th quarter. Activest Wealth Management now owns 54 shares of the construction company’s stock valued at $33,000 after buying an additional 48 shares during the last quarter. 92.59% of the stock is currently owned by institutional investors and hedge funds.

EMCOR Group Stock Performance

Shares of NYSE EME opened at $744.94 on Tuesday. The firm has a market cap of $33.11 billion, a P/E ratio of 24.99 and a beta of 1.13. EMCOR Group, Inc. has a 1 year low of $540.00 and a 1 year high of $951.96. The firm’s 50 day moving average price is $825.48 and its 200 day moving average price is $781.66.

EMCOR Group (NYSE:EME) last issued its quarterly earnings results on Wednesday, April 29th. The construction company reported $6.84 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $4.20 billion. During the same period in the previous year, the firm posted $5.41 EPS. 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. As a group, equities analysts predict that EMCOR Group, Inc. will post 29.37 EPS for the current year.

EMCOR Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be given a $0.40 dividend. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.2%. EMCOR Group’s payout ratio is currently 5.37%.

Insider Transactions at EMCOR Group

In related news, CFO Jason R. Nalbandian sold 800 shares of the company’s stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $856.43, for a total value of $685,144.00. Following the completion of the transaction, the chief financial officer directly owned 18,157 shares in the company, valued at approximately $15,550,199.51. This represents a 4.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Robert Peter Lind sold 675 shares of the stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $894.27, for a total value of $603,632.25. Following the transaction, the vice president owned 4,216 shares in the company, valued at $3,770,242.32. This trade represents a 13.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 10,027 shares of company stock valued at $8,957,466. Corporate insiders own 0.73% of the company’s stock.

Analysts Set New Price Targets

EME has been the subject of several recent research reports. Oppenheimer began coverage on EMCOR Group in a research report on Thursday, May 28th. They set an “outperform” rating and a $1,100.00 price target for the company. Weiss Ratings restated a “buy (b)” rating on shares of EMCOR Group in a research report on Friday. Stifel Nicolaus set a $918.00 price objective on EMCOR Group in a research note on Thursday, April 30th. Zacks Research upgraded EMCOR Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 30th. Finally, Wall Street Zen raised shares of EMCOR Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $871.25.

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.