Empirical Finance LLC Decreases Stock Holdings in EMCOR Group, Inc. $EME

Empirical Finance LLC lowered its holdings in EMCOR Group, Inc. (NYSE:EME) by 48.8% in the 2nd quarter, Holdings Channel.com reports. The fund owned 1,157 shares of the construction company’s stock after selling 1,103 shares during the quarter. Empirical Finance LLC’s holdings in EMCOR Group were worth $960,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the business. California State Teachers Retirement System boosted its position in EMCOR Group by 83,842.9% during the 2nd quarter. California State Teachers Retirement System now owns 54,566,270 shares of the construction company’s stock worth $45,283,456,000 after purchasing an additional 54,501,266 shares during the period. BlackRock Inc. acquired a new position in shares of EMCOR Group during the second quarter worth about $3,416,412,000. State Street Corp boosted its position in shares of EMCOR Group by 2.2% in 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 boosted its position in shares of 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 worth $869,343,000 after buying an additional 7,790 shares during the period. Finally, Victory Capital Management Inc. grew its stake in shares of 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 in the last quarter. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Insider Transactions at EMCOR Group

In other EMCOR Group news, Director Carol Lowe sold 950 shares of the company’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 transaction of $802,275.00. Following the sale, the director owned 17,278 shares in the company, valued at $14,591,271. This represents a 5.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.73% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. DA Davidson set a $1,047.00 target price on EMCOR Group in a report on Monday, August 10th. UBS Group upped their price target on EMCOR Group from $975.00 to $1,065.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Cantor Fitzgerald lowered 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 research report on Monday, August 10th. Oppenheimer lifted their price objective on shares of EMCOR Group from $1,100.00 to $1,200.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Finally, Zacks Research raised shares of EMCOR Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 30th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, EMCOR Group has a consensus rating of “Buy” and an average price target of $965.86.

EMCOR Group Price Performance

EME opened at $755.87 on Thursday. EMCOR Group, Inc. has a 12-month low of $564.92 and a 12-month high of $951.96. The stock has a market capitalization of $33.34 billion, a PE ratio of 23.51 and a beta of 1.13. The firm’s fifty day moving average price is $775.70 and its 200 day moving average price is $798.86.

EMCOR Group (NYSE:EME) last announced its quarterly earnings data 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. The company had revenue of $5.15 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the business earned $6.72 EPS. EMCOR Group has set its FY 2026 guidance at 32.000-33.250 EPS. On average, equities research analysts forecast that EMCOR Group, Inc. will post 33.04 earnings per share for the current fiscal year.

EMCOR Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Wednesday, July 15th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Wednesday, July 15th. EMCOR Group’s payout ratio is currently 4.98%.

About EMCOR Group

EMCOR Group, Inc is a specialty construction and building services company headquartered in Norwalk, Connecticut. Through its operating companies, EMCOR provides electrical and mechanical construction services for commercial, industrial, institutional and government facilities.

The company’s services include electrical power and communications systems, heating, ventilation and air-conditioning systems, plumbing, process and industrial piping, building automation, energy infrastructure, fire protection and transportation systems.