EMCOR Group, Inc. $EME Shares Bought by National Pension Service

National Pension Service raised its position in shares of EMCOR Group, Inc. (NYSE:EME) by 1.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 86,169 shares of the construction company’s stock after buying an additional 1,026 shares during the period. National Pension Service owned about 0.20% of EMCOR Group worth $71,510,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. California State Teachers Retirement System raised its holdings in shares of EMCOR Group by 83,842.9% in the 2nd quarter. California State Teachers Retirement System now owns 54,566,270 shares of the construction company’s stock valued at $45,283,456,000 after buying an additional 54,501,266 shares during the period. BlackRock Inc. purchased a new position in EMCOR Group during the 2nd quarter valued at about $3,416,412,000. State Street Corp boosted its holdings in EMCOR Group by 2.2% during the 4th quarter. State Street Corp now owns 1,893,792 shares of the construction company’s stock valued at $1,158,603,000 after acquiring an additional 40,801 shares during the period. Geode Capital Management LLC grew its position in EMCOR Group by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 1,425,523 shares of the construction company’s stock valued at $869,343,000 after acquiring an additional 7,790 shares in the last quarter. Finally, Victory Capital Management Inc. grew its position in EMCOR Group by 34.5% in the 4th quarter. Victory Capital Management Inc. now owns 1,276,966 shares of the construction company’s stock valued at $781,239,000 after acquiring an additional 327,606 shares in the last quarter. 92.59% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EME has been the topic of a number of recent research reports. Zacks Research upgraded shares of EMCOR Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 30th. Oppenheimer raised 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. 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. Weiss Ratings downgraded shares of EMCOR Group from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, August 27th. Finally, DA Davidson set a $1,047.00 target price on shares of EMCOR Group in a report on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $965.86.

Insider Transactions at EMCOR Group

In other EMCOR Group news, Director Carol Lowe sold 950 shares of the business’s stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $844.50, for a total transaction of $802,275.00. Following the completion of the transaction, the director owned 17,278 shares in the company, valued at $14,591,271. The trade was a 5.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.73% of the stock is owned by corporate insiders.

EMCOR Group Price Performance

Shares of NYSE EME opened at $779.69 on Friday. The company has a market cap of $34.39 billion, a price-to-earnings ratio of 24.25 and a beta of 1.13. The stock’s 50-day moving average is $775.30 and its two-hundred day moving average is $798.29. EMCOR Group, Inc. has a 1-year low of $564.92 and a 1-year high of $951.96.

EMCOR Group (NYSE:EME) last announced its quarterly earnings data on Thursday, July 30th. The construction company reported $9.06 earnings per share (EPS) for the quarter, beating 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 business had revenue of $5.15 billion during the quarter, compared to analysts’ expectations of $4.71 billion. During the same quarter last year, the business posted $6.72 EPS. The business’s quarterly revenue was up 19.7% compared to the same quarter last year. EMCOR Group has set its FY 2026 guidance at 32.000-33.250 EPS. Equities research analysts anticipate that EMCOR Group, Inc. will post 33.04 earnings per share for the current fiscal year.

EMCOR Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Wednesday, July 15th were paid a $0.40 dividend. The ex-dividend date was Wednesday, July 15th. This represents a $1.60 dividend on an annualized basis and a yield of 0.2%. 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.