ASK Capital Investment Managers LLC Acquires 3,658 Shares of EMCOR Group, Inc. $EME

ASK Capital Investment Managers LLC purchased a new stake in EMCOR Group, Inc. (NYSE:EME) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 3,658 shares of the construction company’s stock, valued at approximately $2,760,000. EMCOR Group makes up about 3.0% of ASK Capital Investment Managers LLC’s investment portfolio, making the stock its 16th largest holding.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Ascentis Independent Advisors acquired a new position in EMCOR Group in the 1st quarter valued at $27,000. NBH Bank acquired a new position in shares of EMCOR Group in the 2nd quarter valued at about $27,000. GK Wealth Management LLC acquired a new position in EMCOR Group during the third quarter valued at approximately $31,000. Basecamp Wealth Advisors LLC boosted its position in EMCOR Group by 4,700.0% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 48 shares of the construction company’s stock worth $35,000 after purchasing an additional 47 shares during the period. Finally, Clearstead Trust LLC purchased a new stake in shares of EMCOR Group in the second quarter worth about $38,000. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Analyst Ratings Changes

EME has been the subject of several recent analyst reports. Cantor Fitzgerald lowered their target price on EMCOR Group from $1,123.00 to $1,047.00 and set an “overweight” rating for the company in a research note on Monday, August 10th. DA Davidson set a $1,047.00 price target on shares of EMCOR Group in a report on Monday, August 10th. Weiss Ratings downgraded EMCOR Group from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, August 27th. 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 report on Friday, July 31st. Finally, Zacks Research raised shares of EMCOR Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 30th. One analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $1,014.17.

EMCOR Group Price Performance

Shares of EMCOR Group stock opened at $775.00 on Wednesday. EMCOR Group, Inc. has a 1-year low of $564.92 and a 1-year high of $951.96. The business’s fifty day moving average price is $775.18 and its two-hundred day moving average price is $802.33. The company has a market capitalization of $34.19 billion, a P/E ratio of 26.27 and a beta of 1.12.

EMCOR Group (NYSE:EME) last released its quarterly earnings results on Thursday, July 30th. The construction company reported $9.06 earnings per share (EPS) 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 analysts’ expectations of $4.71 billion. EMCOR Group had a return on equity of 35.49% and a net margin of 7.74%. The company’s revenue for the quarter was up 19.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $6.72 earnings per share. EMCOR Group has set its FY 2026 guidance at 32.000-33.250 EPS. On average, research analysts expect that EMCOR Group, Inc. will post 32.98 earnings per share for the current fiscal year.

EMCOR Group Dividend Announcement

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

EMCOR Group Company 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.