Cookson Peirce & Co. Inc. Buys 1,666 Shares of EMCOR Group, Inc. $EME

Cookson Peirce & Co. Inc. increased its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 2.9% during the second quarter, HoldingsChannel reports. The institutional investor owned 59,774 shares of the construction company’s stock after buying an additional 1,666 shares during the quarter. EMCOR Group accounts for about 1.6% of Cookson Peirce & Co. Inc.’s investment portfolio, making the stock its 13th largest holding. Cookson Peirce & Co. Inc.’s holdings in EMCOR Group were worth $49,605,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several 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 first quarter valued at about $27,000. Swiss RE Ltd. bought a new position in EMCOR Group in the 4th quarter valued at about $25,000. Zions Bancorporation National Association UT acquired a new position in shares of EMCOR Group in the 4th quarter valued at approximately $28,000. Clearstead Trust LLC bought a new stake in shares of EMCOR Group during the 2nd quarter worth approximately $38,000. Finally, Orion Capital Management LLC acquired a new stake in shares of EMCOR Group during the 2nd quarter worth approximately $39,000. 92.59% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have commented on the stock. UBS Group boosted 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 report on Friday, July 31st. Zacks Research upgraded EMCOR Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 30th. DA Davidson set a $1,047.00 price target on EMCOR Group in a report on Monday, August 10th. Cantor Fitzgerald dropped their price objective on 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. Finally, Oppenheimer lifted their target price on 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. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $965.86.

EMCOR Group Stock Down 4.4%

Shares of EME stock opened at $740.85 on Friday. EMCOR Group, Inc. has a twelve month low of $564.92 and a twelve month high of $951.96. The stock’s fifty day simple moving average is $789.57 and its 200 day simple moving average is $801.29. The firm has a market capitalization of $32.68 billion, a P/E ratio of 23.04 and a beta of 1.14.

EMCOR Group (NYSE:EME) last announced its quarterly earnings results on Thursday, July 30th. The construction company reported $9.06 EPS for the quarter, beating analysts’ consensus estimates of $7.23 by $1.83. The firm had revenue of $5.15 billion for the quarter, compared to analyst estimates of $4.71 billion. EMCOR Group had a return on equity of 35.49% and a net margin of 7.74%.The business’s revenue for the quarter was up 19.7% on a year-over-year basis. During the same period last year, the firm posted $6.72 earnings per share. EMCOR Group has set its FY 2026 guidance at 32.000-33.250 EPS. As a group, equities research analysts expect that EMCOR Group, Inc. will post 33.04 EPS for the current fiscal year.

EMCOR Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date was Wednesday, July 15th. EMCOR Group’s payout ratio is 4.98%.

Insider Buying and Selling

In other EMCOR Group news, Director Carol P. Lowe sold 950 shares of EMCOR Group stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $844.50, for a total transaction of $802,275.00. Following the transaction, the director directly owned 17,278 shares of the company’s stock, valued at approximately $14,591,271. The trade was a 5.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.73% of the company’s stock.

EMCOR Group Company Profile

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.