Equitable Holdings Inc. Purchases New Position in EMCOR Group, Inc. $EME

Equitable Holdings Inc. acquired a new position in EMCOR Group, Inc. (NYSE:EME) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,018 shares of the construction company’s stock, valued at approximately $845,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ascentis Independent Advisors bought a new position in shares of EMCOR Group during the 1st quarter valued at $27,000. Swiss RE Ltd. acquired a new stake in shares of EMCOR Group in the 4th quarter valued at $25,000. Zions Bancorporation National Association UT bought a new stake in EMCOR Group in the fourth quarter worth $28,000. Clearstead Trust LLC bought a new stake in EMCOR Group in the second quarter worth $38,000. Finally, Basecamp Wealth Advisors LLC increased its position in EMCOR Group by 4,700.0% during the first quarter. Basecamp Wealth Advisors LLC now owns 48 shares of the construction company’s stock worth $35,000 after buying an additional 47 shares during the last quarter. Institutional investors own 92.59% of the company’s stock.

Insider Buying and Selling at EMCOR Group

In other EMCOR Group news, Director Carol P. Lowe sold 950 shares of the firm’s stock in a transaction dated 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. This trade represents a 5.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.73% of the company’s stock.

EMCOR Group Trading Down 4.4%

Shares of EMCOR Group stock opened at $740.85 on Friday. EMCOR Group, Inc. has a 1 year low of $564.92 and a 1 year high of $951.96. The company’s fifty day simple moving average is $789.57 and its 200-day simple moving average is $801.29. The company has a market cap of $32.68 billion, a price-to-earnings ratio of 23.04 and a beta of 1.14.

EMCOR Group (NYSE:EME) last announced its quarterly earnings data 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 business 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% on a year-over-year basis. During the same quarter in the prior year, the business earned $6.72 earnings per share. EMCOR Group has set its FY 2026 guidance at 32.000-33.250 EPS. As a group, research analysts forecast that EMCOR Group, Inc. will post 33.04 earnings per share for the current fiscal year.

EMCOR Group Announces Dividend

The firm also recently disclosed 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 of this dividend was Wednesday, July 15th. EMCOR Group’s dividend payout ratio (DPR) is presently 4.98%.

Wall Street Analyst Weigh In

EME has been the subject of a number of analyst reports. DA Davidson set a $1,047.00 price target on EMCOR Group in a research report on Monday, August 10th. UBS Group increased their price objective on EMCOR Group from $975.00 to $1,065.00 and gave the company a “buy” rating in a report on Friday, July 31st. Oppenheimer raised their price objective on 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. Zacks Research upgraded EMCOR Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 30th. Finally, Cantor Fitzgerald decreased 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 report on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $965.86.

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.