Man Group plc Buys Shares of 143,625 EMCOR Group, Inc. $EME

Man Group plc bought a new position in shares of EMCOR Group, Inc. (NYSE:EME) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 143,625 shares of the construction company’s stock, valued at approximately $119,192,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. North Dakota State Investment Board purchased a new position in EMCOR Group in the fourth quarter valued at about $928,000. Thrivent Financial for Lutherans increased its position in EMCOR Group by 663.4% during the fourth quarter. Thrivent Financial for Lutherans now owns 113,562 shares of the construction company’s stock worth $69,476,000 after buying an additional 98,687 shares in the last quarter. Passumpsic Savings Bank acquired a new position in EMCOR Group in the 4th quarter valued at about $1,726,000. Chase Investment Counsel Corp grew its holdings in shares of EMCOR Group by 152.1% during the fourth quarter. Chase Investment Counsel Corp now owns 2,849 shares of the construction company’s stock worth $1,742,000 after buying an additional 1,719 shares in the last quarter. Finally, Summit Global Investments purchased a new stake in shares of EMCOR Group during the second quarter worth about $3,791,000. 92.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on EME shares. Weiss Ratings reissued a “buy (b)” rating on shares of EMCOR Group in a research note on Friday, July 17th. Zacks Research raised shares of EMCOR Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 30th. UBS Group boosted their price target on EMCOR Group from $975.00 to $1,065.00 and gave the company a “buy” rating in a report on Friday, July 31st. Cantor Fitzgerald reduced their price target on EMCOR Group from $1,123.00 to $1,047.00 and set an “overweight” rating on the stock in a research note on Monday, August 10th. Finally, Wall Street Zen upgraded EMCOR Group from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, EMCOR Group currently has a consensus rating of “Buy” and an average target price of $965.86.

EMCOR Group Price Performance

Shares of EME stock opened at $739.04 on Wednesday. The firm’s 50-day simple moving average is $793.95 and its 200-day simple moving average is $801.30. EMCOR Group, Inc. has a 1-year low of $564.92 and a 1-year high of $951.96. The firm has a market cap of $32.60 billion, a P/E ratio of 22.99 and a beta of 1.14.

EMCOR Group (NYSE:EME) last released its earnings results on Thursday, July 30th. The construction company reported $9.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.23 by $1.83. EMCOR Group had a net margin of 7.74% and a return on equity of 35.49%. The firm had revenue of $5.15 billion during the quarter, compared to the consensus estimate of $4.71 billion. During the same period in the previous year, the firm earned $6.72 earnings per share. EMCOR Group’s 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. Analysts expect that EMCOR Group, Inc. will post 33.04 earnings per share for the current fiscal year.

EMCOR Group Dividend Announcement

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

Insider Activity

In other news, Director Carol P. Lowe sold 950 shares of the company’s stock in a transaction 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 completion of the sale, the director directly owned 17,278 shares in the company, valued at $14,591,271. This represents a 5.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.73% of the stock is owned by corporate insiders.

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.