QRG Capital Management Inc. Raises Holdings in EMCOR Group, Inc. $EME

QRG Capital Management Inc. boosted its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 21.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,218 shares of the construction company’s stock after purchasing an additional 558 shares during the period. QRG Capital Management Inc.’s holdings in EMCOR Group were worth $1,969,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Asahi Life Asset Management CO. LTD. purchased a new stake in EMCOR Group in the third quarter valued at approximately $445,000. Machina Capital S.A.S. purchased a new position in EMCOR Group during the 3rd quarter worth approximately $1,074,000. Donoghue Forlines LLC acquired a new stake in EMCOR Group during the 3rd quarter valued at approximately $2,221,000. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of EMCOR Group by 12.9% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 12,149 shares of the construction company’s stock valued at $7,972,000 after acquiring an additional 1,389 shares during the last quarter. Finally, Public Sector Pension Investment Board boosted its holdings in shares of EMCOR Group by 18.7% in the 3rd quarter. Public Sector Pension Investment Board now owns 23,982 shares of the construction company’s stock valued at $15,577,000 after acquiring an additional 3,783 shares during the last quarter. Institutional investors and hedge funds own 92.59% of the company’s stock.

EMCOR Group Stock Down 2.0%

Shares of EMCOR Group stock opened at $924.85 on Friday. The firm has a market cap of $41.10 billion, a PE ratio of 31.02 and a beta of 1.17. EMCOR Group, Inc. has a twelve month low of $435.02 and a twelve month high of $951.96. The business has a 50-day moving average price of $781.73 and a 200 day moving average price of $712.43.

EMCOR Group (NYSE:EME) last issued its quarterly earnings data on Wednesday, April 29th. The construction company reported $6.84 EPS for the quarter, beating the consensus estimate of $5.90 by $0.94. The company had revenue of $4.63 billion for the quarter, compared to analyst estimates of $4.20 billion. EMCOR Group had a return on equity of 35.19% and a net margin of 7.54%.EMCOR Group’s quarterly revenue was up 19.7% compared to the same quarter last year. During the same period last year, the company earned $5.41 earnings per share. EMCOR Group has set its FY 2026 guidance at 28.250-29.750 EPS. On average, sell-side analysts expect that EMCOR Group, Inc. will post 28.67 EPS for the current year.

EMCOR Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Thursday, April 16th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Thursday, April 16th. EMCOR Group’s payout ratio is presently 5.37%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on EME. UBS Group raised their target price on shares of EMCOR Group from $900.00 to $945.00 and gave the stock a “buy” rating in a report on Friday, March 6th. Wall Street Zen upgraded EMCOR Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Robert W. Baird boosted their price objective on EMCOR Group from $713.00 to $808.00 and gave the company an “outperform” rating in a report on Friday, February 27th. Weiss Ratings restated a “buy (b)” rating on shares of EMCOR Group in a research note on Monday, April 20th. Finally, Stifel Nicolaus set a $918.00 target price on EMCOR Group in a report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $799.29.

Insider Activity at EMCOR Group

In other news, Director Steven Schwarzwaelder sold 5,602 shares of the business’s stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $895.19, for a total transaction of $5,014,854.38. Following the completion of the sale, the director owned 15,875 shares of the company’s stock, valued at $14,211,141.25. The trade was a 26.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Robert Peter Lind sold 675 shares of the company’s stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $894.27, for a total transaction of $603,632.25. Following the transaction, the vice president owned 4,216 shares of the company’s stock, valued at approximately $3,770,242.32. This trade represents a 13.80% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 43,077 shares of company stock valued at $32,564,911. Insiders own 0.83% of the company’s stock.

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.