William Reid Sells 2,000 Shares of EMCOR Group (NYSE:EME) Stock

EMCOR Group, Inc. (NYSE:EME) Director William Reid sold 2,000 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $925.78, for a total value of $1,851,560.00. Following the completion of the transaction, the director directly owned 10,149 shares in the company, valued at approximately $9,395,741.22. This represents a 16.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

EMCOR Group Stock Performance

Shares of EMCOR Group stock opened at $929.29 on Friday. EMCOR Group, Inc. has a one year low of $450.68 and a one year high of $951.96. The stock’s fifty day moving average is $799.46 and its 200 day moving average is $720.39. The stock has a market cap of $41.30 billion, a P/E ratio of 31.17 and a beta of 1.17.

EMCOR Group (NYSE:EME) last announced its earnings results on Wednesday, April 29th. The construction company reported $6.84 EPS for the quarter, topping analysts’ consensus estimates of $5.90 by $0.94. EMCOR Group had a return on equity of 35.19% and a net margin of 7.54%.The company had revenue of $4.63 billion for the quarter, compared to analysts’ expectations of $4.20 billion. During the same period last year, the firm earned $5.41 EPS. EMCOR Group’s revenue for the quarter was up 19.7% compared to the same quarter last year. EMCOR Group has set its FY 2026 guidance at 28.250-29.750 EPS. Analysts predict that EMCOR Group, Inc. will post 28.67 EPS for the current year.

EMCOR Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Thursday, April 16th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, April 16th. This represents a $1.60 dividend on an annualized basis and a yield of 0.2%. EMCOR Group’s dividend payout ratio (DPR) is currently 5.37%.

Analysts Set New Price Targets

A number of equities research analysts have commented on EME shares. Robert W. Baird raised their price target on EMCOR Group from $713.00 to $808.00 and gave the company an “outperform” rating in a report on Friday, February 27th. Stifel Nicolaus set a $918.00 price target on EMCOR Group in a report on Thursday, April 30th. UBS Group raised their price target on EMCOR Group from $900.00 to $945.00 and gave the company a “buy” rating in a report on Friday, March 6th. Zacks Research raised EMCOR Group from a “hold” rating to a “strong-buy” rating in a report on Monday, April 27th. Finally, Wall Street Zen raised 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, nine have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $799.29.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in EME. Swiss RE Ltd. purchased a new position in EMCOR Group in the fourth quarter worth about $25,000. Barnes Dennig Private Wealth Management LLC purchased a new position in EMCOR Group in the fourth quarter worth about $26,000. Main Street Group LTD grew its position in EMCOR Group by 110.0% in the third quarter. Main Street Group LTD now owns 42 shares of the construction company’s stock worth $27,000 after acquiring an additional 22 shares in the last quarter. Ascentis Independent Advisors purchased a new position in EMCOR Group in the first quarter worth about $27,000. Finally, Zions Bancorporation National Association UT purchased a new position in EMCOR Group in the fourth quarter worth about $28,000. Hedge funds and other institutional investors own 92.59% 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.