Key Points
- EMCOR Group director William Reid sold 2,000 shares on May 11 at an average price of $925.78, totaling about $1.85 million. After the transaction, he still held 10,149 shares, a 16.46% reduction in his ownership.
- The stock was little changed after the disclosure, with EMCOR Group shares down 0.2% and trading around $923.10, near its 52-week high of $951.96.
- EMCOR reported strong quarterly results, posting EPS of $6.84 and revenue of $4.63 billion, both ahead of expectations. The company also maintained upbeat guidance and continues to have a “Moderate Buy” analyst consensus.
EMCOR Group, Inc. (NYSE:EME - Get Free Report) Director William Reid sold 2,000 shares of the firm's stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $925.78, for a total value of $1,851,560.00. Following the completion of the sale, 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 legal filing with the SEC, which can be accessed through this hyperlink.
EMCOR Group Stock Down 0.2%
EME stock opened at $923.10 on Thursday. EMCOR Group, Inc. has a twelve month low of $450.68 and a twelve month high of $951.96. The company has a market cap of $41.02 billion, a PE ratio of 30.97 and a beta of 1.17. The business's 50-day simple moving average is $795.57 and its 200 day simple moving average is $719.12.
EMCOR Group (NYSE:EME - Get Free Report) last released its earnings results on Wednesday, April 29th. The construction company reported $6.84 earnings per share 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 business had revenue of $4.63 billion for the quarter, compared to the consensus estimate of $4.20 billion. During the same period last year, the business earned $5.41 earnings per share. The firm'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. On average, equities research analysts anticipate that EMCOR Group, Inc. will post 28.67 EPS for the current year.
EMCOR Group Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Thursday, April 16th were given 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 5.37%.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Asahi Life Asset Management CO. LTD. bought a new stake in EMCOR Group during the 3rd quarter worth about $445,000. Machina Capital S.A.S. bought a new stake in EMCOR Group during the 3rd quarter worth about $1,074,000. Donoghue Forlines LLC bought a new stake in EMCOR Group during the 3rd quarter worth about $2,221,000. Wealth Enhancement Advisory Services LLC lifted its position in EMCOR Group by 12.9% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 12,149 shares of the construction company's stock worth $7,972,000 after buying an additional 1,389 shares in the last quarter. Finally, Public Sector Pension Investment Board lifted its position in EMCOR Group by 18.7% during the 3rd quarter. Public Sector Pension Investment Board now owns 23,982 shares of the construction company's stock worth $15,577,000 after buying an additional 3,783 shares in the last quarter. Institutional investors own 92.59% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on the company. Weiss Ratings reissued a "buy (b)" rating on shares of EMCOR Group in a research report on Monday, April 20th. DA Davidson lifted their target price on EMCOR Group from $800.00 to $900.00 and gave the stock a "buy" rating in a research report on Friday, February 27th. UBS Group lifted their target price on EMCOR Group from $900.00 to $945.00 and gave the stock a "buy" rating in a research report on Friday, March 6th. Cantor Fitzgerald assumed coverage on EMCOR Group in a research report on Tuesday, March 10th. They set an "overweight" rating and a $848.00 target price on the stock. Finally, Robert W. Baird lifted their target price on EMCOR Group from $713.00 to $808.00 and gave the stock an "outperform" rating in a research report on Friday, February 27th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, EMCOR Group presently has an average rating of "Moderate Buy" and a consensus target price of $799.29.
Get Our Latest Research Report on EMCOR Group
EMCOR Group Company Profile
(
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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.
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