Panagora Asset Management Inc. Cuts Stock Position in EMCOR Group, Inc. $EME

Panagora Asset Management Inc. trimmed its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 20.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 92,394 shares of the construction company’s stock after selling 24,183 shares during the quarter. Panagora Asset Management Inc.’s holdings in EMCOR Group were worth $56,526,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Swiss RE Ltd. acquired a new position in shares of EMCOR Group during the 4th quarter worth about $25,000. Main Street Group LTD boosted its holdings in EMCOR Group by 110.0% in the 3rd quarter. Main Street Group LTD now owns 42 shares of the construction company’s stock worth $27,000 after buying an additional 22 shares during the last quarter. Barnes Dennig Private Wealth Management LLC purchased a new stake in EMCOR Group during the 4th quarter worth approximately $26,000. Zions Bancorporation National Association UT acquired a new position in shares of EMCOR Group during the fourth quarter valued at approximately $28,000. Finally, Activest Wealth Management lifted its position in shares of EMCOR Group by 800.0% in the fourth quarter. Activest Wealth Management now owns 54 shares of the construction company’s stock valued at $33,000 after acquiring an additional 48 shares in the last quarter. Institutional investors and hedge funds own 92.59% of the company’s stock.

EMCOR Group Stock Performance

Shares of EMCOR Group stock opened at $822.27 on Monday. The stock has a 50 day moving average of $845.67 and a 200 day moving average of $748.36. The firm has a market capitalization of $36.54 billion, a price-to-earnings ratio of 27.58 and a beta of 1.12. EMCOR Group, Inc. has a fifty-two week low of $470.02 and a fifty-two week high of $951.96.

EMCOR Group (NYSE:EME) last announced its quarterly earnings results 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 business 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%.The company’s quarterly revenue was up 19.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $5.41 EPS. EMCOR Group has set its FY 2026 guidance at 28.250-29.750 EPS. Analysts forecast that EMCOR Group, Inc. will post 29.22 EPS for the current year.

EMCOR Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Thursday, April 16th were paid a dividend of $0.40 per share. 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 dividend payout ratio (DPR) is 5.37%.

Insider Activity at EMCOR Group

In other EMCOR Group news, Director William P. Reid sold 2,000 shares of EMCOR Group stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $925.78, for a total transaction of $1,851,560.00. Following the completion of the sale, the director directly owned 10,149 shares in the company, valued at $9,395,741.22. This trade represents a 16.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Robert Peter Lind sold 675 shares of the business’s stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $894.27, for a total transaction of $603,632.25. Following the completion of the sale, the vice president directly owned 4,216 shares in the company, valued at $3,770,242.32. This trade represents a 13.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 9,077 shares of company stock worth $8,155,191. 1.26% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on EME shares. DA Davidson lifted their price target on EMCOR Group from $800.00 to $900.00 and gave the stock a “buy” rating in a research note on Friday, February 27th. Weiss Ratings restated a “buy (b)” rating on shares of EMCOR Group in a report on Monday, April 20th. Oppenheimer initiated coverage on shares of EMCOR Group in a research note on Thursday, May 28th. They set an “outperform” rating and a $1,100.00 target price on the stock. Robert W. Baird increased their target price on shares of EMCOR Group from $713.00 to $808.00 and gave the company an “outperform” rating in a research report on Friday, February 27th. Finally, Wall Street Zen raised shares of EMCOR Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Ten analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, EMCOR Group has an average rating of “Moderate Buy” and a consensus price target of $836.88.

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.