Convergence Investment Partners LLC Invests $2.29 Million in EMCOR Group, Inc. $EME

Convergence Investment Partners LLC purchased a new stake in shares of EMCOR Group, Inc. (NYSE:EME) during the 1st quarter, HoldingsChannel.com reports. The institutional investor purchased 3,106 shares of the construction company’s stock, valued at approximately $2,293,000.

Other hedge funds have also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC boosted its stake 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 buying an additional 1,389 shares during the period. North Dakota State Investment Board purchased a new stake in shares of EMCOR Group during the fourth quarter worth approximately $928,000. Thrivent Financial for Lutherans increased its stake in shares of 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 during the period. Chase Investment Counsel Corp raised its holdings in EMCOR Group by 152.1% in the fourth quarter. Chase Investment Counsel Corp now owns 2,849 shares of the construction company’s stock valued at $1,742,000 after acquiring an additional 1,719 shares in the last quarter. Finally, Passumpsic Savings Bank acquired a new stake in EMCOR Group in the fourth quarter valued at approximately $1,726,000. Hedge funds and other institutional investors own 92.59% of the company’s stock.

EMCOR Group Stock Performance

Shares of NYSE EME opened at $744.94 on Tuesday. The stock’s 50-day simple moving average is $825.48 and its 200-day simple moving average is $781.66. The firm has a market capitalization of $33.11 billion, a PE ratio of 24.99 and a beta of 1.13. EMCOR Group, Inc. has a fifty-two week low of $540.00 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.90 by $0.94. The firm had revenue of $4.63 billion during the quarter, compared to the consensus estimate of $4.20 billion. EMCOR Group had a return on equity of 35.19% and a net margin of 7.54%.The firm’s quarterly revenue was up 19.7% compared to the same quarter last year. During the same period in the prior year, the company posted $5.41 earnings per share. EMCOR Group has set its FY 2026 guidance at 28.250-29.750 EPS. On average, sell-side analysts forecast that EMCOR Group, Inc. will post 29.37 earnings per share for the current fiscal year.

EMCOR Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be issued a $0.40 dividend. The ex-dividend date is Wednesday, July 15th. This represents a $1.60 annualized dividend and a dividend yield of 0.2%. EMCOR Group’s dividend payout ratio is presently 5.37%.

Insiders Place Their Bets

In related news, Director Carol P. Lowe sold 950 shares of the stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $844.50, for a total value of $802,275.00. Following the transaction, the director directly owned 17,278 shares of the company’s stock, valued at $14,591,271. This trade represents a 5.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Steven Schwarzwaelder sold 5,602 shares of EMCOR Group stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $895.19, for a total transaction of $5,014,854.38. Following the sale, the director owned 15,875 shares in the company, valued at $14,211,141.25. This represents a 26.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 10,027 shares of company stock worth $8,957,466. 0.73% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

EME has been the subject of a number of recent research reports. Weiss Ratings reiterated a “buy (b)” rating on shares of EMCOR Group in a research note on Friday. Zacks Research raised shares of EMCOR Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 30th. Oppenheimer initiated coverage on shares of EMCOR Group in a report on Thursday, May 28th. They issued an “outperform” rating and a $1,100.00 price objective on the stock. Stifel Nicolaus set a $918.00 price objective on shares of EMCOR Group in a research report on Thursday, April 30th. Finally, Wall Street Zen upgraded shares of EMCOR Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, EMCOR Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $871.25.

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.