Independent Financial Group LLC Takes $767,000 Position in EMCOR Group, Inc. $EME

Independent Financial Group LLC acquired a new position in shares of EMCOR Group, Inc. (NYSE:EME) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 1,039 shares of the construction company’s stock, valued at approximately $767,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EME. Great Lakes Advisors LLC increased its stake in EMCOR Group by 32.3% in the first quarter. Great Lakes Advisors LLC now owns 590 shares of the construction company’s stock valued at $218,000 after acquiring an additional 144 shares during the last quarter. Geneos Wealth Management Inc. lifted its stake in EMCOR Group by 93.0% during the first quarter. Geneos Wealth Management Inc. now owns 220 shares of the construction company’s stock worth $81,000 after purchasing an additional 106 shares during the last quarter. Sivia Capital Partners LLC bought a new stake in EMCOR Group during the second quarter worth about $459,000. Baird Financial Group Inc. boosted its holdings in shares of EMCOR Group by 5.0% in the 2nd quarter. Baird Financial Group Inc. now owns 5,820 shares of the construction company’s stock worth $3,113,000 after purchasing an additional 275 shares in the last quarter. Finally, Bank of Nova Scotia boosted its holdings in shares of EMCOR Group by 406.1% in the 2nd quarter. Bank of Nova Scotia now owns 4,565 shares of the construction company’s stock worth $2,442,000 after purchasing an additional 3,663 shares in the last quarter. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on EME. Stifel Nicolaus set a $918.00 price objective on EMCOR Group in a research report on Thursday, April 30th. Cantor Fitzgerald restated an “overweight” rating and issued a $1,123.00 target price on shares of EMCOR Group in a research report on Tuesday, June 16th. Oppenheimer assumed coverage on EMCOR Group in a research note on Thursday, May 28th. They issued an “outperform” rating and a $1,100.00 target price for the company. Wall Street Zen upgraded shares of EMCOR Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of EMCOR Group in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $871.25.

Insiders Place Their Bets

In other news, VP Robert Peter Lind sold 675 shares of the firm’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 value of $603,632.25. Following the transaction, the vice president owned 4,216 shares in the company, valued at approximately $3,770,242.32. This trade represents a 13.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William P. Reid sold 2,000 shares of EMCOR Group stock in a transaction on Monday, May 11th. The stock was sold at an average price of $925.78, for a total transaction 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. The trade was a 16.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 10,027 shares of company stock worth $8,957,466. 0.73% of the stock is currently owned by corporate insiders.

EMCOR Group Trading Up 2.1%

Shares of NYSE:EME opened at $759.91 on Wednesday. The stock’s 50-day moving average price is $822.17 and its 200-day moving average price is $782.70. EMCOR Group, Inc. has a 12-month low of $540.00 and a 12-month high of $951.96. The stock has a market capitalization of $33.77 billion, a P/E ratio of 25.49 and a beta of 1.13.

EMCOR Group (NYSE:EME) last released its quarterly earnings data on Wednesday, April 29th. The construction company reported $6.84 EPS for the quarter, topping the consensus estimate of $5.90 by $0.94. EMCOR Group had a return on equity of 35.19% and a net margin of 7.54%.The firm had revenue of $4.63 billion for the quarter, compared to the consensus estimate of $4.20 billion. During the same quarter in the previous year, the business earned $5.41 earnings per share. The company’s quarterly revenue was up 19.7% on a year-over-year basis. EMCOR Group has set its FY 2026 guidance at 28.250-29.750 EPS. As a group, research analysts predict that EMCOR Group, Inc. will post 29.37 EPS for the current year.

EMCOR Group Dividend Announcement

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

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.