Renaissance Technologies LLC Takes Position in EMCOR Group, Inc. $EME

Renaissance Technologies LLC acquired a new position in EMCOR Group, Inc. (NYSE:EME) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 600 shares of the construction company’s stock, valued at approximately $443,000.

A number of other institutional investors also recently bought and sold shares of EME. Public Employees Retirement System of Ohio raised its holdings in EMCOR Group by 26.6% in the 1st quarter. Public Employees Retirement System of Ohio now owns 25,085 shares of the construction company’s stock worth $18,521,000 after purchasing an additional 5,265 shares during the period. Modern Wealth Management LLC grew its holdings in EMCOR Group by 11.5% during the first quarter. Modern Wealth Management LLC now owns 427 shares of the construction company’s stock valued at $325,000 after purchasing an additional 44 shares during the period. Greenline Wealth Management LLC increased its position in EMCOR Group by 18.9% in the first quarter. Greenline Wealth Management LLC now owns 277 shares of the construction company’s stock worth $204,000 after buying an additional 44 shares in the last quarter. Bank of Nova Scotia increased its position in EMCOR Group by 154.9% in the first quarter. Bank of Nova Scotia now owns 37,362 shares of the construction company’s stock worth $27,585,000 after buying an additional 22,707 shares in the last quarter. Finally, Lido Advisors LLC lifted its position in shares of EMCOR Group by 46.1% during the 1st quarter. Lido Advisors LLC now owns 1,094 shares of the construction company’s stock valued at $808,000 after buying an additional 345 shares in the last quarter. 92.59% of the stock is owned by institutional investors.

EMCOR Group Trading Up 3.2%

NYSE:EME opened at $863.28 on Tuesday. The stock has a 50-day moving average price of $798.23 and a 200 day moving average price of $798.93. The stock has a market capitalization of $38.08 billion, a P/E ratio of 26.85 and a beta of 1.14. EMCOR Group, Inc. has a 12-month low of $564.92 and a 12-month high of $951.96.

EMCOR Group (NYSE:EME) last posted its quarterly earnings results on Thursday, July 30th. The construction company reported $9.06 EPS for the quarter, topping analysts’ consensus estimates of $7.23 by $1.83. EMCOR Group had a return on equity of 35.49% and a net margin of 7.74%.The company had revenue of $5.15 billion for the quarter, compared to analysts’ expectations of $4.71 billion. During the same period in the previous year, the firm earned $6.72 EPS. The firm’s revenue was up 19.7% compared to the same quarter last year. EMCOR Group has set its FY 2026 guidance at 32.000-33.250 EPS. On average, research analysts predict that EMCOR Group, Inc. will post 33.04 earnings per share for the current fiscal year.

EMCOR Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Wednesday, July 15th. EMCOR Group’s payout ratio is 4.98%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Cantor Fitzgerald reduced their target price on shares of EMCOR Group from $1,123.00 to $1,047.00 and set an “overweight” rating for the company in a report on Monday, August 10th. DA Davidson set a $1,047.00 price target on shares of EMCOR Group in a report on Monday, August 10th. UBS Group upped their price target on shares of EMCOR Group from $975.00 to $1,065.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Wall Street Zen raised shares of EMCOR Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Finally, Zacks Research upgraded shares of EMCOR Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 30th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $965.86.

Insider Activity at EMCOR Group

In related news, Director Carol P. Lowe sold 950 shares of the company’s stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $844.50, for a total transaction of $802,275.00. Following the completion of the transaction, the director owned 17,278 shares in the company, valued at approximately $14,591,271. This represents a 5.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.73% 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.