Simplicity Wealth LLC Purchases New Position in EMCOR Group, Inc. $EME

Simplicity Wealth LLC acquired a new position in EMCOR Group, Inc. (NYSE:EME) in the 2nd quarter, HoldingsChannel.com reports. The fund acquired 895 shares of the construction company’s stock, valued at approximately $743,000.

Other hedge funds have also bought and sold shares of the company. North Dakota State Investment Board bought a new position in EMCOR Group in the 4th quarter worth about $928,000. Thrivent Financial for Lutherans increased its position 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 valued at $69,476,000 after buying an additional 98,687 shares during the period. Passumpsic Savings Bank purchased a new stake in shares of EMCOR Group in the fourth quarter worth about $1,726,000. Chase Investment Counsel Corp boosted its position in shares of 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 during the period. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in shares of EMCOR Group by 23.8% in the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 20,180 shares of the construction company’s stock valued at $12,346,000 after acquiring an additional 3,880 shares during the period. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at EMCOR Group

In other news, Director Carol P. Lowe sold 950 shares of EMCOR Group 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 sale, the director directly owned 17,278 shares of the company’s stock, valued at approximately $14,591,271. The trade was a 5.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.73% of the company’s stock.

EMCOR Group Trading Up 3.2%

Shares of NYSE EME opened at $863.28 on Tuesday. The business has a 50-day moving average of $798.23 and a 200-day moving average of $798.93. The firm has a market capitalization of $38.08 billion, a price-to-earnings 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 announced its earnings results on Thursday, July 30th. The construction company reported $9.06 earnings per share for the quarter, beating analysts’ consensus estimates of $7.23 by $1.83. EMCOR Group had a net margin of 7.74% and a return on equity of 35.49%. The business had revenue of $5.15 billion for the quarter, compared to the consensus estimate of $4.71 billion. During the same period last year, the firm posted $6.72 earnings per share. EMCOR Group’s quarterly revenue was up 19.7% on a year-over-year basis. EMCOR Group has set its FY 2026 guidance at 32.000-33.250 EPS. On average, analysts predict that EMCOR Group, Inc. will post 33.04 earnings per share for the current year.

EMCOR Group Dividend Announcement

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

Analysts Set New Price Targets

Several brokerages recently commented on EME. DA Davidson set a $1,047.00 price objective on shares of EMCOR Group in a research note on Monday, August 10th. Zacks Research raised shares of EMCOR Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 30th. Wall Street Zen upgraded shares of EMCOR Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. 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 report on Friday, July 31st. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of EMCOR Group in a research report on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, EMCOR Group has a consensus rating of “Buy” and an average price target of $965.86.

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.