Great Lakes Advisors LLC Invests $654,000 in EMCOR Group, Inc. $EME

Great Lakes Advisors LLC acquired a new stake in EMCOR Group, Inc. (NYSE:EME) in the 2nd quarter, HoldingsChannel.com reports. The fund acquired 788 shares of the construction company’s stock, valued at approximately $654,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Ascentis Independent Advisors bought a new position in EMCOR Group in the first quarter valued at about $27,000. Swiss RE Ltd. acquired a new stake in shares of EMCOR Group during the fourth quarter valued at about $25,000. Zions Bancorporation National Association UT bought a new stake in shares of EMCOR Group during the fourth quarter worth about $28,000. Clearstead Trust LLC bought a new stake in shares of EMCOR Group during the second quarter worth about $38,000. Finally, Basecamp Wealth Advisors LLC increased its stake in shares of EMCOR Group by 4,700.0% in the first quarter. Basecamp Wealth Advisors LLC now owns 48 shares of the construction company’s stock valued at $35,000 after buying an additional 47 shares during the period. Institutional investors and hedge funds own 92.59% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on EME. Wall Street Zen upgraded shares of EMCOR Group from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Weiss Ratings reissued a “buy (b)” rating on shares of EMCOR Group in a research note on Friday, July 17th. DA Davidson set a $1,047.00 price objective on EMCOR Group in a report on Monday, August 10th. UBS Group raised their target price on EMCOR Group from $975.00 to $1,065.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Finally, Stifel Nicolaus set a $918.00 target price on EMCOR Group in a report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, EMCOR Group currently has an average rating of “Buy” and an average target price of $965.86.

EMCOR Group Stock Performance

Shares of EME stock opened at $777.68 on Friday. EMCOR Group, Inc. has a fifty-two week low of $564.92 and a fifty-two week high of $951.96. The stock has a 50 day simple moving average of $797.37 and a two-hundred day simple moving average of $800.45. The company has a market cap of $34.30 billion, a P/E ratio of 24.19 and a beta of 1.14.

EMCOR Group (NYSE:EME) last posted its quarterly earnings results on Thursday, July 30th. The construction company reported $9.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.23 by $1.83. The firm had revenue of $5.15 billion for the quarter, compared to analysts’ expectations of $4.71 billion. EMCOR Group had a return on equity of 35.49% and a net margin of 7.74%.The company’s revenue for the quarter was up 19.7% compared to the same quarter last year. During the same period in the prior year, the business earned $6.72 EPS. 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 year.

EMCOR Group Announces Dividend

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

Insider Transactions at EMCOR Group

In other EMCOR Group news, Director Carol P. Lowe sold 950 shares of the firm’s 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 completion of the sale, the director directly owned 17,278 shares in the company, valued at approximately $14,591,271. This trade represents a 5.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.73% of the stock is currently owned by corporate insiders.

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.