EMCOR Group, Inc. $EME Shares Purchased by California Public Employees Retirement System

California Public Employees Retirement System raised its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 13.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 108,092 shares of the construction company’s stock after acquiring an additional 12,913 shares during the quarter. California Public Employees Retirement System owned approximately 0.24% of EMCOR Group worth $79,805,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Swiss RE Ltd. acquired a new stake in shares of EMCOR Group in the 4th quarter valued at about $25,000. Barnes Dennig Private Wealth Management LLC acquired a new position in EMCOR Group in the fourth quarter worth about $26,000. Ascentis Independent Advisors acquired a new position in EMCOR Group in the first quarter worth about $27,000. Zions Bancorporation National Association UT bought a new stake in EMCOR Group in the fourth quarter valued at about $28,000. Finally, Activest Wealth Management increased its holdings in EMCOR Group by 800.0% in the fourth quarter. Activest Wealth Management now owns 54 shares of the construction company’s stock valued at $33,000 after buying an additional 48 shares during the last quarter. 92.59% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have commented on EME. Wall Street Zen raised EMCOR Group from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Zacks Research upgraded EMCOR Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 30th. Weiss Ratings reiterated a “buy (b)” rating on shares of EMCOR Group in a report on Monday, April 20th. Oppenheimer began coverage on EMCOR Group in a research report on Thursday, May 28th. They set an “outperform” rating and a $1,100.00 price target on the stock. Finally, Stifel Nicolaus set a $918.00 price objective on EMCOR Group in a research note on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $871.25.

Insider Transactions at EMCOR Group

In other news, VP Robert Peter Lind sold 675 shares of the business’s stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $894.27, for a total transaction of $603,632.25. Following the completion of the transaction, the vice president owned 4,216 shares of the company’s stock, valued at approximately $3,770,242.32. The trade was a 13.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Carol P. Lowe sold 950 shares of the company’s stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $844.50, for a total transaction of $802,275.00. Following the transaction, the director owned 17,278 shares of the company’s stock, valued at $14,591,271. This represents a 5.21% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 10,027 shares of company stock valued at $8,957,466 over the last three months. 0.83% of the stock is currently owned by company insiders.

EMCOR Group Stock Down 0.4%

EME opened at $741.30 on Monday. The company’s 50-day moving average price is $829.21 and its 200 day moving average price is $780.76. EMCOR Group, Inc. has a fifty-two week low of $540.00 and a fifty-two week high of $951.96. The firm has a market cap of $32.94 billion, a price-to-earnings ratio of 24.87 and a beta of 1.13.

EMCOR Group (NYSE:EME) last issued its earnings results on Wednesday, April 29th. The construction company reported $6.84 EPS for the quarter, beating analysts’ consensus estimates of $5.90 by $0.94. The company 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%.EMCOR Group’s quarterly revenue was up 19.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $5.41 earnings per share. EMCOR Group has set its FY 2026 guidance at 28.250-29.750 EPS. Research analysts anticipate that EMCOR Group, Inc. will post 29.37 earnings per share for the current year.

EMCOR Group Dividend Announcement

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

EMCOR Group 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.