636,986 Shares in EMCOR Group, Inc. $EME Acquired by Norges Bank

Norges Bank bought a new position in shares of EMCOR Group, Inc. (NYSE:EME) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 636,986 shares of the construction company’s stock, valued at approximately $389,702,000.

Several other hedge funds and other institutional investors have also modified their holdings of EME. Eurizon SLJ Capital Ltd acquired a new stake in EMCOR Group during the 4th quarter valued at $2,880,000. Eurizon Capital SGR S.p.A. acquired a new stake in EMCOR Group during the 4th quarter valued at $22,666,000. National Pension Service increased its stake in shares of EMCOR Group by 187.3% in the 4th quarter. National Pension Service now owns 110,532 shares of the construction company’s stock valued at $67,622,000 after buying an additional 72,059 shares during the period. Rothschild Investment LLC increased its stake in shares of EMCOR Group by 13.6% in the 4th quarter. Rothschild Investment LLC now owns 792 shares of the construction company’s stock valued at $485,000 after buying an additional 95 shares during the period. Finally, SBI Okasan Asset Management Co.Ltd. acquired a new stake in shares of EMCOR Group in the 4th quarter valued at $312,000. Institutional investors own 92.59% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on EME shares. UBS Group lifted their target price on EMCOR Group from $900.00 to $945.00 and gave the company a “buy” rating in a research note on Friday, March 6th. Zacks Research cut EMCOR Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Robert W. Baird lifted their price objective on EMCOR Group from $713.00 to $808.00 and gave the stock an “outperform” rating in a research note on Friday, February 27th. Oppenheimer began coverage on EMCOR Group in a research note on Thursday. They set an “outperform” rating and a $1,100.00 price objective for the company. Finally, Wall Street Zen raised EMCOR Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Ten research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $836.88.

EMCOR Group Price Performance

Shares of EMCOR Group stock opened at $831.56 on Tuesday. The firm has a market cap of $36.95 billion, a price-to-earnings ratio of 27.90 and a beta of 1.12. The stock’s 50-day moving average is $830.90 and its 200-day moving average is $734.89. EMCOR Group, Inc. has a one year low of $455.14 and a one year high of $951.96.

EMCOR Group (NYSE:EME) last issued its quarterly 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 for the quarter, compared to analyst estimates of $4.20 billion. EMCOR Group had a return on equity of 35.19% and a net margin of 7.54%.The company’s quarterly revenue was up 19.7% compared to the same quarter last year. During the same period in the previous year, the company posted $5.41 earnings per share. EMCOR Group has set its FY 2026 guidance at 28.250-29.750 EPS. On average, equities analysts expect that EMCOR Group, Inc. will post 28.84 EPS for the current year.

EMCOR Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Thursday, April 16th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date was Thursday, April 16th. EMCOR Group’s payout ratio is 5.37%.

Insiders Place Their Bets

In related news, VP Robert Peter Lind sold 675 shares of EMCOR Group stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $894.27, for a total value of $603,632.25. Following the sale, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Steven Schwarzwaelder sold 5,602 shares of EMCOR Group stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $895.19, for a total value of $5,014,854.38. Following the completion of the sale, the director directly owned 15,875 shares in the company, valued at approximately $14,211,141.25. This represents a 26.08% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 45,077 shares of company stock valued at $34,416,471 in the last quarter. 1.26% of the stock is currently owned by corporate insiders.

About EMCOR Group

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.