7,905 Shares in EMCOR Group, Inc. $EME Acquired by Edgestream Partners L.P.

Edgestream Partners L.P. acquired a new stake in EMCOR Group, Inc. (NYSE:EME) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 7,905 shares of the construction company’s stock, valued at approximately $4,228,000.

Several other institutional investors and hedge funds also recently made changes to their positions in EME. McLean Asset Management Corp lifted its stake in shares of EMCOR Group by 2.8% in the 2nd quarter. McLean Asset Management Corp now owns 700 shares of the construction company’s stock valued at $379,000 after purchasing an additional 19 shares during the period. Park Place Capital Corp lifted its stake in EMCOR Group by 6.9% in the second quarter. Park Place Capital Corp now owns 308 shares of the construction company’s stock valued at $164,000 after buying an additional 20 shares during the period. Simon Quick Advisors LLC boosted its holdings in EMCOR Group by 2.1% during the second quarter. Simon Quick Advisors LLC now owns 1,092 shares of the construction company’s stock worth $584,000 after buying an additional 22 shares during the last quarter. NBC Securities Inc. grew its position in shares of EMCOR Group by 0.7% during the 2nd quarter. NBC Securities Inc. now owns 3,170 shares of the construction company’s stock worth $1,695,000 after buying an additional 23 shares during the period. Finally, Institute for Wealth Management LLC. increased its stake in shares of EMCOR Group by 2.2% in the 2nd quarter. Institute for Wealth Management LLC. now owns 1,051 shares of the construction company’s stock valued at $562,000 after acquiring an additional 23 shares during the last quarter. Institutional investors own 92.59% of the company’s stock.

EMCOR Group Trading Up 0.9%

EME opened at $611.79 on Thursday. The stock has a market capitalization of $27.39 billion, a P/E ratio of 24.60 and a beta of 1.17. EMCOR Group, Inc. has a 12 month low of $320.89 and a 12 month high of $778.64. The firm’s fifty day simple moving average is $655.89 and its 200 day simple moving average is $595.72.

EMCOR Group (NYSE:EME) last released its quarterly earnings results on Thursday, October 30th. The construction company reported $6.57 earnings per share (EPS) for the quarter, meeting the consensus estimate of $6.57. The firm had revenue of $4.30 billion for the quarter, compared to the consensus estimate of $4.27 billion. EMCOR Group had a return on equity of 37.04% and a net margin of 6.96%.The company’s revenue for the quarter was up 16.4% on a year-over-year basis. During the same quarter last year, the business posted $5.80 EPS. EMCOR Group has set its FY 2025 guidance at 25.000-25.75 EPS. On average, equities research analysts predict that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 30th. Shareholders of record on Wednesday, October 15th were paid a $0.25 dividend. The ex-dividend date was Wednesday, October 15th. This represents a $1.00 annualized dividend and a yield of 0.2%. EMCOR Group’s payout ratio is presently 4.02%.

Insiders Place Their Bets

In other EMCOR Group news, Director Robin A. Walker-Lee sold 1,325 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $677.22, for a total transaction of $897,316.50. Following the completion of the transaction, the director owned 6,140 shares of the company’s stock, valued at $4,158,130.80. This represents a 17.75% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.26% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

EME has been the topic of a number of analyst reports. Northcoast Research downgraded shares of EMCOR Group from a “buy” rating to a “neutral” rating and set a $500.00 price target on the stock. in a research report on Thursday, August 7th. The Goldman Sachs Group upgraded shares of EMCOR Group from a “sell” rating to a “neutral” rating and increased their target price for the stock from $495.00 to $676.00 in a report on Tuesday, October 7th. Wall Street Zen lowered shares of EMCOR Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 8th. William Blair began coverage on shares of EMCOR Group in a research report on Thursday, September 11th. They issued an “outperform” rating for the company. Finally, Stifel Nicolaus lifted their target price on EMCOR Group from $692.00 to $718.00 and gave the stock a “buy” rating in a report on Monday, October 13th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $692.83.

EMCOR Group Company Profile

EMCOR Group, Inc provides construction and facilities, building, and industrial services in the United States and the United Kingdom. It offers design, integration, installation, start-up, operation, and maintenance services related to power transmission, distribution, and generation systems; energy solutions; premises electrical and lighting systems; process instrumentation; low-voltage systems; voice and data communications systems; roadway and transit lighting, signaling, and fiber optic lines; computerized traffic control systems, and signal and communication equipment; heating, ventilation, air conditioning, refrigeration, and geothermal solutions; clean-room process ventilation systems; fire protection and suppression systems; plumbing, process, and high-purity piping systems; controls and filtration systems; water and wastewater treatment systems; central plant heating and cooling systems; crane and rigging services; millwright services; and steel fabrication, erection, and welding services.