McLean Asset Management Corp Buys 19 Shares of EMCOR Group, Inc. $EME

McLean Asset Management Corp raised its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 2.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 700 shares of the construction company’s stock after buying an additional 19 shares during the period. McLean Asset Management Corp’s holdings in EMCOR Group were worth $379,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of EME. Continuum Advisory LLC raised its stake in shares of EMCOR Group by 53.7% in the fourth quarter. Continuum Advisory LLC now owns 83 shares of the construction company’s stock valued at $38,000 after acquiring an additional 29 shares during the last quarter. Alps Advisors Inc. boosted its position in shares of EMCOR Group by 3.4% in the 1st quarter. Alps Advisors Inc. now owns 908 shares of the construction company’s stock worth $336,000 after purchasing an additional 30 shares during the last quarter. Allworth Financial LP boosted its position in shares of EMCOR Group by 17.9% in the 1st quarter. Allworth Financial LP now owns 217 shares of the construction company’s stock worth $87,000 after purchasing an additional 33 shares during the last quarter. Kathmere Capital Management LLC boosted its position in shares of EMCOR Group by 3.6% in the 1st quarter. Kathmere Capital Management LLC now owns 1,026 shares of the construction company’s stock worth $379,000 after purchasing an additional 36 shares during the last quarter. Finally, Wedbush Securities Inc. boosted its position in shares of EMCOR Group by 2.4% in the 1st quarter. Wedbush Securities Inc. now owns 1,600 shares of the construction company’s stock worth $591,000 after purchasing an additional 38 shares during the last quarter. 92.59% of the stock is currently owned by institutional investors.

EMCOR Group Price Performance

Shares of NYSE EME opened at $629.79 on Friday. The firm has a market cap of $28.19 billion, a PE ratio of 26.13 and a beta of 1.28. The company has a current ratio of 1.18, a quick ratio of 1.15 and a debt-to-equity ratio of 0.08. EMCOR Group, Inc. has a 1-year low of $320.89 and a 1-year high of $667.64. The company has a fifty day moving average price of $604.37 and a 200 day moving average price of $490.87.

EMCOR Group (NYSE:EME) last announced its earnings results on Thursday, July 31st. The construction company reported $6.72 earnings per share for the quarter, topping analysts’ consensus estimates of $5.68 by $1.04. The firm had revenue of $4.30 billion during the quarter, compared to analyst estimates of $4.10 billion. EMCOR Group had a net margin of 7.07% and a return on equity of 38.01%. The company’s revenue for the quarter was up 17.4% compared to the same quarter last year. During the same period in the prior year, the business earned $5.25 EPS. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 EPS. Research analysts predict that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Tuesday, July 15th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date was Tuesday, July 15th. EMCOR Group’s dividend payout ratio is currently 4.15%.

Analyst Ratings Changes

Several research analysts have recently issued reports on EME shares. Baird R W upgraded EMCOR Group to a “strong-buy” rating in a research report on Friday, June 27th. Robert W. Baird initiated coverage on shares of EMCOR Group in a report on Friday, June 27th. They issued an “outperform” rating and a $560.00 price target for the company. Jefferies Financial Group initiated coverage on shares of EMCOR Group in a report on Friday, June 27th. They issued a “buy” rating for the company. TD Securities initiated coverage on shares of EMCOR Group in a report on Friday, June 27th. They issued a “buy” rating for the company. Finally, William Blair initiated coverage on shares of EMCOR Group in a report on Thursday. They issued an “outperform” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $594.50.

About EMCOR Group

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.