Chicago Partners Investment Group LLC Grows Holdings in EMCOR Group, Inc. $EME

Chicago Partners Investment Group LLC raised its position in EMCOR Group, Inc. (NYSE:EME) by 31.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 636 shares of the construction company’s stock after purchasing an additional 151 shares during the period. Chicago Partners Investment Group LLC’s holdings in EMCOR Group were worth $365,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. McLean Asset Management Corp lifted its holdings in 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 in the last quarter. Park Place Capital Corp increased its stake in shares of EMCOR Group by 6.9% during the 2nd quarter. Park Place Capital Corp now owns 308 shares of the construction company’s stock valued at $164,000 after acquiring an additional 20 shares during the last quarter. NBC Securities Inc. increased its stake 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 valued at $1,695,000 after acquiring an additional 23 shares during the last quarter. Institute for Wealth Management LLC. increased its stake in shares of EMCOR Group by 2.2% during 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. Finally, Wealthstream Advisors Inc. increased its stake in shares of EMCOR Group by 3.4% during the 2nd quarter. Wealthstream Advisors Inc. now owns 721 shares of the construction company’s stock valued at $386,000 after acquiring an additional 24 shares during the last quarter. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

EMCOR Group Stock Up 5.1%

EME opened at $696.79 on Friday. The firm has a 50 day moving average price of $643.57 and a 200 day moving average price of $545.92. The company has a market cap of $31.19 billion, a PE ratio of 28.91 and a beta of 1.24. EMCOR Group, Inc. has a 1 year low of $320.89 and a 1 year high of $704.09. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.15 and a current ratio of 1.18.

EMCOR Group (NYSE:EME) last posted its earnings results on Thursday, July 31st. The construction company reported $6.72 earnings per share (EPS) 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 the consensus estimate 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 was up 17.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.25 EPS. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 EPS. Sell-side analysts expect that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 30th. Shareholders of record on Wednesday, October 15th will be given a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, October 15th. This represents a $1.00 annualized dividend and a yield of 0.1%. EMCOR Group’s dividend payout ratio (DPR) is 4.15%.

Analysts Set New Price Targets

EME has been the subject of a number of research analyst reports. William Blair initiated coverage on shares of EMCOR Group in a research note on Thursday, September 11th. They set an “outperform” rating for the company. Stifel Nicolaus upped their price objective on shares of EMCOR Group from $692.00 to $718.00 and gave the company a “buy” rating in a research note on Monday, October 13th. TD Securities initiated coverage on shares of EMCOR Group in a research note on Friday, June 27th. They set a “buy” rating for the company. Zacks Research raised shares of EMCOR Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 12th. Finally, DA Davidson upped their price objective on shares of EMCOR Group from $515.00 to $725.00 and gave the company a “buy” rating in a research note on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, EMCOR Group has an average rating of “Moderate Buy” and a consensus price target of $654.83.

EMCOR Group 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.