Callan Family Office LLC Buys 12,903 Shares of EMCOR Group, Inc. $EME

Key Points

• Callan Family Office LLC increased its stake in EMCOR Group by 982.7% in Q2, acquiring an additional 12,903 shares, bringing its total to 14,216 shares valued at $7.6 million.
• EMCOR Group reported $6.72 EPS for the last quarter, surpassing analysts' estimates of $5.68, with revenue rising 17.4% year-over-year to $4.3 billion.
• The company announced a quarterly dividend of $0.25 per share, reflecting a 0.1% yield with the ex-dividend date set for October 15th.

Callan Family Office LLC lifted its holdings in EMCOR Group, Inc. (NYSE:EME - Free Report) by 982.7% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 14,216 shares of the construction company's stock after purchasing an additional 12,903 shares during the period. Callan Family Office LLC's holdings in EMCOR Group were worth $7,604,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. McLean Asset Management Corp lifted its stake in shares of EMCOR Group by 2.8% in the second quarter. McLean Asset Management Corp now owns 700 shares of the construction company's stock worth $379,000 after buying an additional 19 shares in the last quarter. Park Place Capital Corp raised its stake in EMCOR Group by 6.9% during the second quarter. Park Place Capital Corp now owns 308 shares of the construction company's stock worth $164,000 after purchasing an additional 20 shares during the period. NBC Securities Inc. raised its stake in EMCOR Group by 0.7% during the second quarter. NBC Securities Inc. now owns 3,170 shares of the construction company's stock worth $1,695,000 after purchasing an additional 23 shares during the period. Institute for Wealth Management LLC. increased its position in shares of EMCOR Group by 2.2% during the second 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, McGlone Suttner Wealth Management Inc. increased its position in shares of EMCOR Group by 1.9% during the second quarter. McGlone Suttner Wealth Management Inc. now owns 1,518 shares of the construction company's stock valued at $812,000 after acquiring an additional 29 shares during the last quarter. Hedge funds and other institutional investors own 92.59% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on EME. William Blair began coverage on shares of EMCOR Group in a report on Thursday, September 11th. They issued an "outperform" rating for the company. Robert W. Baird initiated coverage on shares of EMCOR Group in a report on Friday, June 27th. They set an "outperform" rating and a $560.00 price target for the company. Jefferies Financial Group initiated coverage on shares of EMCOR Group in a research report on Friday, June 27th. They set a "buy" rating for the company. Baird R W upgraded shares of EMCOR Group to a "strong-buy" rating in a research report on Friday, June 27th. Finally, The Goldman Sachs Group upgraded shares of EMCOR Group from a "sell" rating to a "neutral" rating and upped their price target for the company from $495.00 to $676.00 in a research report on Tuesday. Two research 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 company. Based on data from MarketBeat.com, EMCOR Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $634.67.

EMCOR Group Stock Performance

NYSE:EME opened at $681.56 on Friday. The stock has a market cap of $30.51 billion, a PE ratio of 28.28 and a beta of 1.24. EMCOR Group, Inc. has a fifty-two week low of $320.89 and a fifty-two week high of $697.50. The firm's fifty day simple moving average is $631.04 and its 200-day simple moving average is $524.49. The company has a quick ratio of 1.15, a current ratio of 1.18 and a debt-to-equity ratio of 0.08.

EMCOR Group (NYSE:EME - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The construction company reported $6.72 EPS for the quarter, beating analysts' consensus estimates of $5.68 by $1.04. The firm had revenue of $4.30 billion for the quarter, compared to analysts' expectations of $4.10 billion. EMCOR Group had a net margin of 7.07% and a return on equity of 38.01%. The firm's revenue was up 17.4% on a year-over-year basis. During the same period in the prior year, the company earned $5.25 EPS. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 EPS. Analysts expect that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 30th. Shareholders of record on Wednesday, October 15th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date is Wednesday, October 15th. EMCOR Group's dividend payout ratio is 4.15%.

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.

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