Klingman & Associates LLC Buys Shares of 605 EMCOR Group, Inc. $EME

Key Points

• Klingman & Associates LLC purchased 605 shares of EMCOR Group, valued at approximately $324,000 during the 2nd quarter, marking a significant investment in the construction company.
• EMCOR Group has experienced positive analyst sentiment, with a consensus rating of "Moderate Buy" and a target price of $654.83, following several ratings upgrades from various research firms.
• The construction company reported a quarterly earnings beating estimates, with earnings per share (EPS) of $6.72, surpassing analysts' expectations of $5.68.

Klingman & Associates LLC bought a new stake in EMCOR Group, Inc. (NYSE:EME - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 605 shares of the construction company's stock, valued at approximately $324,000.

A number of other large investors have also modified their holdings of EME. BankPlus Trust Department grew its stake in shares of EMCOR Group by 200.0% during the first quarter. BankPlus Trust Department now owns 72 shares of the construction company's stock worth $27,000 after acquiring an additional 48 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of EMCOR Group during the first quarter worth about $28,000. Hazlett Burt & Watson Inc. purchased a new stake in shares of EMCOR Group during the first quarter worth about $30,000. Groupe la Francaise grew its stake in shares of EMCOR Group by 79.2% during the first quarter. Groupe la Francaise now owns 86 shares of the construction company's stock worth $33,000 after acquiring an additional 38 shares during the last quarter. Finally, Pandora Wealth Inc. purchased a new stake in shares of EMCOR Group during the first quarter worth about $37,000. Hedge funds and other institutional investors own 92.59% of the company's stock.

Wall Street Analysts Forecast Growth

EME has been the topic of a number of research analyst reports. UBS Group set a $750.00 price target on EMCOR Group and gave the stock a "buy" rating in a research note on Tuesday, August 5th. Hovde Group upgraded EMCOR Group to a "hold" rating in a research note on Friday, June 27th. Zacks Research raised EMCOR Group from a "hold" rating to a "strong-buy" rating in a report on Friday, September 12th. Northcoast Research downgraded EMCOR Group from a "buy" rating to a "neutral" rating and set a $500.00 target price for the company. in a report on Thursday, August 7th. Finally, Robert W. Baird initiated coverage on EMCOR Group in a report on Friday, June 27th. They set an "outperform" rating and a $560.00 target price for the company. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $654.83.

EMCOR Group Trading Down 1.4%

EMCOR Group stock opened at $690.50 on Wednesday. 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, Inc. has a 52 week low of $320.89 and a 52 week high of $704.09. The company has a market capitalization of $30.91 billion, a price-to-earnings ratio of 28.65 and a beta of 1.24. The stock has a 50-day moving average price of $640.90 and a 200 day moving average price of $542.70.

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

EMCOR Group Dividend Announcement

The business also recently declared 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. The ex-dividend date of this dividend is Wednesday, October 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.1%. EMCOR Group's payout ratio is presently 4.15%.

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.

Want to see what other hedge funds are holding EME? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for EMCOR Group, Inc. (NYSE:EME - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.