Talon Private Wealth LLC Has $1.96 Million Stake in EMCOR Group, Inc. $EME

Key Points

• Talon Private Wealth LLC significantly increased its stake in EMCOR Group, raising it by 6,609.0% to 5,233 shares valued at approximately $1.96 million.
• EMCOR Group reported a strong quarterly performance with $6.72 earnings per share, surpassing estimates, and observed a 17.4% increase in revenue year-over-year.
• Analysts have a consensus rating of "Moderate Buy" for EMCOR Group with an average price target of $594.50, reflecting a mix of ratings from various research firms.

Talon Private Wealth LLC raised its position in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 6,609.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,233 shares of the construction company's stock after acquiring an additional 5,155 shares during the period. Talon Private Wealth LLC's holdings in EMCOR Group were worth $1,962,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. BankPlus Trust Department boosted its holdings in EMCOR Group by 200.0% during the first quarter. BankPlus Trust Department now owns 72 shares of the construction company's stock valued at $27,000 after acquiring an additional 48 shares during the period. Migdal Insurance & Financial Holdings Ltd. bought a new stake in EMCOR Group during the first quarter valued at about $28,000. Hazlett Burt & Watson Inc. acquired a new position in shares of EMCOR Group during the first quarter valued at about $30,000. Groupe la Francaise raised its position 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 valued at $33,000 after buying an additional 38 shares during the last quarter. Finally, Pandora Wealth Inc. acquired a new position in shares of EMCOR Group during the first quarter valued at about $37,000. 92.59% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. 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 report on Friday, August 1st. Jefferies Financial Group assumed coverage on shares of EMCOR Group in a research report on Friday, June 27th. They set a "buy" rating for the company. Wall Street Zen raised shares of EMCOR Group from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 2nd. UBS Group set a $750.00 price objective on shares of EMCOR Group and gave the company a "buy" rating in a research report on Tuesday, August 5th. Finally, The Goldman Sachs Group upped their price objective on shares of EMCOR Group from $384.00 to $435.00 and gave the company a "sell" rating in a research report on Tuesday, July 8th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $594.50.

EMCOR Group Price Performance

NYSE:EME traded up $5.96 during mid-day trading on Thursday, hitting $640.36. The company's stock had a trading volume of 666,519 shares, compared to its average volume of 476,047. EMCOR Group, Inc. has a fifty-two week low of $320.89 and a fifty-two week high of $667.64. The company has a current ratio of 1.18, a quick ratio of 1.15 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $28.66 billion, a price-to-earnings ratio of 26.57 and a beta of 1.28. The stock has a fifty day moving average of $600.83 and a 200-day moving average of $487.55.

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

EMCOR Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Tuesday, July 15th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, July 15th. This represents a $1.00 annualized dividend and a dividend yield of 0.2%. EMCOR Group's dividend payout ratio (DPR) is presently 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.