Walleye Capital LLC Makes New $2.98 Million Investment in EMCOR Group, Inc. $EME

Key Points

• Walleye Capital LLC has acquired a new position in EMCOR Group, purchasing 8,049 shares valued at approximately $2.975 million.
• EMCOR Group's stock has received varying analyst ratings, with an average consensus of "Moderate Buy" and a price target of $594.50.
• The company's recent quarterly earnings exceeded expectations, reporting $6.72 EPS against a consensus estimate of $5.68 and a revenue of $4.30 billion.

Walleye Capital LLC acquired a new stake in EMCOR Group, Inc. (NYSE:EME - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,049 shares of the construction company's stock, valued at approximately $2,975,000.

Other large investors also recently added to or reduced their stakes in the company. BankPlus Trust Department lifted its stake in 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 purchasing an additional 48 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in EMCOR Group during the first quarter worth $28,000. Hazlett Burt & Watson Inc. purchased a new stake in shares of EMCOR Group during the first quarter worth $30,000. Groupe la Francaise increased 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 worth $33,000 after acquiring an additional 38 shares during the period. Finally, Pandora Wealth Inc. purchased a new stake in shares of EMCOR Group during the first quarter worth $37,000. 92.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. The Goldman Sachs Group upped their price objective on EMCOR Group from $384.00 to $435.00 and gave the stock a "sell" rating in a research report on Tuesday, July 8th. Jefferies Financial Group assumed coverage on EMCOR Group in a research report on Friday, June 27th. They set a "buy" rating on the stock. Baird R W raised EMCOR Group to a "strong-buy" rating in a research report on Friday, June 27th. Robert W. Baird assumed coverage on EMCOR Group in a research report on Friday, June 27th. They set an "outperform" rating and a $560.00 price objective on the stock. Finally, Wall Street Zen raised EMCOR Group from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 2nd. 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 given a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $594.50.

EMCOR Group Stock Down 2.1%

NYSE:EME traded down $13.36 during trading hours on Friday, hitting $619.89. The company's stock had a trading volume of 353,374 shares, compared to its average volume of 310,887. The stock has a market capitalization of $27.75 billion, a P/E ratio of 25.72 and a beta of 1.27. The stock has a fifty day moving average of $583.56 and a 200-day moving average of $476.78. 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 52-week low of $320.89 and a 52-week high of $667.64.

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