EMCOR Group, Inc. (NYSE:EME) Shares Sold by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. lowered its stake in EMCOR Group, Inc. (NYSE:EME) by 41.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,229 shares of the construction company’s stock after selling 1,608 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in EMCOR Group were worth $480,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of EME. Allworth Financial LP raised its position in EMCOR Group by 83.8% in the fourth quarter. Allworth Financial LP now owns 136 shares of the construction company’s stock valued at $29,000 after purchasing an additional 62 shares during the period. CVA Family Office LLC purchased a new stake in shares of EMCOR Group in the 4th quarter valued at $39,000. Evermay Wealth Management LLC acquired a new position in EMCOR Group during the 4th quarter worth about $39,000. Benjamin F. Edwards & Company Inc. boosted its holdings in EMCOR Group by 182.6% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 195 shares of the construction company’s stock valued at $42,000 after acquiring an additional 126 shares during the period. Finally, Alaska Permanent Fund Corp purchased a new position in EMCOR Group during the 4th quarter valued at about $43,000. Hedge funds and other institutional investors own 92.59% of the company’s stock.

EMCOR Group Price Performance

EME opened at $381.27 on Monday. The business has a fifty day moving average price of $371.98 and a 200 day moving average price of $304.57. EMCOR Group, Inc. has a 12 month low of $174.01 and a 12 month high of $401.98. The stock has a market capitalization of $17.92 billion, a price-to-earnings ratio of 25.15 and a beta of 1.08.

EMCOR Group (NYSE:EME) last announced its quarterly earnings data on Thursday, April 25th. The construction company reported $4.17 EPS for the quarter, topping analysts’ consensus estimates of $2.92 by $1.25. The business had revenue of $3.43 billion during the quarter. EMCOR Group had a return on equity of 30.38% and a net margin of 5.48%. On average, research analysts anticipate that EMCOR Group, Inc. will post 16.1 earnings per share for the current year.

EMCOR Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 16th were given a dividend of $0.25 per share. This is a boost from EMCOR Group’s previous quarterly dividend of $0.18. This represents a $1.00 annualized dividend and a dividend yield of 0.26%. The ex-dividend date of this dividend was Monday, April 15th. EMCOR Group’s payout ratio is 6.60%.

Insider Buying and Selling

In other EMCOR Group news, Director Carol P. Lowe sold 1,245 shares of the firm’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $374.23, for a total value of $465,916.35. Following the sale, the director now directly owns 16,807 shares in the company, valued at $6,289,683.61. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.26% of the company’s stock.

Analyst Ratings Changes

Separately, DA Davidson restated a “buy” rating and issued a $375.00 price objective on shares of EMCOR Group in a report on Friday, March 22nd.

About EMCOR Group

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.