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

B. Riley Wealth Advisors Inc. increased its position in shares of EMCOR Group, Inc. (NYSE:EME) by 72.1% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,837 shares of the construction company’s stock after buying an additional 1,608 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in EMCOR Group were worth $1,344,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EME. Norges Bank acquired a new position in shares of EMCOR Group in the 4th quarter valued at $153,739,000. Burgundy Asset Management Ltd. raised its holdings in shares of EMCOR Group by 1.7% in the first quarter. Burgundy Asset Management Ltd. now owns 691,381 shares of the construction company’s stock valued at $242,122,000 after buying an additional 11,479 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of EMCOR Group by 20.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 434,523 shares of the construction company’s stock worth $152,170,000 after buying an additional 73,975 shares during the period. TimesSquare Capital Management LLC increased its position in EMCOR Group by 93.4% in the 4th quarter. TimesSquare Capital Management LLC now owns 426,083 shares of the construction company’s stock valued at $91,791,000 after acquiring an additional 205,793 shares during the period. Finally, Acadian Asset Management LLC increased its position in EMCOR Group by 55.6% in the 1st quarter. Acadian Asset Management LLC now owns 391,469 shares of the construction company’s stock valued at $137,074,000 after acquiring an additional 139,919 shares during the period. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Insiders Place Their Bets

In related news, Director Carol P. Lowe sold 1,245 shares of the firm’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $374.23, for a total value of $465,916.35. Following the completion of the sale, the director now owns 16,807 shares in the company, valued at $6,289,683.61. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Carol P. Lowe sold 1,245 shares of EMCOR Group stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $374.23, for a total transaction of $465,916.35. Following the completion of the sale, the director now directly owns 16,807 shares in the company, valued at approximately $6,289,683.61. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Robin A. Walker-Lee sold 1,300 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $370.79, for a total value of $482,027.00. Following the sale, the director now directly owns 8,637 shares in the company, valued at approximately $3,202,513.23. The disclosure for this sale can be found here. Insiders own 1.26% of the company’s stock.

EMCOR Group Stock Up 4.7 %

Shares of NYSE:EME opened at $375.44 on Thursday. EMCOR Group, Inc. has a fifty-two week low of $191.50 and a fifty-two week high of $401.98. The firm’s 50-day simple moving average is $375.44 and its 200-day simple moving average is $333.87. The company has a market cap of $17.52 billion, a price-to-earnings ratio of 24.78 and a beta of 1.06.

EMCOR Group (NYSE:EME) last announced its quarterly earnings data on Thursday, July 25th. The construction company reported $5.25 earnings per share for the quarter, beating analysts’ consensus estimates of $3.76 by $1.49. The company had revenue of $3.67 billion for the quarter, compared to analyst estimates of $3.52 billion. EMCOR Group had a return on equity of 32.73% and a net margin of 6.01%. The firm’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.95 EPS. On average, research analysts forecast that EMCOR Group, Inc. will post 19.5 EPS for the current year.

EMCOR Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 30th. Shareholders of record on Monday, July 15th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.27%. The ex-dividend date of this dividend was Monday, July 15th. EMCOR Group’s dividend payout ratio (DPR) is currently 6.60%.

Analyst Upgrades and Downgrades

Separately, DA Davidson lifted their target price on EMCOR Group from $410.00 to $430.00 and gave the company a “buy” rating in a research note on Friday, July 26th.

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.