B. Riley Wealth Advisors Inc. Sells 570 Shares of EMCOR Group, Inc. (NYSE:EME)

B. Riley Wealth Advisors Inc. decreased its holdings in shares of EMCOR Group, Inc. (NYSE:EME) by 18.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,442 shares of the construction company’s stock after selling 570 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in EMCOR Group were worth $1,052,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Pallas Capital Advisors LLC acquired a new position in shares of EMCOR Group during the second quarter worth approximately $383,000. Fifth Third Bancorp boosted its position in shares of EMCOR Group by 15.6% in the 2nd quarter. Fifth Third Bancorp now owns 977 shares of the construction company’s stock worth $357,000 after purchasing an additional 132 shares during the last quarter. Fifth Third Wealth Advisors LLC bought a new stake in EMCOR Group in the second quarter valued at about $563,000. Proffitt & Goodson Inc. acquired a new position in EMCOR Group in the second quarter valued at about $27,000. Finally, Hennessy Advisors Inc. lifted its stake in EMCOR Group by 12.2% in the second quarter. Hennessy Advisors Inc. now owns 160,500 shares of the construction company’s stock valued at $58,595,000 after buying an additional 17,400 shares during the period. 92.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently weighed in on EME. Northcoast Research began coverage on shares of EMCOR Group in a research note on Friday, November 22nd. They set a “buy” rating and a $600.00 price objective on the stock. Stifel Nicolaus initiated coverage on shares of EMCOR Group in a research note on Friday, November 15th. They issued a “buy” rating and a $600.00 price target on the stock. StockNews.com upgraded EMCOR Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 9th. Finally, The Goldman Sachs Group assumed coverage on EMCOR Group in a research report on Friday, November 22nd. They set a “sell” rating and a $445.00 price target for the company. One investment analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $518.75.

EMCOR Group Stock Performance

NYSE EME opened at $476.40 on Wednesday. The stock has a market cap of $21.92 billion, a PE ratio of 24.03 and a beta of 1.09. EMCOR Group, Inc. has a 52-week low of $209.31 and a 52-week high of $532.38. The firm has a 50-day moving average of $479.81 and a 200-day moving average of $415.65.

EMCOR Group (NYSE:EME) last posted its earnings results on Thursday, October 31st. The construction company reported $5.80 EPS for the quarter, topping analysts’ consensus estimates of $4.98 by $0.82. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. The firm had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $3.77 billion. During the same quarter in the prior year, the business earned $3.61 earnings per share. The business’s revenue for the quarter was up 15.3% compared to the same quarter last year. As a group, analysts predict that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 30th. Stockholders of record on Tuesday, October 15th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, October 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.21%. EMCOR Group’s dividend payout ratio (DPR) is 5.08%.

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.