EMCOR Group, Inc. (NYSE:EME) Shares Purchased by Ritholtz Wealth Management

Ritholtz Wealth Management boosted its holdings in EMCOR Group, Inc. (NYSE:EME) by 1.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,081 shares of the construction company’s stock after purchasing an additional 371 shares during the quarter. Ritholtz Wealth Management’s holdings in EMCOR Group were worth $10,023,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. ORG Wealth Partners LLC acquired a new position in EMCOR Group in the third quarter valued at $33,000. Anchor Investment Management LLC increased its stake in EMCOR Group by 89.3% in the second quarter. Anchor Investment Management LLC now owns 106 shares of the construction company’s stock valued at $39,000 after purchasing an additional 50 shares during the last quarter. True Wealth Design LLC increased its stake in EMCOR Group by 3,466.7% in the third quarter. True Wealth Design LLC now owns 107 shares of the construction company’s stock valued at $46,000 after purchasing an additional 104 shares during the last quarter. Northwest Investment Counselors LLC purchased a new stake in EMCOR Group during the third quarter valued at about $49,000. Finally, Prospera Private Wealth LLC purchased a new stake in EMCOR Group during the third quarter valued at about $55,000. 92.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

EME has been the subject of a number of research reports. The Goldman Sachs Group initiated 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. Northcoast Research initiated coverage on EMCOR Group in a research report on Friday, November 22nd. They set a “buy” rating and a $600.00 price target for the company. StockNews.com raised EMCOR Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 9th. Finally, Stifel Nicolaus began coverage on EMCOR Group in a research report on Friday, November 15th. They set a “buy” rating and a $600.00 price target for the company. One research analyst has rated the stock with a sell rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, EMCOR Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $518.75.

EMCOR Group Price Performance

Shares of NYSE EME opened at $511.21 on Friday. EMCOR Group, Inc. has a 1-year low of $217.22 and a 1-year high of $532.38. The business has a 50-day moving average of $488.31 and a 200-day moving average of $429.85. The company has a market capitalization of $23.52 billion, a price-to-earnings ratio of 25.96 and a beta of 1.12.

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

EMCOR Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Thursday, January 16th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.20%. The ex-dividend date of this dividend is Thursday, January 16th. EMCOR Group’s dividend payout ratio is currently 5.08%.

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.