Ritholtz Wealth Management Sells 1,563 Shares of EMCOR Group, Inc. $EME

Ritholtz Wealth Management lowered its position in shares of EMCOR Group, Inc. (NYSE:EME) by 9.1% in the first quarter, HoldingsChannel reports. The fund owned 15,552 shares of the construction company’s stock after selling 1,563 shares during the period. Ritholtz Wealth Management’s holdings in EMCOR Group were worth $11,482,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in EME. Swiss RE Ltd. acquired a new stake in shares of EMCOR Group in the fourth quarter valued at approximately $25,000. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of EMCOR Group in the fourth quarter worth $26,000. Zions Bancorporation National Association UT acquired a new position in EMCOR Group during the fourth quarter worth $28,000. Activest Wealth Management boosted its holdings in EMCOR Group by 800.0% during the fourth quarter. Activest Wealth Management now owns 54 shares of the construction company’s stock worth $33,000 after purchasing an additional 48 shares during the last quarter. Finally, Richardson Financial Services Inc. grew its position in EMCOR Group by 71.9% in the fourth quarter. Richardson Financial Services Inc. now owns 55 shares of the construction company’s stock valued at $34,000 after purchasing an additional 23 shares in the last quarter. 92.59% of the stock is owned by institutional investors.

EMCOR Group Trading Up 1.2%

NYSE:EME opened at $848.79 on Thursday. EMCOR Group, Inc. has a 1-year low of $499.31 and a 1-year high of $951.96. The firm has a fifty day simple moving average of $855.81 and a 200 day simple moving average of $761.23. The stock has a market capitalization of $37.72 billion, a PE ratio of 28.47 and a beta of 1.12.

EMCOR Group (NYSE:EME) last issued its earnings results on Wednesday, April 29th. The construction company reported $6.84 earnings per share for the quarter, topping analysts’ consensus estimates of $5.90 by $0.94. EMCOR Group had a net margin of 7.54% and a return on equity of 35.19%. The business had revenue of $4.63 billion for the quarter, compared to the consensus estimate of $4.20 billion. During the same period in the previous year, the company earned $5.41 earnings per share. The firm’s revenue for the quarter was up 19.7% on a year-over-year basis. EMCOR Group has set its FY 2026 guidance at 28.250-29.750 EPS. On average, equities analysts predict that EMCOR Group, Inc. will post 29.37 earnings per share for the current fiscal year.

EMCOR Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Thursday, April 16th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Thursday, April 16th. EMCOR Group’s dividend payout ratio (DPR) is 5.37%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Robert W. Baird lifted their price target on shares of EMCOR Group from $713.00 to $808.00 and gave the company an “outperform” rating in a research note on Friday, February 27th. Cantor Fitzgerald restated an “overweight” rating and set a $1,123.00 price objective on shares of EMCOR Group in a research note on Tuesday, June 16th. Stifel Nicolaus set a $918.00 price objective on EMCOR Group in a report on Thursday, April 30th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of EMCOR Group in a research report on Monday, April 20th. Finally, Zacks Research lowered EMCOR Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 26th. Ten investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $871.25.

Insider Activity at EMCOR Group

In related news, VP Robert Peter Lind sold 675 shares of the firm’s stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $894.27, for a total value of $603,632.25. Following the completion of the sale, the vice president directly owned 4,216 shares in the company, valued at approximately $3,770,242.32. This trade represents a 13.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Carol P. Lowe sold 950 shares of EMCOR Group stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $844.50, for a total value of $802,275.00. Following the transaction, the director owned 17,278 shares of the company’s stock, valued at $14,591,271. The trade was a 5.21% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 10,027 shares of company stock worth $8,957,466 over the last ninety days. Company insiders own 0.83% of the company’s stock.

EMCOR Group Profile

EMCOR Group, Inc is a provider of mechanical and electrical construction, industrial and energy infrastructure, and facilities services to commercial, institutional and industrial clients. The company delivers a broad range of services that include design-build and traditional construction of mechanical, electrical and plumbing systems; ongoing facilities maintenance and operations; and specialized industrial services for sectors such as manufacturing, data centers, healthcare and utilities.

EMCOR’s service offerings encompass HVAC, plumbing, electrical installation and maintenance, fire protection, building automation and controls, commissioning, testing and balancing, and energy management solutions.