Nisa Investment Advisors LLC Has $12.63 Million Position in EMCOR Group, Inc. (NYSE:EME)

Nisa Investment Advisors LLC boosted its holdings in EMCOR Group, Inc. (NYSE:EME - Free Report) by 8.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,814 shares of the construction company's stock after acquiring an additional 2,175 shares during the quarter. Nisa Investment Advisors LLC owned 0.06% of EMCOR Group worth $12,625,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EME. Caprock Group LLC grew its holdings in shares of EMCOR Group by 0.4% in the 3rd quarter. Caprock Group LLC now owns 5,836 shares of the construction company's stock worth $2,513,000 after purchasing an additional 22 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in EMCOR Group by 14.4% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 199 shares of the construction company's stock worth $90,000 after buying an additional 25 shares during the last quarter. Koshinski Asset Management Inc. increased its holdings in shares of EMCOR Group by 4.1% during the fourth quarter. Koshinski Asset Management Inc. now owns 656 shares of the construction company's stock worth $298,000 after buying an additional 26 shares in the last quarter. First Horizon Advisors Inc. increased its holdings in shares of EMCOR Group by 13.0% during the third quarter. First Horizon Advisors Inc. now owns 235 shares of the construction company's stock worth $101,000 after buying an additional 27 shares in the last quarter. Finally, Cassaday & Co Wealth Management LLC raised its stake in shares of EMCOR Group by 3.8% in the third quarter. Cassaday & Co Wealth Management LLC now owns 830 shares of the construction company's stock valued at $357,000 after acquiring an additional 30 shares during the last quarter. Institutional investors own 92.59% of the company's stock.

Analyst Ratings Changes

EME has been the subject of a number of research analyst reports. Northcoast Research began coverage on shares of EMCOR Group in a research note on Friday, November 22nd. They issued a "buy" rating and a $600.00 target price for the company. The Goldman Sachs Group assumed coverage on EMCOR Group in a report on Friday, November 22nd. They set a "sell" rating and a $445.00 price objective on the stock. Stifel Nicolaus started coverage on EMCOR Group in a research note on Friday, November 15th. They issued a "buy" rating and a $600.00 target price for the company. Finally, StockNews.com raised EMCOR Group from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, October 9th. One 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. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $518.75.

EMCOR Group Stock Performance

EMCOR Group stock traded down $0.16 during mid-day trading on Friday, reaching $531.64. The company's stock had a trading volume of 285,693 shares, compared to its average volume of 374,586. The business's 50 day simple moving average is $490.19 and its 200 day simple moving average is $436.48. EMCOR Group, Inc. has a 12 month low of $220.45 and a 12 month high of $545.29. The company has a market capitalization of $24.46 billion, a price-to-earnings ratio of 27.00 and a beta of 1.12.

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

EMCOR Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Thursday, January 16th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.19%. The ex-dividend date is Thursday, January 16th. EMCOR Group's dividend payout ratio (DPR) is presently 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.