Nomura Asset Management Co. Ltd. Has $8.79 Million Stake in EMCOR Group, Inc. (NYSE:EME)

Nomura Asset Management Co. Ltd. raised its stake in EMCOR Group, Inc. (NYSE:EME - Free Report) by 64.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,417 shares of the construction company's stock after purchasing an additional 8,013 shares during the quarter. Nomura Asset Management Co. Ltd.'s holdings in EMCOR Group were worth $8,790,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of EME. State Street Corp increased its stake in EMCOR Group by 1.5% during the 3rd quarter. State Street Corp now owns 1,612,782 shares of the construction company's stock worth $694,351,000 after buying an additional 24,541 shares during the period. Acadian Asset Management LLC boosted its stake in shares of EMCOR Group by 34.4% during the 2nd quarter. Acadian Asset Management LLC now owns 526,044 shares of the construction company's stock valued at $192,028,000 after buying an additional 134,575 shares during the last quarter. AQR Capital Management LLC grew its position in shares of EMCOR Group by 27.5% during the second quarter. AQR Capital Management LLC now owns 412,382 shares of the construction company's stock worth $150,553,000 after buying an additional 88,909 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of EMCOR Group by 4.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 354,045 shares of the construction company's stock worth $152,427,000 after buying an additional 14,447 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in EMCOR Group by 11.4% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 334,509 shares of the construction company's stock valued at $144,016,000 after acquiring an additional 34,226 shares in the last quarter. Institutional investors and hedge funds own 92.59% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented 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 target price for the company. Stifel Nicolaus began coverage on shares of EMCOR Group in a research note on Friday, November 15th. They set a "buy" rating and a $600.00 price objective on the stock. StockNews.com upgraded EMCOR Group from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, October 9th. Finally, The Goldman Sachs Group began coverage on EMCOR Group in a research report on Friday, November 22nd. They set a "sell" rating and a $445.00 price target on the stock. One equities research 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. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $518.75.

EMCOR Group Stock Performance

Shares of EMCOR Group stock traded down $1.20 during trading on Friday, hitting $479.05. 266,106 shares of the stock traded hands, compared to its average volume of 431,388. The stock has a market cap of $22.04 billion, a P/E ratio of 24.34 and a beta of 1.09. The company has a fifty day moving average price of $478.06 and a two-hundred day moving average price of $414.17. EMCOR Group, Inc. has a twelve month low of $209.31 and a twelve month high of $532.38.

EMCOR Group (NYSE:EME - Get Free Report) last posted its earnings results on Thursday, October 31st. The construction company reported $5.80 earnings per share for the quarter, beating the consensus estimate of $4.98 by $0.82. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. The company had revenue of $3.70 billion for the quarter, compared to analyst estimates 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. On average, equities research analysts expect that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 30th. Stockholders of record on Tuesday, October 15th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.21%. The ex-dividend date was Tuesday, October 15th. 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.