Nomura Asset Management Co. Ltd. Increases Stake in EMCOR Group, Inc. $EME

Nomura Asset Management Co. Ltd. grew its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 4.4% in the second quarter, HoldingsChannel.com reports. The firm owned 21,345 shares of the construction company’s stock after buying an additional 894 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in EMCOR Group were worth $11,417,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in EME. McLean Asset Management Corp raised its holdings in EMCOR Group by 2.8% during the 2nd quarter. McLean Asset Management Corp now owns 700 shares of the construction company’s stock valued at $379,000 after buying an additional 19 shares during the last quarter. Park Place Capital Corp raised its stake in shares of EMCOR Group by 6.9% during the second quarter. Park Place Capital Corp now owns 308 shares of the construction company’s stock valued at $164,000 after acquiring an additional 20 shares during the last quarter. Simon Quick Advisors LLC boosted its holdings in shares of EMCOR Group by 2.1% during the second quarter. Simon Quick Advisors LLC now owns 1,092 shares of the construction company’s stock worth $584,000 after purchasing an additional 22 shares during the period. NBC Securities Inc. grew its stake in shares of EMCOR Group by 0.7% in the second quarter. NBC Securities Inc. now owns 3,170 shares of the construction company’s stock worth $1,695,000 after purchasing an additional 23 shares during the last quarter. Finally, Institute for Wealth Management LLC. increased its holdings in EMCOR Group by 2.2% during the 2nd quarter. Institute for Wealth Management LLC. now owns 1,051 shares of the construction company’s stock valued at $562,000 after purchasing an additional 23 shares during the period. Institutional investors own 92.59% of the company’s stock.

Insider Transactions at EMCOR Group

In other EMCOR Group news, Director Robin A. Walker-Lee sold 1,325 shares of the firm’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $677.22, for a total transaction of $897,316.50. Following the transaction, the director owned 6,140 shares of the company’s stock, valued at approximately $4,158,130.80. This trade represents a 17.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.83% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on EME shares. Weiss Ratings reiterated a “buy (b)” rating on shares of EMCOR Group in a report on Wednesday, October 8th. Stifel Nicolaus raised their price target on EMCOR Group from $692.00 to $718.00 and gave the stock a “buy” rating in a research note on Monday, October 13th. DA Davidson boosted their price objective on shares of EMCOR Group from $725.00 to $800.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Wall Street Zen lowered shares of EMCOR Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 8th. Finally, Zacks Research raised shares of EMCOR Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 12th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $692.83.

EMCOR Group Stock Down 1.6%

Shares of NYSE EME opened at $604.73 on Thursday. EMCOR Group, Inc. has a 52-week low of $320.89 and a 52-week high of $778.64. The firm has a market capitalization of $27.07 billion, a price-to-earnings ratio of 25.09 and a beta of 1.25. The stock has a 50 day moving average price of $661.63 and a 200 day moving average price of $585.08. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.15 and a current ratio of 1.18.

EMCOR Group (NYSE:EME) last issued its earnings results on Thursday, October 30th. The construction company reported $6.57 earnings per share for the quarter, meeting analysts’ consensus estimates of $6.57. EMCOR Group had a return on equity of 38.01% and a net margin of 7.07%.The business had revenue of $4.30 billion during the quarter, compared to analyst estimates of $4.27 billion. During the same period in the previous year, the company posted $5.80 EPS. EMCOR Group’s revenue was up 16.4% on a year-over-year basis. EMCOR Group has set its FY 2025 guidance at 25.000-25.75 EPS. Sell-side analysts expect that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 30th. Investors of record on Wednesday, October 15th were paid a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, October 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.2%. EMCOR Group’s dividend payout ratio is 4.02%.

EMCOR Group 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.