Nisa Investment Advisors LLC Buys 11,265 Shares of EMCOR Group, Inc. (NYSE:EME)

Nisa Investment Advisors LLC boosted its stake in EMCOR Group, Inc. (NYSE:EME) by 55.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 31,518 shares of the construction company’s stock after purchasing an additional 11,265 shares during the period. Nisa Investment Advisors LLC owned approximately 0.07% of EMCOR Group worth $11,507,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Cerity Partners LLC purchased a new stake in EMCOR Group during the fourth quarter valued at $212,000. Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of EMCOR Group by 8.5% during the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 9,841 shares of the construction company’s stock valued at $2,120,000 after purchasing an additional 768 shares during the last quarter. Mackenzie Financial Corp lifted its stake in shares of EMCOR Group by 2.5% in the 4th quarter. Mackenzie Financial Corp now owns 3,410 shares of the construction company’s stock worth $735,000 after purchasing an additional 84 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of EMCOR Group by 7.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,338 shares of the construction company’s stock worth $2,227,000 after buying an additional 730 shares during the last quarter. Finally, Daiwa Securities Group Inc. grew its position in EMCOR Group by 0.4% during the fourth quarter. Daiwa Securities Group Inc. now owns 14,150 shares of the construction company’s stock valued at $3,049,000 after buying an additional 50 shares during the period. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at EMCOR Group

In related news, Director Robin A. Walker-Lee sold 1,300 shares of EMCOR Group stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $370.79, for a total value of $482,027.00. Following the completion of the transaction, the director now owns 8,637 shares in the company, valued at $3,202,513.23. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director Robin A. Walker-Lee sold 1,300 shares of the firm’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $370.79, for a total value of $482,027.00. Following the completion of the sale, the director now directly owns 8,637 shares in the company, valued at $3,202,513.23. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Carol P. Lowe sold 1,245 shares of the stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $374.23, for a total transaction of $465,916.35. Following the completion of the sale, the director now directly owns 16,807 shares in the company, valued at approximately $6,289,683.61. The disclosure for this sale can be found here. 1.26% of the stock is owned by company insiders.

EMCOR Group Stock Down 0.1 %

NYSE:EME traded down $0.31 during trading hours on Monday, hitting $366.28. 160,568 shares of the stock traded hands, compared to its average volume of 462,141. The stock has a 50 day moving average price of $368.60 and a 200 day moving average price of $346.04. The company has a market cap of $17.21 billion, a price-to-earnings ratio of 24.18 and a beta of 1.06. EMCOR Group, Inc. has a 1 year low of $191.50 and a 1 year high of $401.98.

EMCOR Group (NYSE:EME) last issued its earnings results on Thursday, July 25th. The construction company reported $5.25 earnings per share for the quarter, topping the consensus estimate of $3.76 by $1.49. The company had revenue of $3.67 billion during the quarter, compared to the consensus estimate of $3.52 billion. EMCOR Group had a net margin of 6.01% and a return on equity of 32.73%. EMCOR Group’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.95 EPS. Equities analysts forecast that EMCOR Group, Inc. will post 19.5 earnings per share for the current fiscal year.

EMCOR Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 30th. Investors of record on Monday, July 15th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.27%. The ex-dividend date of this dividend was Monday, July 15th. EMCOR Group’s dividend payout ratio is presently 6.60%.

Analysts Set New Price Targets

Separately, DA Davidson raised their price objective on EMCOR Group from $410.00 to $430.00 and gave the stock a “buy” rating in a research note on Friday, July 26th.

EMCOR Group Company 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.