Assenagon Asset Management S.A. Cuts Stock Position in EMCOR Group, Inc. $EME

Key Points

• Assenagon Asset Management cut its EMCOR Group stake by 81.2% in the second quarter, selling 235,484 shares and retaining 54,579 shares worth approximately $45.3 million. Institutional investors collectively own 92.59% of the stock.
• EMCOR reported strong quarterly results, with earnings of $9.06 per share versus the $7.23 consensus estimate and revenue of $5.15 billion, up 19.7% year over year. The company issued fiscal 2026 EPS guidance of $32.00–$33.25.
• Analyst sentiment remains positive: EMCOR has an average “Buy” rating and a consensus price target of $955.71, while shares recently opened at $818.15. Two directors also sold shares, though insiders own just 0.73% of the company.

Assenagon Asset Management S.A. cut its stake in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 81.2% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 54,579 shares of the construction company's stock after selling 235,484 shares during the period. Assenagon Asset Management S.A. owned about 0.12% of EMCOR Group worth $45,294,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Swiss RE Ltd. acquired a new position in shares of EMCOR Group during the fourth quarter valued at approximately $25,000. Ascentis Independent Advisors acquired a new stake in shares of EMCOR Group in the first quarter worth approximately $27,000. Zions Bancorporation National Association UT purchased a new stake in shares of EMCOR Group during the fourth quarter worth approximately $28,000. Activest Wealth Management increased its position in shares of 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 in the last quarter. Finally, Richardson Financial Services Inc. raised its stake in EMCOR Group by 71.9% in the 4th 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 during the last quarter. 92.59% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director William P. Reid sold 2,000 shares of the firm's stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $925.78, for a total transaction of $1,851,560.00. Following the completion of the sale, the director directly owned 10,149 shares of the company's stock, valued at approximately $9,395,741.22. This trade represents a 16.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Carol P. Lowe sold 950 shares of the business's stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $844.50, for a total transaction of $802,275.00. Following the completion of the sale, the director owned 17,278 shares in the company, valued at approximately $14,591,271. This trade represents a 5.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.73% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Zacks Research upgraded EMCOR Group from a "hold" rating to a "strong-buy" rating in a report on Tuesday, June 30th. Oppenheimer upped their target price on shares of EMCOR Group from $1,100.00 to $1,200.00 and gave the stock an "outperform" rating in a report on Friday, July 31st. Stifel Nicolaus set a $918.00 target price on shares of EMCOR Group in a research report on Thursday, April 30th. UBS Group increased their target price on shares of EMCOR Group from $975.00 to $1,065.00 and gave the company a "buy" rating in a research report on Friday, July 31st. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of EMCOR Group in a research note on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, EMCOR Group presently has an average rating of "Buy" and an average target price of $955.71.

EMCOR Group Price Performance

NYSE:EME opened at $818.15 on Friday. The firm has a market capitalization of $36.09 billion, a price-to-earnings ratio of 25.45 and a beta of 1.14. The company's 50-day moving average is $798.08 and its two-hundred day moving average is $792.79. EMCOR Group, Inc. has a 1-year low of $564.92 and a 1-year high of $951.96.

EMCOR Group (NYSE:EME - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The construction company reported $9.06 earnings per share for the quarter, beating the consensus estimate of $7.23 by $1.83. The business had revenue of $5.15 billion during the quarter, compared to analysts' expectations of $4.71 billion. EMCOR Group had a net margin of 7.74% and a return on equity of 35.49%. The business's revenue for the quarter was up 19.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $6.72 EPS. EMCOR Group has set its FY 2026 guidance at 32.000-33.250 EPS. As a group, equities analysts anticipate that EMCOR Group, Inc. will post 32.91 earnings per share for the current fiscal year.

EMCOR Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Wednesday, July 15th. This represents a $1.60 annualized dividend and a yield of 0.2%. EMCOR Group's dividend payout ratio (DPR) is 4.98%.

EMCOR Group Company 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.

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