EMCOR Group, Inc. $EME Stock: Assenagon Asset Management S.A. Increases Holdings

Key Points

• Assenagon Asset Management nearly doubled its EMCOR Group stake by purchasing 51,696 additional shares, bringing its holdings to 106,275 shares valued at approximately $80.2 million. Institutional investors collectively own 92.59% of the company.
• EMCOR reported strong quarterly results, with EPS of $9.06 exceeding estimates of $7.23 and revenue of $5.15 billion surpassing expectations of $4.71 billion. Revenue increased 19.7% year over year, and the company maintained fiscal 2026 EPS guidance of $32.00–$33.25.
• The stock opened at $720.67, below its 50-day and 200-day moving averages, while analysts maintained a consensus “Buy” rating with an average price target of $1,014.17. EMCOR also declared a quarterly dividend of $0.40 per share.

Assenagon Asset Management S.A. boosted its stake in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 94.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 106,275 shares of the construction company's stock after buying an additional 51,696 shares during the period. Assenagon Asset Management S.A. owned about 0.24% of EMCOR Group worth $80,183,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. NBH Bank purchased a new position in EMCOR Group in the second quarter valued at about $27,000. Ascentis Independent Advisors bought a new stake in shares of EMCOR Group in the 1st quarter valued at approximately $27,000. GK Wealth Management LLC bought a new stake in shares of EMCOR Group in the 3rd quarter valued at approximately $31,000. Clearstead Trust LLC acquired a new position in EMCOR Group in the second quarter worth approximately $38,000. Finally, Orion Capital Management LLC acquired a new position in EMCOR Group in the second quarter worth approximately $39,000. 92.59% of the stock is owned by hedge funds and other institutional investors.

EMCOR Group Stock Down 1.6%

NYSE:EME opened at $720.67 on Friday. EMCOR Group, Inc. has a 12-month low of $564.92 and a 12-month high of $951.96. The firm has a market capitalization of $31.79 billion, a PE ratio of 24.70 and a beta of 1.12. The firm has a 50-day moving average price of $770.15 and a 200 day moving average price of $801.89.

EMCOR Group (NYSE:EME - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The construction company reported $9.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $7.23 by $1.83. The company had revenue of $5.15 billion during the quarter, compared to analysts' expectations of $4.71 billion. EMCOR Group had a return on equity of 35.49% and a net margin of 7.74%. The business's revenue was up 19.7% on a year-over-year basis. During the same period last year, the business earned $6.72 earnings per share. EMCOR Group has set its FY 2026 guidance at 32.000-33.250 EPS. On average, research analysts expect that EMCOR Group, Inc. will post 32.98 EPS for the current year.

EMCOR Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Thursday, October 15th will be given a dividend of $0.40 per share. The ex-dividend date is Thursday, October 15th. This represents a $1.60 annualized dividend and a dividend yield of 0.2%. EMCOR Group's payout ratio is currently 4.98%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. DA Davidson set a $1,047.00 price target on shares of EMCOR Group in a report on Monday, August 10th. Oppenheimer raised their target price on EMCOR Group from $1,100.00 to $1,200.00 and gave the company an "outperform" rating in a report on Friday, July 31st. Weiss Ratings lowered EMCOR Group from a "buy (b)" rating to a "buy (b-)" rating in a report on Thursday, August 27th. Cantor Fitzgerald reduced their price target on EMCOR Group from $1,123.00 to $1,047.00 and set an "overweight" rating for the company in a research report on Monday, August 10th. Finally, UBS Group reiterated a "buy" rating on shares of EMCOR Group in a research note on Friday, October 9th. One research analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the stock. According to MarketBeat, EMCOR Group presently has an average rating of "Buy" and a consensus price target of $1,014.17.

EMCOR Group Company Profile

EMCOR Group, Inc is a specialty construction and facilities services company headquartered in Norwalk, Connecticut. The company provides mechanical and electrical construction, building services, industrial services, energy infrastructure, and related maintenance solutions for commercial, industrial, institutional, governmental, and utility customers.

Its activities include designing and installing heating, ventilation, and air-conditioning systems; electrical power and communications infrastructure; plumbing and piping systems; fire protection; process systems; and building automation technologies.

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