Assenagon Asset Management S.A. Sells 7,376 Shares of EMCOR Group, Inc. $EME

Assenagon Asset Management S.A. decreased its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 12.3% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 52,544 shares of the construction company’s stock after selling 7,376 shares during the period. Assenagon Asset Management S.A.’s holdings in EMCOR Group were worth $32,146,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Main Street Group LTD increased its position in shares of EMCOR Group by 110.0% during the third quarter. Main Street Group LTD now owns 42 shares of the construction company’s stock valued at $27,000 after buying an additional 22 shares during the period. Quent Capital LLC purchased a new stake in shares of EMCOR Group in the third quarter worth about $29,000. Orion Capital Management LLC bought a new position in shares of EMCOR Group in the third quarter valued at approximately $31,000. Twin Peaks Wealth Advisors LLC bought a new position in shares of EMCOR Group in the second quarter valued at approximately $43,000. Finally, True Wealth Design LLC grew its stake in EMCOR Group by 333.3% during the third quarter. True Wealth Design LLC now owns 91 shares of the construction company’s stock valued at $59,000 after acquiring an additional 70 shares in the last quarter. Institutional investors own 92.59% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. UBS Group upped their target price on shares of EMCOR Group from $900.00 to $945.00 and gave the stock a “buy” rating in a report on Friday, March 6th. Weiss Ratings reissued a “buy (b)” rating on shares of EMCOR Group in a report on Wednesday, January 21st. Robert W. Baird boosted their price target on shares of EMCOR Group from $713.00 to $808.00 and gave the company an “outperform” rating in a research report on Friday, February 27th. Stifel Nicolaus upped their price target on shares of EMCOR Group from $754.00 to $814.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Finally, Cantor Fitzgerald started coverage on EMCOR Group in a research report on Tuesday, March 10th. They issued an “overweight” rating and a $848.00 price objective on the stock. Nine analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $784.43.

EMCOR Group Trading Up 0.2%

EME stock opened at $762.70 on Thursday. The company’s 50 day moving average is $742.61 and its 200 day moving average is $678.71. The stock has a market cap of $33.97 billion, a price-to-earnings ratio of 27.02 and a beta of 1.16. EMCOR Group, Inc. has a 1-year low of $320.89 and a 1-year high of $835.00.

EMCOR Group (NYSE:EME) last announced its earnings results on Thursday, February 26th. The construction company reported $7.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.68 by $0.51. EMCOR Group had a net margin of 7.49% and a return on equity of 35.89%. The business had revenue of $4.51 billion during the quarter, compared to analyst estimates of $4.28 billion. During the same period in the previous year, the business posted $6.32 earnings per share. EMCOR Group’s revenue for the quarter was up 19.7% on a year-over-year basis. EMCOR Group has set its FY 2026 guidance at 27.250-29.250 EPS. As a group, sell-side analysts forecast that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 30th. Shareholders of record on Wednesday, January 14th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.2%. This is an increase from EMCOR Group’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Wednesday, January 14th. EMCOR Group’s dividend payout ratio is presently 5.67%.

EMCOR Group announced that its Board of Directors has initiated a stock buyback program on Thursday, December 18th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the construction company to buy up to 1.9% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board of directors believes its shares are undervalued.

Insider Activity

In other news, CEO Anthony Guzzi sold 36,000 shares of the company’s stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $729.48, for a total value of $26,261,280.00. Following the completion of the transaction, the chief executive officer directly owned 170,299 shares in the company, valued at approximately $124,229,714.52. This represents a 17.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.83% of the company’s stock.

EMCOR Group 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.