Dupont Capital Management Corp continued to hold its stake in shares of Eagle Materials Inc (NYSE:EXP) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 45,000 shares of the construction company’s stock at the end of the second quarter. Dupont Capital Management Corp owned 0.09% of Eagle Materials worth $4,159,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of EXP. IFP Advisors Inc increased its stake in shares of Eagle Materials by 38.1% in the first quarter. IFP Advisors Inc now owns 1,092 shares of the construction company’s stock valued at $106,000 after buying an additional 301 shares during the period. Global X Management Co. LLC increased its stake in shares of Eagle Materials by 220.0% in the second quarter. Global X Management Co. LLC now owns 1,536 shares of the construction company’s stock valued at $142,000 after buying an additional 1,056 shares during the period. Coldstream Capital Management Inc. increased its stake in shares of Eagle Materials by 2.5% in the first quarter. Coldstream Capital Management Inc. now owns 2,265 shares of the construction company’s stock valued at $220,000 after buying an additional 55 shares during the period. Oakbrook Investments LLC increased its stake in shares of Eagle Materials by 7.6% in the second quarter. Oakbrook Investments LLC now owns 2,400 shares of the construction company’s stock valued at $222,000 after buying an additional 170 shares during the period. Finally, M&T Bank Corp increased its stake in shares of Eagle Materials by 14.8% in the first quarter. M&T Bank Corp now owns 2,347 shares of the construction company’s stock valued at $228,000 after buying an additional 302 shares during the period. Institutional investors and hedge funds own 93.07% of the company’s stock.
Eagle Materials Inc (NYSE EXP) opened at 90.87 on Thursday. The firm has a 50-day moving average of $92.19 and a 200 day moving average of $97.11. Eagle Materials Inc has a 12-month low of $73.27 and a 12-month high of $110.64. The company has a market capitalization of $4.41 billion, a PE ratio of 21.13 and a beta of 1.23.
Eagle Materials (NYSE:EXP) last issued its quarterly earnings results on Thursday, July 27th. The construction company reported $1.17 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.17. The firm had revenue of $366.10 million for the quarter, compared to analyst estimates of $369.68 million. Eagle Materials had a net margin of 16.23% and a return on equity of 18.29%. The business’s revenue for the quarter was up 23.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.93 EPS. Analysts forecast that Eagle Materials Inc will post $5.38 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 7th. Stockholders of record on Friday, October 6th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date is Thursday, October 5th. Eagle Materials’s payout ratio is 9.30%.
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Several brokerages recently issued reports on EXP. Zacks Investment Research upgraded shares of Eagle Materials from a “hold” rating to a “buy” rating and set a $104.00 target price for the company in a research note on Tuesday, June 27th. BidaskClub downgraded shares of Eagle Materials from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 27th. Standpoint Research upgraded shares of Eagle Materials from a “hold” rating to a “buy” rating in a research note on Monday, July 31st. Citigroup Inc. upgraded shares of Eagle Materials from a “neutral” rating to a “buy” rating and cut their target price for the company from $115.00 to $110.00 in a research note on Monday, July 31st. Finally, Stephens upgraded shares of Eagle Materials from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, May 30th. Two investment analysts have rated the stock with a sell rating and five have assigned a buy rating to the company. Eagle Materials has an average rating of “Hold” and a consensus target price of $104.67.
In other news, EVP James H. Graass sold 10,000 shares of the stock in a transaction on Friday, May 19th. The shares were sold at an average price of $101.00, for a total value of $1,010,000.00. Following the transaction, the executive vice president now owns 69,653 shares of the company’s stock, valued at approximately $7,034,953. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO David B. Powers sold 11,317 shares of the stock in a transaction on Monday, August 7th. The stock was sold at an average price of $93.57, for a total transaction of $1,058,931.69. Following the completion of the transaction, the chief executive officer now directly owns 106,580 shares in the company, valued at approximately $9,972,690.60. The disclosure for this sale can be found here. Insiders sold a total of 23,317 shares of company stock worth $2,255,732 in the last three months. Insiders own 4.10% of the company’s stock.
About Eagle Materials
Eagle Materials Inc is a supplier of construction products, building materials and materials used for oil and natural gas extraction. The Company operates through five segments: Cement, Concrete and Aggregates, Gypsum Wallboard, Recycled Paperboard, and Oil and Gas Proppants. The Company’s construction products are used in residential, industrial, commercial and infrastructure construction, and include cement, slag, concrete and aggregates.
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