Shaker Investments LLC OH reduced its stake in shares of Eagle Materials Inc (NYSE:EXP) by 19.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,075 shares of the construction company’s stock after selling 4,550 shares during the quarter. Eagle Materials accounts for approximately 1.4% of Shaker Investments LLC OH’s holdings, making the stock its 22nd biggest position. Shaker Investments LLC OH’s holdings in Eagle Materials were worth $2,035,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in EXP. Tower Research Capital LLC TRC raised its stake in Eagle Materials by 474.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,149 shares of the construction company’s stock valued at $106,000 after purchasing an additional 949 shares during the last quarter. IFP Advisors Inc raised its stake in Eagle Materials by 8.3% during the 2nd quarter. IFP Advisors Inc now owns 1,183 shares of the construction company’s stock valued at $109,000 after purchasing an additional 91 shares during the last quarter. Pacad Investment Ltd. raised its stake in Eagle Materials by 116.7% during the 2nd quarter. Pacad Investment Ltd. now owns 1,300 shares of the construction company’s stock valued at $120,000 after purchasing an additional 700 shares during the last quarter. Global X Management Co. LLC raised its stake in Eagle Materials by 220.0% during the 2nd quarter. Global X Management Co. LLC now owns 1,536 shares of the construction company’s stock valued at $142,000 after purchasing an additional 1,056 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Eagle Materials by 8.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,868 shares of the construction company’s stock valued at $173,000 after purchasing an additional 146 shares during the last quarter. Hedge funds and other institutional investors own 90.59% of the company’s stock.
In related news, CEO David B. Powers sold 11,317 shares of the stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $93.57, for a total transaction of $1,058,931.69. Following the completion of the sale, the chief executive officer now owns 106,580 shares in the company, valued at approximately $9,972,690.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP William R. Devlin sold 16,469 shares of the stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $96.51, for a total transaction of $1,589,423.19. Following the sale, the senior vice president now owns 51,973 shares of the company’s stock, valued at approximately $5,015,914.23. The disclosure for this sale can be found here. In the last 90 days, insiders sold 91,316 shares of company stock valued at $9,119,122. Corporate insiders own 4.10% of the company’s stock.
Shares of Eagle Materials Inc (NYSE EXP) traded up $0.20 during mid-day trading on Friday, hitting $103.96. 444,472 shares of the stock were exchanged, compared to its average volume of 513,765. Eagle Materials Inc has a 52 week low of $80.25 and a 52 week high of $110.98. The firm has a market cap of $5,055.06, a PE ratio of 22.95, a price-to-earnings-growth ratio of 2.57 and a beta of 1.28. The company has a current ratio of 2.02, a quick ratio of 0.94 and a debt-to-equity ratio of 0.44.
Eagle Materials (NYSE:EXP) last announced its quarterly earnings data on Wednesday, October 25th. The construction company reported $1.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.22). Eagle Materials had a net margin of 15.93% and a return on equity of 17.75%. The business had revenue of $376.30 million during the quarter, compared to analyst estimates of $412.84 million. During the same quarter in the prior year, the company posted $1.25 EPS. The company’s quarterly revenue was up 13.1% compared to the same quarter last year. research analysts forecast that Eagle Materials Inc will post 5.06 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 26th. Stockholders of record on Friday, December 22nd will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date of this dividend is Thursday, December 21st. Eagle Materials’s dividend payout ratio is 9.17%.
Several equities analysts recently commented on EXP shares. 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. Zacks Investment Research cut shares of Eagle Materials from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Finally, BidaskClub upgraded shares of Eagle Materials from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 5th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $110.00.
Eagle Materials Profile
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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