Lodge Hill Capital LLC reduced its holdings in Eagle Materials Inc (NYSE:EXP) by 26.0% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 797,830 shares of the construction company’s stock after selling 280,570 shares during the quarter. Eagle Materials makes up 6.5% of Lodge Hill Capital LLC’s portfolio, making the stock its 2nd biggest position. Lodge Hill Capital LLC owned approximately 1.64% of Eagle Materials worth $85,128,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Bank of Montreal Can lifted its position in Eagle Materials by 0.3% in the 2nd quarter. Bank of Montreal Can now owns 6,304 shares of the construction company’s stock valued at $583,000 after purchasing an additional 17 shares during the last quarter. Greenwood Capital Associates LLC lifted its position in Eagle Materials by 1.0% in the 2nd quarter. Greenwood Capital Associates LLC now owns 2,456 shares of the construction company’s stock valued at $227,000 after purchasing an additional 25 shares during the last quarter. World Asset Management Inc increased its stake in Eagle Materials by 2.7% during the 2nd quarter. World Asset Management Inc now owns 3,480 shares of the construction company’s stock valued at $322,000 after buying an additional 90 shares during the period. IFP Advisors Inc increased 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 buying an additional 91 shares during the period. Finally, Teacher Retirement System of Texas increased its stake in Eagle Materials by 3.3% during the 2nd quarter. Teacher Retirement System of Texas now owns 3,930 shares of the construction company’s stock valued at $363,000 after buying an additional 127 shares during the period. Institutional investors own 91.55% of the company’s stock.
Several research firms have commented on EXP. Standpoint Research cut shares of Eagle Materials from a “buy” rating to a “hold” rating in a research note on Thursday, September 28th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Eagle Materials from a “sell” rating to a “hold” rating in a research note on Thursday, November 16th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $110.00.
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 the Thomson Reuters’ consensus estimate of $1.53 by ($0.22). The business had revenue of $376.30 million during the quarter, compared to analyst estimates of $412.84 million. Eagle Materials had a return on equity of 17.75% and a net margin of 15.93%. The business’s revenue for the quarter was up 13.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.25 EPS. equities research analysts anticipate that Eagle Materials Inc will post 5.02 earnings per share 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. The ex-dividend date of this dividend is Thursday, December 21st. This represents a $0.40 annualized dividend and a dividend yield of 0.36%. Eagle Materials’s dividend payout ratio is currently 9.17%.
In other news, EVP Gerald J. Essl sold 5,479 shares of Eagle Materials stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $100.32, for a total value of $549,653.28. Following the transaction, the executive vice president now directly owns 34,380 shares of the company’s stock, valued at $3,449,001.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Dale Craig Kesler sold 5,000 shares of Eagle Materials stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $101.40, for a total transaction of $507,000.00. Following the completion of the transaction, the chief financial officer now directly owns 61,778 shares in the company, valued at $6,264,289.20. The disclosure for this sale can be found here. Insiders sold a total of 85,447 shares of company stock worth $9,244,761 in the last ninety days. Corporate insiders own 4.10% of the company’s stock.
Eagle Materials Company 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.
Want to see what other hedge funds are holding EXP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Eagle Materials Inc (NYSE:EXP).
What are top analysts saying about Eagle Materials Inc? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Eagle Materials Inc and related companies.