Ladenburg Thalmann Financial Services Inc. boosted its holdings in Eagle Materials Inc (NYSE:EXP) by 137.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,982 shares of the construction company’s stock after acquiring an additional 2,303 shares during the quarter. Ladenburg Thalmann Financial Services Inc.’s holdings in Eagle Materials were worth $426,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. Tower Research Capital LLC TRC increased its position in shares of Eagle Materials by 474.5% in the second quarter. Tower Research Capital LLC TRC now owns 1,149 shares of the construction company’s stock valued at $106,000 after buying an additional 949 shares in the last quarter. Pacad Investment Ltd. increased its position in shares of Eagle Materials by 116.7% in the second quarter. Pacad Investment Ltd. now owns 1,300 shares of the construction company’s stock valued at $120,000 after buying an additional 700 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Eagle Materials by 8.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,868 shares of the construction company’s stock valued at $173,000 after buying an additional 146 shares in the last quarter. Emerald Mutual Fund Advisers Trust purchased a new position in shares of Eagle Materials in the third quarter valued at $201,000. Finally, Timber Hill LLC increased its position in shares of Eagle Materials by 70.4% in the second quarter. Timber Hill LLC now owns 2,183 shares of the construction company’s stock valued at $202,000 after buying an additional 902 shares in the last quarter. Hedge funds and other institutional investors own 91.52% of the company’s stock.
Eagle Materials Inc (EXP) opened at $111.27 on Wednesday. Eagle Materials Inc has a 52-week low of $86.51 and a 52-week high of $116.72. The firm has a market capitalization of $5,337.09, a price-to-earnings ratio of 25.52, a PEG ratio of 2.74 and a beta of 1.29. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.02 and a quick ratio of 0.94.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 26th. Investors of record on Friday, December 22nd will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.36%. The ex-dividend date of this dividend is Thursday, December 21st. Eagle Materials’s payout ratio is currently 9.17%.
EXP has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Eagle Materials from a “sell” rating to a “hold” rating in a research report on Wednesday, September 27th. Standpoint Research cut Eagle Materials from a “buy” rating to a “hold” rating in a research report on Thursday, September 28th. They noted that the move was a valuation call. Finally, Stifel Nicolaus raised their price target on Eagle Materials from $120.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, December 6th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $122.50.
In related news, COO Michael Haack sold 6,731 shares of the stock in a transaction on Friday, December 8th. The stock was sold at an average price of $115.00, for a total transaction of $774,065.00. Following the sale, the chief operating officer now owns 28,136 shares of the company’s stock, valued at $3,235,640. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Robert S. Stewart sold 29,892 shares of the stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $111.77, for a total value of $3,341,028.84. Following the sale, the executive vice president now directly owns 34,323 shares in the company, valued at approximately $3,836,281.71. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 85,165 shares of company stock worth $9,438,175. Corporate insiders own 4.10% of the company’s stock.
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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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